Cuban president meets general director of GELEX Group

In reporting to President Bermúdez, Nguyen Van Tuan, the general director of GELEX Group and chairman of the Board of Directors of Viglacera Corporation, said that after six years of operation, the ViMariel Industrial Park, invested in by Viglacera (a member company of GELEX Group) in the Mariel Special Economic Zone, has contributed to boosting business activities, meeting the demand for goods in the Cuban market, and creating more jobs for Cuban workers.

General director of GELEX Group, Nguyen Van Tuan, met with Miguel Mario Díaz-Canel Bermúdez, First Secretary of the Communist Party and President of Cuba

In addition to the ViMariel Industrial Park, Viglacera established the Sanvig joint venture in November 2019, operating in the field of building materials. The Sanvig joint venture not only supplies goods to the domestic market, contributing to the development of the construction market in Cuba, but also exports products, bringing foreign currencies into Cuba.

During the meeting, President Bermúdez expressed excitement and welcomed GELEX, Viglacera, and Vietnamese enterprises to invest and cooperate in business in Cuba. The President of Cuba reiterated the friendly and genuine relationship between Vietnam and Cuba and declared that both governments were strongly supportive of investment and business cooperation.

Since the visit and working trip to Cuba in October 2024 by To Lam, General Secretary of Vietnam Communist Party, GELEX Group and Viglacera Corporation have promoted investment and cooperation with Cuba. In addition to the industrial park and building materials, cooperation in pharmaceuticals, especially biotechnology products, is a new direction. At the same time, GELEX along with Viglacera is also supporting Cuba in agriculture, energy, and technology.

The general director of GELEX Group expressed gratitude to President Bermúdez for the support of the Cuban government for the activities of GELEX and Viglacera in Cuba, expressing confidence in the investment and business prospects in Cuba and cooperation with Cuban enterprises, while also presenting several proposals to support businesses from both countries.

Vietnam is Cuba's second-largest Asian trade partner and the largest foreign investor from the Asian region in Cuba, with six implemented projects.

Cuba is committed to welcoming and accompanying Vietnamese investors. The Cuban government will seek solutions to facilitate Vietnamese enterprises investing in Cuba.

The ViMariel Industrial Park of Viglacera Corporation is Cuba's first time-limited concession initiative for a 100 per cent foreign-invested enterprise

GELEX Tower achieves LEED Platinum certification On November 15 in Hanoi, the representative of the US Green Building Council awarded the LEED Platinum v4.1 green building certification to the investor of the GELEX Tower building.

GELEX subsidiary to scale up operations after attracting $18 billion in FDI Viglacera Corporation, a member of GELEX Group, is implementing plans to increase its existing available land to facilitate the expansion of foreign investors, including global giants Samsung and Amkor.

GELEX named among companies with most notable M&A deals for 2024 GELEX was honoured along with 15 other businesses as conductors of outstanding deals this year at the 2024 Vietnam M&A Forum in Hanoi on November 27.