Prime Minister Nguyen Tan Dung is scheduled to leave Algiers on June 2 afternoon (local time), concluding his official visit to Algeria at the invitation of his counterpart Abdelmalek Sellal.

In a joint press release issued on the occasion of the visit, both the Vietnamese and Algerian PMs highlighted the need to foster bilateral ties, especially in economy, trade and investment.

They agreed to back businesses of both sides to cooperate in all fields for mutual benefits, including agro-fishery, oil and gas, infrastructure building, renewable energy and metallurgy.

The two sides expressed delight at the inauguration of gathering system of Bir Seba oil development project – a vivid manifestation of the sound bilateral partnership that both leaders hope to further expand to other areas in the future.

Both sides shared the determination to raise two-way trade to 1 billion USD in the coming time and create a balance in trade.

They underscored the stance of peacefully settling disputes without using or threatening to use force, respecting sovereignty and territorial sovereignty of countries as well as the right to self-determination of nations in line with the UN Charter, international law and the spirit of the Non-Aligned Movement that both Vietnam and Algeria are members.

The two countries support all initiatives towards this targets in all regions in the world, as well as all efforts to ensure stability, security and maintain peace in the international arena.-VNA