Vietnamese embassy explores businesses opportunities in Algerian localities
The Vietnamese Embassy in Algeria held a working trip to Constantine and Bordj Bou Arreridj provinces from July 21-23 to explore market potential, promote trade and foster connections between Vietnamese and Algerian firms.
Governor of Constantine Abdelkhalek Sayoda (second from left) receives the Vietnamese delegation. (Photo: VNA)
Algiers (VNA)✨ - The Vietnamese Embassy in Algeria held a working trip to Constantine and Bordj Bou Arreridj provinces from July 21-23 to explore market potential, promote trade and foster connections between Vietnamese and Algerian firms.
Meeting Governor of Constantine Abdelkhalek Sayoda, Vietnamese Ambassador to Algeria Tran Quoc Khanh highlighted the promising spheres for bilateral cooperation, including pharmaceuticals, tourism, agriculture, construction, labour and freshwater aquaculture, as encouraged by President Abdelmadjid Tebboune.
Sayoda praised Vietnam's economic and trade achievements. He noted that both nations are at similar developmental stages and emphasised the need for enhanced economic and trade collaboration to bring Vietnam and Algeria closer together.
Expressing his desire to establish a twinned relationship with a suitable Vietnamese locality, he welcomed all forms of cooperation and encouraged people-to-people exchanges. The governor also urged Vietnamese firms to join cultural, art, and tourism events in Constantine to gain a deeper understanding of the local culture, lifestyle and people.
President of the Constantine Chamber of Commerce and Industry (CCI) Souici Larbi underlined Algeria's interest in financial cooperation with Vietnam, saying that that both Constantine and Algeria are ready to welcome Vietnamese government leaders or officials from ministries to the country to sign cooperation agreements in this field.
Larbi pointed out the interest of Constantine enterprises in industrial machinery, noting that local companies are ready to diversify their partnerships if Vietnamese firms can meet the required technical standards.
Representatives of Constantine firms also expressed interest in collaborating in personnel training for restaurants and hotels, higher education, agriculture, and business incubation via fostering partnerships between universities in Constantine and those in Ho Chi Minh City, Can Tho, and Da Nang cities of Vietnam.
In Bordj Bou Arreridj, the Vietnamese delegation was briefed on the province's investment incentives under Algeria's updated Investment Law 2022 by President of its Chamber of Commerce and Industry Belouahri Radjeh.
Vietnamese firms accompanying the delegation explored potential cooperation with local companies in pharmaceuticals, industrial machinery and equipment, construction, and labour export.
During the trip, the delegation also introduced several halal-certified products from Vietnamese companies, inviting local friends to taste these products./.
Vietnam and Algeria hope to enhance intergovernmental projects and cooperation in several areas, heard a meeting in Hanoi on July 26 between Minister of Construction Nguyen Thanh Nghi and Algeria's Minister of War Veterans and Rights Holders Laid Rebigua who attended the state mourning of Party General Secretary Nguyen Phu Trong.
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The Party chief underscored the need for the press to innovate relentlessly, evolve to keep pace with the country's development, transform into a truly professional, humanistic, and modern sector that serves the cause of the Party, the State, and the people on the path to national construction and development.
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Nghia affirmed that this is a milestone of special significance, affirming and honouring the the Vietnamese revolutionary press’s glorious tradition of 100 years of serving the revolutionary cause of the Party, serving the Fatherland, and serving the people.
The Party and State of Vietnam always attach great importance to and give top priority to the development of Vietnam–China relations. Vietnam is ready to work with the Chinese Party and State to further deepen the Comprehensive Strategic Cooperative Partnership and promote the building of the Vietnam-China community with a shared future that carries strategic significance.
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Deputy PM Le Thanh Long proposed countries promote shared values, including building trust, sincerity, and solidarity among nations and peoples; fostering cooperation spirit and responsible behaviour as well as upholding international law and the UN Charter; and placing people at the centre and as the goal, the key player, and the driving force of all policies.
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