Seminar held to promote Vietnam - Algeria economic relations: Trade Office

WVR/VNA - 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.

Mohamed Biar, Vice President of the Annaba Chamber of Commerce and Industry, briefed participants about his province's economic potential and investment opportunities with the Vietnam Trade Office in Algeria in commerce, industry, agriculture, and tourism.

Seminar held to promote Vietnam - Algeria economic relations  | Business | Vietnam+ (VietnamPlus)
An overview of the seminar. (Photo:

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 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 fertilizers and exploit rare earths.

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, organizing more business-matching events, creating favorable 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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(Source: WVR/VNA)