Haiti Vietnam agreement aims to boost investment and trade


Haitian officials over trade, economy, finance and public works met with Vietnamese counterparts on Monday where agreements that may lead to a wave of investment in the fields of energy, textile, food, information and electronics were signed.

Minister of Economy and Finance and Trade and Industry, Wilson Lalaeau, Minister of Agriculture Jacques Thomas, Secretary of State for Public Works and Transportation, Philippe Cinéas, on Monday signed a framework agreement for cooperation between Haiti and Vietnam while in the Vietnamese capital of Hanoi.

Laleau met with his counterpart, the Vietnamese Minister of Industry and Trade, Vu Huy Hoang, where an agreement was signed that aims to attract new investment into Haiti and strengthen cooperative relations between the two countries, particularly in the areas of trade and industry.

This agreement is a follow-up of cooperation led by Prime Minister Laurent Lamothe who made an official visit to Vietnam in December 2012, as part of the steps taken by the administration to answer the problem of high cost of living and food insecurity.

In the coming months, Haiti will host a large delegation composed of business men and women from Vietnam, which will be led by the Head of Government of the Socialist Republic of Vietnam, Prime Minister Nguyen Tan Dung.

These investors will enjoy their stay in Haiti to explore other areas of cooperation, particularly in infrastructure, construction and finance. In this sense, the Vietnamese Trade Minister Vu Huy Hoang has expressed the willingness of his country to expand its relations with Haiti in energy, textile, food, and electronics.

"Haiti is an important partner for Vietnam and we are honored by the opportunity offered to us to invest in Haiti and export our products to that country, including rice," said Mr. Vu Huy Hoang.

Minister Laleau, for his part, said that Vietnamese cooperation is a priority for the President Michel Martelly and Prime Minister Laurent Lamothe. During these discussions, the two ministers agreed on the need to increase trade between the two countries and promote public-private partnership between the two Republics.

Very early in the morning, Ministers Wilson Laleau and Thomas Jacques had a meeting with the Vietnamese Minister of Finance, Mr. Dinh Tien Dung, during which they discussed the similarities between the two economies and the opportunity establish efficient technical partnerships between the two Governments.

The Haitian delegation also met with the Minister of Construction, Trinh Dinh Dung to discuss the need to create a bi-national Joint Commission with a view to explore other potential areas of investment as different manufacturers products made through the industrial park in Caracol.

At the end of the visit, the delegation will hold discussions with companies specialized in the production of electricity and manufacturing. The Prime Minister and the Minister of the Vietnamese agriculture also discuss the production and agricultural recovery and the possibility of signing other cooperation agreements.