According to the agenda, on Saturday, the Cuban trade unionists will visit the Vietsovpetro joint venture, established in June 1981 by virtue of an intergovernmental agreement between Vietnam and the then Soviet Union.

Scientific research, prospecting, geological exploration drilling, field design and development, oil and gas exploitation, and the collection and treatment of oil, gas, and condensate are the main fields of activity of the enterprise, which is based in the Thang Nhi Commune.

Since the beginning of operations, Vietsovpetro, which runs nine oil fields with commercial value, has produced more than 242 million tons of crude oil and its oil sales exceed 84.7 billion dollars.

The CTC delegation met on Friday with the president of the People’s Committee in Ho Chi Minh City, Phan Van Mai, who reiterated the city’s willingness to encourage companies from the territory to invest in Cuba, and invited Cuban enterprises to look for investment opportunities there.

Van Mai also confirmed that that Ho Chi Minh City will send business delegations to Cuba to exchange experiences, provide technical and technological support, and help develop high-tech agriculture to guarantee national food security.

Guilarte, in turn, expressed desire to learn from Vietnam’s socioeconomic experiences, especially the reform policies implemented since the 6th National Congress of the Communist Party, and repeated the permanent support from Cuba’s leaders, people and workers for Vietnam.

On Friday, the Cuban trade union delegation held a working session with unionists from companies with foreign investment, who belong to Ho Chi Minh City’s Labor Confederation, in the High Technology Park and the New Urban Zone of An Phu-An Khanh , in the city of Thu Duc.

The delegation from the Cuban Workers’ Confederation will continue on Sunday in Da Nang province, where it will stay until Tuesday to visit an automobile factory and a rubber producing company, in addition to holding meetings with local authorities.

jg/ro/mpm