Business

Vietnamese enterprises encouraged to invest in Algeria

Vietnam and Algeria hope to enhance intergovernmental projects and cooperation in several areas, heard a meeting in Hanoi on July 26 between Minister of Construction Nguyen Thanh Nghi and Algeria's Minister of War Veterans and Rights Holders Laid Rebigua who attended the state mourning of Party General Secretary Nguyen Phu Trong.

Minister of Construction Nguyen Thanh Nghi and Algeria's Minister of War Veterans and Rights Holders Laid Rebigua, Hanoi, July 26 (Photo: VNA)
Minister of Construction Nguyen Thanh Nghi and Algeria's Minister of War Veterans and Rights Holders Laid Rebigua, Hanoi, July 26 (Photo: VNA)

Hanoi (VNA) – Vietnam and Algeria hope to enhance intergovernmental projects and cooperation in several areas, heard a meeting in Hanoi on July 26between Minister of Construction Nguyen Thanh Nghi and Algeria's Minister of War Veterans and Rights Holders Laid Rebigua who attended the state mourning of Party General Secretary Nguyen Phu Trong.

The Algierian official expressed his condolences on the passing of the late leader, highlighting his position in both Vietnam and Algeria.

The Vietnamese minister thanked the sound sentiment of Algeria for the deceased and emphasised the deep bond between the two nations. He noted that Vietnam and Algeria share a strong traditional friendship and cooperation in trade, diplomacy, agriculture, industry, and construction. This partnership is facilitated by the Vietnam-Algeria intergovernmental committee, which has held 12 meetings to discuss various cooperative initiatives.

The 12th meeting, held in Hanoi in October 2023, resulted in 15 draft memoranda and commitments to regular delegation exchanges to strengthen mutual understanding. Recent activities included discussions with Vinfast automaker and the signing of a cooperation agreement with the Institute of Traditional Medicine Research.

Additionally, locality-to-locality cooperation has been strengthened, exemplified by a twinning and cooperation agreement between Dien Bien province in Vietnam and Algeria's Batna province.

As the chair of the Vietnam-Algeria Intergovernmental Committee, the Ministry of Construction will continue to promote cooperation in the agreed areas and implement the outcomes of the 12th meeting, enhancing the bilateral relationship.

Minister Nghi expressed his hope for increased cooperation and experience sharing, particularly in the housing sector.

The Algerian Minister affirmed the long-standing and strong cooperative relationship between the two countries, demonstrated by 21 agreements signed. Algeria has also fostered bilateral visits and cooperation in energy, law, and other fields.

He expressed his commitment to further promoting Vietnam-Algeria intergovernmental projects, enhancing trade and investment, and encouraging Vietnamese businesses to invest in Algeria's commercial market.

Nghi reiterated Vietnam's commitment to enhancing cooperation with Algeria, aiming to elevate the bilateral relationship to new heights./.

source
#VNA
Follow VietnamPlus

Post-pandemic recovery

Related News

Vietnamese Party official Lai Xuan Mon (L) and Secretary General of Algeria’s National Liberation Front (FLN) Party Abdelkrim Benmbarek (Photo: VNA)

Vietnam, Algeria bolster multi-faceted cooperation

Member of the Communist Party of Vietnam (CPV)’s Central Committee and deputy head of its Commission for Information and Education Lai Xuan Mon paid a working trip to Algeria from May 14 to 19.

See more

A Vietcombank employee guides a client in biometric process (Photo: qdnd.vn)

Vietnam's biometric surge powers digital banking overhaul

As the Party identified breakthroughs in science – technology and innovation as a key driver of national progress, the mastery and adoption of biometric technologies must go hand in hand with safeguarding public trust, data security, and citizens’ interests, all aligned with the people-first philosophy guiding the country's digital agenda.

The Ministry of Finance is working to establish a mechanism for regular and ongoing dialogue with international credit rating agencies, including Fitch, Moody’s and S&P. (Illustrative image: VNA)

Fitch Ratings upgrades Vietnam’s senior secured long-term debt rating to BBB-

The rating for Vietnam’s secured long-term debt was raised to BBB-, equivalent to investment grade, one notch higher than the country’s long-term foreign-currency rating on unsecured debt, which remains at BB+. The upgrade followed Fitch’s review under its revised Sovereign Rating Criteria issued in last September, said the Ministry of Finance.

A view of the site where the Ninh Thuan 1 Nuclear Power Plant is located in Phuoc Dinh commune, Khanh Hoa province (Photo: VNA)

Nuclear experts urge century-long commitment at 14th Party Congress

VietNuc’s executive board, including Chairman Bui Nguyen Hoang from the Électricité de France SA (EDF) (EDF), Ung Quoc Hung from Setec Nucléaire Group, and Vu Minh Ngoc from French National Radioactive Waste Management Agency Andra, hoped that the Congress would refine mechanisms and policies to better tap OV nuclear talents.

Ahmad Haikal Hasan, Head of the Halal Product Assurance Organising Agency (BPJPH) of Indonesia, speaks at the seminar (Photo: VNA)

Indonesia ready to cooperate with Vietnam in halal sector

Ahmad Haikal Hasan, Head of the Halal Product Assurance Organising Agency (BPJPH) of Indonesia, described Vietnam as a “potential supplier” of halal products with the capacity to play a larger role in the market, particularly in the fast-moving consumer goods (FMCG) sector. He revealed a plan to visit Vietnam next week to discuss the country’s progress in the global halal industry.

Delegates perform the opening ceremony. (Photo: VNA)

Thailand Week 2026 opens in Hanoi

The event brings together more than 100 companies, including Thai enterprises and Vietnamese importers, across about 120 booths. It features a wide range of Thai products aligned with consumer trends in Vietnam, including food and beverages, health and beauty, mother-and-baby and pet products, fashion and jewellery, household goods and tourism services.

Illustrative image (Photo: VNA)

Vietnam remains Singapore’s third-largest seafood supplier in 2025

Data released by the Accounting and Corporate Regulatory Authority of Singapore (ACRA) show that Singapore spent 125.5 million SGD (97.7 million USD) importing seafood from Vietnam last year, up 10.7% year on year, accounting for 10.3% of the city-state’s total seafood import market.

Workers assemble mobile phone components at Diem Thuy Industrial Park in the northern province of Thai Nguyen. (Photo: VNA)

Electronics exports surpass 107 billion USD in 2025

With an export turnover of 107.75 billion USD in 2025, computers, electronic products and components not only maintained their position as Vietnam’s largest export by value, but also contributed more than half of the overall increase in the country’s export turnover in 2025.

Experts said that Vietnam’s economic outlook continues to be underpinned by stable foreign direct investment inflows and public investment, which is playing an important role in driving growth. (Photo: thoibaotaichinh.vn)

Foreign investors maintain strong confidence in Vietnam’s market

Looking ahead to 2026, prospects remain bright as manufacturing, economic growth and foreign investment in Vietnam are expected to stay robust, with the country forecast to post the highest growth rate in the region this year, according to Adam Sitkoff, Executive Director of the American Chamber of Commerce (AmCham) in Vietnam.