Vietnam a priority in Algeria’s economic development policies
Vietnam is always a priority in Algeria’s policy of developing economic-trade relations in Southeast Asia, Algerian Minister of Trade Mohamed Benmeradi said while receiving Vietnamese Ambassador to Algeria Pham Quoc Tru and Trade Counselor Hoang Duc Nhuan on November 14.
At a meeting between Algerian Minister of Trade Mohamed Benmeradi and Vietnamese Ambassador to Algeria Pham Quoc Tru and Trade Counselor Hoang Duc Nhuan (Source Vietnamese Embassy in Algeria)
Algiers (VNA) – Vietnam is always apriority in Algeria’s policy of developing economic-trade relations inSoutheast Asia, Algerian Minister of Trade Mohamed Benmeradi said whilereceiving Vietnamese Ambassador to Algeria Pham Quoc Tru and Trade CounselorHoang Duc Nhuan on November 14.
Benmeradi said Algeria wants to elevate bilateraltrade ties to the same level as their sound political relations.
He added that Algeria is diversifying its economy toavoid dependence on oil and gas. In 2018, the Algerian government will considerremoving its wood import ban.
To promote bilateral trade, the two sides agreed tocontinue improving legal frameworks, re-negotiate a bilateral free tradeagreement (inked in 1994), and facilitate businesses’ operations.
They decided to increase trade promotion activities,enable enterprises to partake in trade events in their respective countries,and inform each other about changes in new policies and trade measures.
Vietnam and Algeria also agreed to set up cooperativeties in the banking sector and build a coordination mechanism to helpbusinesses address trade disputes.
The aforesaid plans will be debated at theinter-governmental committee’s meeting, scheduled to take place in Algiers laterthis month.
Ambassador Tru said Vietnam exported 241 million USDworth of goods to Algeria in the first ten months of 2017, a year-on-year riseof 6.8 percent.
According to the General Department of VietnamCustoms, two-way trade increased 17 percent to reach 273.6 million USD in 2016,with Vietnam exporting 271 million USD worth of goods.-VNA
Vietnam’s exports to Algeria continued to grow by 29 percent year-on-year to 208 million USD in the first seven months of 2017 after rising by 37 percent in the first half of the year.
Over 50 local enterprises in tourism, and palm, rice, beverage, building materials and machinery production and business attended a conference for Vietnam-Algeria trade and investment promotion in Biskra province on October 5.
Vietnam’s aquaculture, fishery industry and seafood are on display at the seventh International Exhibition of Fishing and Aquaculture (SIPA 2017) which is underway in Oran, Algeria from November 9-12.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
At a meeting between Algerian Minister of Trade Mohamed Benmeradi and Vietnamese Ambassador to Algeria Pham Quoc Tru and Trade Counselor Hoang Duc Nhuan (Source Vietnamese Embassy in Algeria)
