As many as 100 businesses operating in various fields participated in a Vietnam-Algeria business forum in Algiers on October 20.

At the event, Deputy Minister of Industry and Trade Tran Tuan Anh introduced Vietnam’s investment policies and outlined the country’s strengths and potential in producing, processing and exporting agricultural and aquacultural products.

He said businesses from both countries can exploit the opportunities on offer by boosting their trade partnership for mutual benefit.

Updating participants on the major features of investment and the market situation in Algeria, Ferroukhi Lyes, Director General of the Algeria National Investment Development Agency, stated that Vietnam can be a development role model to Algeria.

He said the Algerian Government is laying a firm foundation to build sustainable industry, striving to get rid of its oil-based economy and rethinking its export policies to expand into new and promising markets.

During their stay, Deputy Minister Anh and his delegation held working sessions with the Algerian Ministries of Foreign Affairs, Industry and Investment Promotion and Commerce.-VNA