The Government of the Socialist Republic of Vietnam and the Government of the Republic of Cuba, hereinafter referred to as "the Contracting Party",

Desiring to create favorable conditions for increasing economic cooperation between both countries, and particularly for the investments by investors of one Contracting Party in the territory of the other Contracting Party, and

Recognizing that the promotion and mutual protection of such investments under this Agreement shall encourage entrepreneurial initiatives which shall fosters prosperity for both Contracting Parties,

Have agreed as follows: