Cuban President Miguel Díaz-Canel today described as a milestone in the business and economic-commercial relations between Cuba and Vietnam. The establishment of a high-tech joint venture in the biotechnological and pharmaceutical sector, aimed at producing medicines for both countries.
The head of state, who participated this Monday in the signing of the founding agreement -between BCF S.A., of BioCubaFarma, and the Vietnamese Genfarma Holdings-. Said in X that the establishment of this new entity ratifies the commitment to continue strengthening ties with that Asian nation.
The ceremony took place in the Sol de América hall of the Palace of the Revolution, in Havana. In the presence of the Vice Minister of Health of the Socialist Republic of Vietnam, Do Xuan Tuyen.
According to the Presidency’s website, the joint venture will have as its essential mission the transfer of technologies of biological and pharmaceutical products from Cuba, and will promote research and development activities of biological products and high-tech medicines in Vietnam.
This alliance will allow exporting products manufactured in Cuba, with the purpose of generating income that will be used in the development and production of medicines for the Cuban population, the report said.
Likewise, the text indicated, it is in the interest of both parties that the company has an international projection. With exports to different nations in Asia and the world.
At the ceremony, Díaz-Canel stressed that the constitution of this joint venture responds to the consensus reached with the general secretary of the Communist Party of Vietnam, To Lam, during his visit to Cuba last year.
“I am confident that it is going to be a good enterprise, it will honor the special character of our relations. It will succeed, and it will also demonstrate the way in which we can jointly make mutually beneficial projects,” said the First Secretary of the Central Committee of the Communist Party of Cuba.
He also stressed the importance of moving forward in parallel with the regulatory elements. So that, in the shortest possible time, with all the rigors involved. These medicines can be authorized and no time is lost in making them available to the Vietnamese people.
The Vice Minister of Health of the Indochinese nation considered it an honor to witness the signing of the agreement that founded this Monday the joint Venture. Just in the year that the two nations celebrate 65 years of diplomatic relations.
He also expressed his gratitude for a previous meeting held with Díaz-Canel and other authorities of the Ministry of Health and the Center for State Control of Medicines, Equipment and Medical Devices in previous days.
From those exchanges, he said, several possibilities for cooperation were identified. Three of them of utmost importance for Vietnam: the development and implementation of family medicine. Cutting mother-to-child transmission of HIV/AIDS infection (which Cuba achieved in 2015). As well as the development of biotechnology, in production of medicines and products in Vietnam.
With information from CNA
Translated by Aliani Rojas Fernández
- Brain Stimulation: Promising Breakthrough for the Mind? - 21 de May de 2025
- Complex solutions for electricity supply in Cuba - 21 de May de 2025
- Teenage pregnancy, a timely reflection - 21 de May de 2025