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Vietnam, Algeria have potential for cooperation in trade, industry, energy: Minister

Vietnam and Algeria have potential for cooperation in trade, industry and energy, according to Minister of Industry and Trade Nguyen Hong Dien.
Vietnam, Algeria have potential for cooperation in trade, industry, energy: Minister ảnh 1Minister of Industry and Trade Nguyen Hong Dien (Photo: Ministry of Industry and Trade)
Hanoi (VNA) – Vietnam and Algeria have potential for cooperation intrade, industry and energy, according to Minister of Industry and Trade NguyenHong Dien.

At a working session with Algerian Minister of PharmaceuticalIndustry AliA-un in Hanoi on October 17, Minister Dien highlighted that Algeria is thesecond largest trade partner of Vietnam in North Africa, with bilateral tradeaveraging over 160 million USD a year in the 2018-2022 period.

To promote cooperation in trade, industry and energy, the Vietnamese minister askedthe Algerian side to facilitate partnership between businesses operating inpetrol, oil and gas business.

He particularly asked Algeria to facilitate the partnership between PetroVietnam Exploration Production Corporation (PVEP) and the national state-owned oil company ofAlgeria –Sonatrach in oil and gas projects in Algeria, and to amendArticle 10 in the Vietnam-Algeria trade agreement.

Minister Ali A-un said he will work with the Vietnamese ministryand Algeria’s relevant agencies to consider the proposals of the Vietnameseside. He asked Vietnam to create favourable conditions for Algeria’s farmproduce to access the Vietnamese market.

He expressed interest in bilateral cooperation in oil and gas and pledged tosupport Vietnamese oil and gas companies when investing in Algeria./.


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