Vietnam boosts trade promotion in Algerian locality
Alger (VNA) - The Vietnam Trade Office in Algeria coordinated with the Chamber of Commerce and
Industry of Algeria's Béjaia province organised a seminar on April 2 to introduce economic
and trade cooperation potential between the two countries.
Chairman of the chamber Mamasse Samir said with 100 km of coastline, the locality has huge potential
for tourism development.
Enterprises in Béjaia mainly operate in the
areas of the food industry, wood and paper, metallurgy, mechanics, electricity,
electronics, construction materials, and textiles, he said, adding that several
local companies are importing coffee and spices from Vietnam.
He called on Vietnamese businesses to invest in the Algerian locality, and cooperate
with local partners based on mutual benefit, affirming that Béjaia always
creates favourable conditions for foreign investors with many incentives on taxes and industrial land leasing.
Trade Counselor Hoang Duc Nhuan briefed participants on Vietnam's
economic and foreign trade situation and the trade and investment cooperation
relationship between the two countries. The two-way trade between Vietnam
and Algeria reached an estimated 250 million USD in 2023, up 68% year-on-year.
Nhuan also provided information to and invited Algerian businesses to attend an
exhibition on connecting international supply chains (Vietnam International
Sourcing) from June 6-8, 2024 in Ho Chi Minh City.
At the event, the office also displayed catalogs and samples of
coffee, pepper, cashew nuts, cinnamon, anise, coconut meat, and plywood of Vietnamese
businesses.
Businesses in Béjaia expressed their interest in importing raw coffee, cashew
nuts, sugar, soybeans, sunflower seeds, bags, packages, and materials for cork
production; sporting products from Vietnam; and seeking partners in the fields
of textile production and agricultural processing, refrigeration equipment,
logistics, and tourism.
They said they wish to export olive oil, caromic powder, margarine, and sauces
to Vietnam./.