Vietnam promotes trade, investment ties with Algerian province
The Vietnamese Embassy in Algeria held a meeting to introduce potential for bilateral cooperation and trade and investment ties between the two nations in Médéa province on July 30.
The delegation of the Vietnamese Embassy in Algeria visits a agricultural product processing and exporting company in Médéa province on July 30 (Photo: VNA)
Algiers (VNA) – The Vietnamese Embassy in Algeriaheld a meeting to introduce potential for bilateral cooperation and trade andinvestment ties between the two nations in Médéa province on July 30.
The event was attended by leaders of the Médéa Chamber ofCommerce and Industry and about 50 local businesses.
In his speech, Vietnamese Ambassador Pham Quoc Tru noted thecountries’ long-standing friendship, stressing the potential fields they canenhance partnerships in, including agriculture, industry and tourism.
He called for stronger cooperation to boostbilateral trade as expectations of senior leaders of both nations.
Médéa entrepreneurs asked for more information about theVietnamese market, especially investment procedures and import tariffs. Theysaid they want to increase collaboration with the Vietnamese side to exportagricultural products (grapes, apples, olive oil, wine and chicken), ceramics,animal food, apparel and footwear to the Southeast Asian nation.
Benrekia Mohamed, Chairman of the Médéa Chamberof Commerce and Industry, called on Vietnamese companies to step up investmentin the province, particularly in mining, processing farm produce and sharingexperience in ceramics production.
Tru said the Vietnamese Embassy will provide the bestpossible conditions to help the two sides’ businesses strengthen connectionsand bolster trade and investment.
He also invited Médéa travel firms to take partin the Vietnam-Algeria tourism cooperation forum, scheduled to be held inAlgiers this November.
Also on July 30, the embassy’s officials visited ECD Foods,an agricultural product processor and exporter in Médéa, whose leaders also expressedinterest in the Vietnamese market and asked for favourable conditions topromote trade ties with Vietnamese companies.–VNA
Vietnam and Algeria need to make stronger actions to further promote their economic cooperation and bilateral partnership in line with the two newly emerging economies’ existing potential, said Algerian Foreign Minister Abdelkader Messahel.
Algerian Foreign Minister Abdelkader Messahel expressed his wish to foster ties with Vietnam in the fields of politics-diplomacy, trade, investment, oil and gas, and labour during his talks with Deputy Prime Minister and Foreign Minister Pham Binh Minh in Hanoi on July 13.
Vietnam hopes to strengthen its cooperation with Algeria across many key sectors, particularly economy and trade, to match the success of their bilateral political ties, Prime Minister Nguyen Xuan Phuc told visiting Algerian Foreign Minister Abdelkader Messahel.
Vietnam and Algeria should work to remove bottlenecks for investment and trade activities as well as complete a legal framework of support measures so businesses from both sides can enter each other’s market.
Algerian Minister of Tourism and Craft Industry Abdelkader Benmessaoud on July 26 received Vietnamese Ambassador Pham Quoc Tru in Algiers, who came to discuss expanding cooperation between the two countries, particularly in tourism.
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The delegation of the Vietnamese Embassy in Algeria visits a agricultural product processing and exporting company in Médéa province on July 30 (Photo: VNA) 
