Algerian firms updated on business opportunities in Vietnam
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Algerian firms updated on business opportunities in Vietnam

Economy, Vietnam, Vietnam Finance News
Illustrative image (Source: VNA)

Algiers (VNA)
–  Algerian businesses have been updated on
Vietnam’s prestigious export firms, export-import related regulations and
business opportunities at a recent meeting in Oran city with Vietnamese
Ambassador to Algeria Pham Quoc Tru.

At a working session between Ambassador Tru and Chairman of the Oran Chamber of
Commerce and Industry Mouad Abed, both sides introduced the potential for
economic links between the two nations and discussed ways to boost bilateral

Mouad Abed lauded the visit, saying that this is a good chance for Algerian
firms to learn more about the Vietnamese market.

He also introduced his country’s economic reforms, which focus on diversifying the
economy to minimise dependence on the oil industry.

Algeria is looking to develop non-petroleum sectors such as agriculture, industry,
construction, tourism, ICT and renewable energy, he said.

On the occasion, Ambassador Tru informed participants about activities to be
held by the two countries to celebrate the 55th anniversary of
diplomatic ties, including the 11th session of the Vietnam-Algeria Intergovernmental Committee for economic cooperation
scheduled for September in Alger.

The two sides agreed to urge the two Governments to create favourable
conditions for enterprises to bolster cooperation, concentrating on perfecting
legal frameworks, spreading market information, making it easy for businesses
to participate in international fairs and exhibitions and settling
trade-related disputes.  

During their stay, the delegation worked with representatives from the international
fair and exhibition centre, during which director of the centre Ouaed Mohamed called
on Vietnamese enterprises to attend trade events in the city.

In his reply, Ambassador Tru said the embassy will send a list of international
fairs held in Vietnam to the centre and pledged to facilitate the two sides’ enterprises’
attendance at fairs and exhibitions in each country.

The Vietnamese
diplomat led a delegation to visit Oran city from June 15-17, aiming to step up
economic and trade cooperation between Vietnam and Algeria and with Oran in


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