Vietnam seeks investment opportunities in Haiti

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iron marketVietnam is looking into possibilities to invest in the Caribbean nation of Haiti, it turned out during a meeting of Haitian officials over trade, economy, finance and public works with Vietnamese counterparts on July 22 in Hanoi.

Both parties signed framework agreements that may lead to investment in the fields of energy, textile, food, information and electronics.

In the coming months, Haiti will host a business delegation from Vietnam, which will be led by Vietnam’s Prime Minister Nguyen Tan Dung. Investors will explore areas of cooperation, particularly in infrastructure, construction, finance and food security, officials said, as well as manufacturing opportunities in the industrial park in Caracol in the northeastern part of Haiti.

Haiti is a poverty-stricken nation in Central America with a GDP per capita of around $1,200 (in comparison, Vietnam’s GDP per capita is around $1,500.) The country relies on imports for half its food needs and 80 per cent of its rice, a field where Vietnam wants to push exports.

Apart from foreign aid, Haiti has income from tourism and from the country’s sole industrial park in Caracol, the largest in the Caribbean on 240 hectares with South Korean textile firms as main investors.

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Reading Time: 1 minute

Vietnam is looking into possibilities to invest in the Caribbean nation of Haiti, it turned out during a meeting of Haitian officials over trade, economy, finance and public works with Vietnamese counterparts on July 22 in Hanoi.

Reading Time: 1 minute

iron marketVietnam is looking into possibilities to invest in the Caribbean nation of Haiti, it turned out during a meeting of Haitian officials over trade, economy, finance and public works with Vietnamese counterparts on July 22 in Hanoi.

Both parties signed framework agreements that may lead to investment in the fields of energy, textile, food, information and electronics.

In the coming months, Haiti will host a business delegation from Vietnam, which will be led by Vietnam’s Prime Minister Nguyen Tan Dung. Investors will explore areas of cooperation, particularly in infrastructure, construction, finance and food security, officials said, as well as manufacturing opportunities in the industrial park in Caracol in the northeastern part of Haiti.

Haiti is a poverty-stricken nation in Central America with a GDP per capita of around $1,200 (in comparison, Vietnam’s GDP per capita is around $1,500.) The country relies on imports for half its food needs and 80 per cent of its rice, a field where Vietnam wants to push exports.

Apart from foreign aid, Haiti has income from tourism and from the country’s sole industrial park in Caracol, the largest in the Caribbean on 240 hectares with South Korean textile firms as main investors.

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