Vietnam promotes business links with Algeria
Alger (VNA) – Vietnam’s Ambassador to Algeria Pham Quoc Tru said that Vietnam wants
to boost economic and trade links with Algeria in general and Oran city in
particular, in his working trip to Oran from November 28-30.
During his trip,
the Ambassador met representatives of around 30 local enterprises operating in import-export,
farm produce processing and construction to introduce to them potential trade
and investment opportunities in Vietnam.
He affirmed Vietnam’s
policy to boost trade exchanges with all countries in the world, including
African countries, on the win-win basis.
Tru stressed
that Vietnam-Algeria economic cooperation prospect is optimistic. Many
Vietnamese goods have become familiar with Algerian customers while Algerian
goods began to appear in Vietnam.
At a meeting
with Oran governor Zaafen Abdelghani, the ambassador asked Oran government to
create favourable conditions for Vietnamese enterprises to do business the city.
He also proposed
that Oran administration designate a suitable location to install a statue of
President Ho Chi Minh and soon form a sister relationship with a Vietnamese
city to further develop the relationship between the two countries.
Zaafen
Abdelghani agreed with recommendations from the Vietnamese side and highly
appreciated the relationship between the two countries.
He said he hoped
Vietnamese enterprises will come to seek business opportunities in Oran in
tourism, agriculture, construction, service, machinery and petrochemical.
Vietnam-Algeria
trade value reached 235 million USD in 2015 and 140.23 million USD in the first
half of 2016.
Vietnam exports
coffee, phones and phone parts, steel and pepper to Algeria and imported animal
feed, medicine, and natural mineral from the northern African country.
In terms of
investment, the Bir-Seba gas and oil joint venture between PetroVietnam,
Sonatrach (Algeria) and PTT (Thailand) went into operation in 2015, producing
18,000 barrels each day.-VNA