Cuba has leased 3,000 hectares of farmland to a Vietnamese company for rice cultivation, marking the first such deal since the 1959 revolution. The move aims to boost rice production in the island nation, which has faced shortages due to economic hardship and a lack of imports. The venture is also notable for its direct hiring of labor, bypassing the state-run hiring hall system.
Cuba said on Wednesday it had leased farmland to a Vietnam ese company to grow rice, a first since the 1959 revolution which kicked all foreign landowners out.
“For the first time, a process of handing over land to a foreign company is being carried out to take charge of its cultivation,” engineer Jorge Feliz Chamizo, who is the deputy director of the Granos de Los Palacios agroindustrial company, was quoted as stating.But the import dependent county’s main staple has been in short supply in recent years due to an economic depression sparked by a lack of convertible currency to import food, fuel, spare parts, raw materials and agricultural inputs.
Granma also reported the venture would be the first to hire labor directly, instead of through a state-run hiring hall. Foreign investment has declined in recent years due to tougher U.S. sanctions, according to the government, though no statistics are available.
Cuba Vietnam Agriculture Foreign Investment Rice Production
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