Seminar held to promote Vietnam - Algeria economic relations

The Vietnam Trade Office in Algeria and the Chamber of Commerce and Industry of Algeria’s Annaba province have recently held a seminar to introduce the potential for trade and investment partnerships between the two countries.

An overview of the seminar

Mohamed Biar, Vice President of the Annaba Chamber of Commerce and Industry, briefed participants about his province's economic potential as well as investment opportunities in the fields of commerce, industry, agriculture and tourism.       

He expressed his hope that Vietnamese companies will invest in Annaba in such areas as aquaculture, mechanical manufacturing, tourism and agricultural product processing.

Addressing the event, Vietnamese Trade Counsellor Hoang Duc Nhuan highlighted the traditional friendship and multifaceted cooperation between Vietnam and Algeria. He wished to further promote bilateral trade and investment cooperation to be on a par with their sound political relations.

Algerian companies expressed their interest in importing aquatic products like tra fish (pangasius), tuna and shrimp, along with steel and railway equipment while exporting agricultural products such as date palm fruit, onion and garlic to Vietnam. They also hoped to collaborate with Vietnamese partners in the mining industry to produce cement and fertilisers and exploit rare earth.

At the seminar, the two sides also sought measures to beef up economic partnerships in the coming time, including promoting the exchange of business delegations, organising more business-matching events, creating favourable conditions for companies to participate in international fairs and exhibitions held in each country, providing market information and introducing business opportunities./.

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