On the afternoon of August 31, Mr. Miguel Díaz-Canel, First Secretary of the Communist Party of Cuba and President of the Republic of Cuba, together with Minister of Health Đào Hồng Lan, visited the Genfarma factory at Hoa Lac High-Tech Park, Hanoi.
"Biological products and biotechnology from Cuba are fields with many achievements. Technology transfer will bring mutual benefits and promote the production of important medicines for the people of both Vietnam and Cuba," Mr. Miguel Díaz-Canel emphasized.
Overview of the visit and working session of the high-level Cuban delegation at the Genfarma Factory, located in Hoa Lac High-Tech Park, Hanoi. Photo: Genfarma
According to the assessment of both sides, receiving technology from Cuba will help enhance research and development capabilities for Vietnam’s pharmaceutical industry. Through the Genfarma project, people will also have the opportunity to access high-quality medicines at reasonable costs, especially medicines used in cancer treatment. In addition, with close and comprehensive cooperation between the pharmaceutical sectors of the two countries, this project will help strengthen pharmaceutical security and promote biotechnology in Vietnam, while opening the door for Cuba’s biotechnology and pharmaceutical technologies to fully realize their potential and advance into the global market.
In May, a joint venture agreement between BioCubaFarma S.A. of Cuba and Vietnamese enterprises was signed. Three months later, the project had largely taken shape, with modern facilities and a complete organizational structure.
BioCubaFarma has 51 subsidiaries and 9 joint ventures abroad, of which 6 overseas companies have manufacturing facilities. BioCubaFarma currently operates 164 production lines, including 11 overseas production lines, exports more than 300 products to over 40 countries, and has carried out technology transfer to Brazil, India, Venezuela, Algeria, China, Russia, Iran and Vietnam.
Mr. Miguel Díaz-Canel, First Secretary of the Communist Party of Cuba and President of the Republic of Cuba, far right, and Ms. Đào Hồng Lan, Minister of Health, third from left, visited the Genfarma factory on the afternoon of August 31. Photo: Genfarma
Minister Đào Hồng Lan emphasized that the project is a concrete step in realizing the consensus reached between the leaders of the two countries during General Secretary Tô Lâm’s visit to Cuba in September 2024.
First Secretary and President of Cuba Miguel Díaz-Canel Bermúdez is on a state visit to Vietnam starting from August 31. Tomorrow, he will attend the ceremony marking the 80th anniversary of the successful August Revolution and Vietnam’s National Day.