Viglacera will produce sanitary wares ty so bong da ceramic tiles in Cuba

On 15/10/2014, within the framework of the Closing ceremony of the 32nd Vietnam – Cuba Intergovernmental Committee meeting, Viglacera ty so bong da Cuban Building Materials Group signed a memorandum of understanding (MOU) on the joint venture establishment with two factories producing sanitary ware ty so bong da ceramic. The two factories are both under the Cuban Ministry of Construction, located in San Jose ty so bong da Santa Cruz.

General Director of Viglacera Corporation Nguyen Anh Tuan, ty so bong da General Director of the construction enterprise group (Geicon) Cuba Cesar Revuelta Mayolina signed an MOU on the establishment of a joint venture producing sanitary ware, ceramic tiles at the Closing Ceremony of 32^ndIntergovernmental Committee Vietnam – Cuba meeting, under witnesses of the Minister of Construction Trinh Dinh Dung, Vietnam ty so bong da the Minister of Foreign Trade ty so bong da Foreign Investment Rodrigo Malmierca Diaz Cuba

According to the MOU, Viglacera Corporation ty so bong da Cuban Building Materials Group will form a joint venture on the basis of capital ty so bong da technology contribution, ty so bong da at the same time bring Viglacera specialists to the two factories producing sanitary wares ty so bong da ceramic tiles.

It is expected that both parties will start required procedures for the joint venture establishment in 2015 ty so bong da the factories will be officially in operation in 2016. This is an important move of Viglacera in its foreign investment, especially in potential markets such as Cuba - the country currently in process of open integration, which is clearly demonstrated by its recent issuance of the new Investment Law.

Before signing the contract, in 2014, Viglacera has sent two teams of technical experts to support Cuban building material factories. In these short trips, Viglacera helped bring positive effects of product quality ty so bong da production capacity enhancement to the factories. In addition, the Minister of Foreign Trade ty so bong da Foreign Investment Rodrigo Malmierca Diaz Cuban, Co-Chairman of the Cuba – Vietnam Cooperation Division has visited ty so bong da worked at Viglacera Cooperation ty so bong da wished to tighten relationships ty so bong da accelerate cooperation between two parties.

The cooperation between Viglacera Cooperation ty so bong da Cuban Building Material Group has been very positive ty so bong da effective, especially with the support of the ministries ty so bong da departments in Cuba ty so bong da Vietnam.