Celebration: Venezuela celebrates its Independence Day

Venezuela celebrates its Independence Day today. This event is celebrated with fireworks, family gatherings, cultural shows, street parties, and parades.

Located at the north end of the South American continent, Venezuela has an enormous potential for development and investment. The country's strategic proximity to Latin American and Caribbean markets and its relatively short distance from North America and Europe make it an ideal place for international business operations.

Venezuela's fight for independence started in 1810. On July 5, 1811, independence was formally declared and the First Venezuelan Republic came into being.

Venezuela has a mixed economy which is dominated by the petroleum sector which accounts for roughly a third of Gross Domestic Product (GDP), around 80% of exports, and more than half of government revenues. Venezuela is a founding member of the Organization of the Oil Exporting Countries (OPEC) and is one of the world's leading oil exporters.

The Manila Bulletin, led by its Chairman of the Board of Directors Dr. Emilio T. Yap, President and Publisher Atty. Hermogenes P. Pobre, Executive Vice President Dr. Emilio C. Yap III, Editor-in-Chief Dr. Cris J. Icban Jr., Business Editor Loreto D. Cabañes, Officers and Employees, congratulate the government and people of the Bolivarian Republic of Venezuela led by Their Excellencies President Nicolas Maduro, Vice President Jorge Arreaza, Foreign Affairs Minister Elias Jaua, and Commerce Minister Alejandro Flemming, and their Embassy in the Republic of the Philippines headed by H.E., Charge d'Affaires Yelitza Ventura Polanco, on the occasion of its Independence Day. CONGRATULATIONS AND MABUHAY!