Business

Vietnam, Algeria boost bilateral trade

The Vietnam Trade Office in Algeria on June 18 held a trading conference in a hybrid format, with the aim of boosting trade cooperation between the two countries.
Vietnam, Algeria boost bilateral trade ảnh 1An overview of the event (Photo: VNA)
Algiers (VNA) – The Vietnam Trade Office in Algeria on June 18 held atrading conference in a hybrid format, with the aim of boosting trade cooperationbetween the two countries.

The event attracted the participation of 13 Vietnamesebusinesses and 25 Algerian firms operating in the import and export ofagricultural products, food, industrial products, fishing tools, and cosmetics.

Vietnamese Trade Counsellor in Algeria Hoang Duc Nhuanintroduced to participants the trade and investment cooperation situation betweenthe two countries and promising business opportunities.

Besides the need to import agricultural products, solarpanels, auto parts, footwear, powdered milk, and fabrics from Vietnam, Algerianbusinesses showed their hope to export dates, olive oil, flavourings, chickenfeet, lobsters, sea cucumbers.

They also called for Vietnamese businesses to cooperate andinvest in Algeria in poultry farming, aquaculture, and construction.

On this occasion, the Vietnam Trade Office also invitedAlgerian firms to visit a booth introducing Vietnamese goods at the 54thAlgiers International Fair (FIA 54) scheduled to be held from June 20-25 at theExhibition Palace Pins Maritimes, as well as participating in the VietnamInternational Sourcing 2023 to be organised by the Ministry of Industry andTrade from September 13-15 in Ho Chi Minh City.

According to data of the General Department of Vietnam Customs, in the first fivemonths of 2023, two-way trade reached about 116 million USD, up more than 80% year-on-year./.
VNA
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