Online conference promotes Vietnam-Algeria trade

The Vietnam Trade Promotion Agency (VIETRADE) under the Ministry of Industry and Trade on July 13 held a virtual conference to promote Vietnam-Algeria trade and business cooperation.
Online conference promotes Vietnam-Algeria trade ảnh 1Illustrative photo (Source: vneconomy.vn)
Hanoi (VNA) – The Vietnam Trade Promotion Agency (VIETRADE) under the Ministry of Industry and Trade on July 13 held avirtual conference to promote Vietnam-Algeria trade and business cooperation.  

Hoang Minh Chien, deputy head of the agency, said Algeria isone of the potential markets for Vietnamese goods in Africa, especially coffee,peppercorn, cashew nuts, and freshwater aquatic products, which Algeria has highdemand for but lacks capacity to produce.

Notably, coffee, accounting for 65% of Vietnam’s totalshipments to Algeria, is predicted to be the top Vietnamese product for exportto the market. Rice also sees good prospects as Algeria imports 100,000 tonnesof rice annually.

Chien said the two countries’ trade value remained modest comparedto their potential and strength. The figure was at 153 million USD last yeardue to impacts from the COVID-19 pandemic.

In the first half of 2022, Vietnam exported to Algeria 71.16 millionUSD worth of goods, mostly seafood, coffee, peppercorn, rice, chemical productsand metal.

Online conference promotes Vietnam-Algeria trade ảnh 2At the event (Photo: VNA)
Hoang Duc Nhuan, Trade Counselor of Vietnam in Algeria, saidthe bilateral cooperation was maintained over the past six decades acrosssectors and improved with the expanded exchange of delegations. 

The two sides have signed many important agreements on bilateraltrade, maritime transport, trade promotion, and visa exemption, among others.However, difficulties remain for their economic collaboration due to fargeographical distance and high transport costs. 

Nhuan suggested the two governments complete related legalframeworks, establish the Vietnam - Algeria business council, and enhance therole of their competent agencies.

More forums and conferences to raise public awareness on the two sides’ trade potential should be organised, while Vietnamese and Algerian firmsshould join trade fairs to find partners for linkage and investment, he added./.
VNA

See more

Lao government officials and representatives of Vietnamese businesses at the seminar (Photo: VNA)

Vietnamese firms eye investment in Laos

He reaffirmed Laos as a key investment destination for Vietnamese and global firms, highlighting opportunities in agriculture, tourism, logistics, and infrastructure.

Vice Chairman of the Bac Giang People's Committee Mai Son (Photo: bacgiang.gov.vn)

Bac Giang speeds up non-state budget investment projects

In the coming period, the northern province of Bac Giang will focus on addressing challenges to non-state budget investment projects and expediting their progress, affirmed Vice Chairman of the provincial People's Committee Mai Son.

Representatives from industry associations share insights on Vietnam’s market trends. (Photo: VNA)

Vietnam, Thailand boost industrial trade exchange

Trade between Vietnam and Thailand reached 20.18 billion USD in 2024, up 6.4% year-on-year. Thailand remained Vietnam’s top ASEAN trade partner, accounting for 24% of its total trade with the bloc.

Representatives from Lao and Vietnamese agencies at the signing ceremony. (Photo: VNA)

Vietnam, Laos strengthen energy cooperation

A 1,200 MW wind power plant in Nong district, Laos’ Savannakhet province is expected to export 1,526 kWh to Vietnam annually once its first phase completes by the end of 2027, and additionally 1,112 million kWh per year after its second phase becomes operational in 2030./

A view of the Hanoi skyline. While rental properties continue to be in demand, there has also been a notable rise in the number of foreigners looking to buy houses. (Photo: VNA)

Housing demand from foreigners in Hanoi rises

Over several years, Hanoi has increasingly become an attractive destination for foreign workers, with approximately 10,000 new foreign workers are granted licences to work in the city each year.