Viet Nam seeks trade opportunities with Algerian businesses

Enterprises in Viet Nam and Algeria will explore more business and trade opportunities with each other, said Vietnamese Ambassador to Algeria Pham Quoc Tru who led a delegation from the Embassy of Viet Nam visiting Oran City, Algeria.

During the visit, from June 15 to 17, Tru introduced Algerian businesses to prestigious Vietnamese export firms, export-import regulations and potential opportunities.

Both Tru and Mouad Abed, chairman of the Oran Chamber of Commerce and Industry, talked about the potential for economic links between the two nations, and discussed ways to boost bilateral ties.

Abed said the visit was a great opportunity for Algerian firms to learn more about the Vietnamese market.

He also spoke at length about economic reforms in the country, which is focused on diversifying the economy to minimise dependence on the oil sector. Algeria is looking to develop non-petroleum sectors such as agriculture, industry, construction, tourism, information and communication technology, and renewable energy, Abed said.

On the occasion, Tru also spoke about the joint activities to be organised by both nations to celebrate the 55th anniversary of their diplomatic ties, and the 11th session of the Viet Nam-Algeria Intergovernmental Committee for economic co-operation, scheduled for September in Alger.

The two sides will urge their governments to create more favourable conditions for enterprises to bolster co-operation; to perfect legal frameworks; to spread market information; to make it easy for businesses to participate in international fairs and exhibitions; and to settle trade disputes.

The delegation also met representatives of the Algerian International Fair and Exhibition Centre. Ouaed Mohamed, director of the centre, called on Vietnamese enterprises to attend the various trade events in the city.

Tru said the embassy would send a list of international fairs held in Viet Nam to the centre, and pledged to facilitate Vietnamese and Algerian enterprises’ attendance at fairs and exhibitions in the two countries. — VNS



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