In oil exploration and drilling, Vietnam is the latest partner of Cuba in the Gulf of Mexico. Recently, Chief of the communist party of Asian nation has visited and it was one of the various agreements that were signed. On Friday, Defence Minister Raul Castro has greeted Nong Duc Manh in the signing ceremony. Other deals were also made, such as covering sports, culture, rice production and telecommunications. Limited details are being revealed by the state oil companies Cuba Petroleos and Petrovietnam. It has also been declared that it is a partnership for exploration as well as drilling in Gulf of Mexico and on shore. Other foreign companies with whom Cuba has formed partnerships are Spanish-Argentine Repsol YPF, ONGC Videsh Ltd. of India and Sherritt International Corp. of Canada. Durinh the visit, there was also a meeting between Manh and Vice President as well as Cabinet Secretary Carlos Lage. While this Latin American Tour, Vietnamese leader will also stop in Chile, Brazil and Venezuela. Although, there is huge difference in the economic systems of both the communist nations, still they are good partners. To make their relationship more powerful, Vietnam is getting ready for market reforms, whereas Cuba would continue with its centralized economy with limited number of private enterprise. Image Via:iht