Vietnam, Algeria step up trade-investment cooperation
Vietnamese trade counsellor Hoang Duc Nhuan (R) talks with President of the chamber of commerce and industry of Boumerdes province Charef Rabah - Photo: VNA |
He invited Algerian enterprises to several trade events this year such as the Vietnam Food Expo and Vietnam Expo in Ho Chi Minh City, and introduced them to prestigious Vietnamese exporters.
According to the General Department of Vietnam Customs’ statistics, the 2023 two-way trade surged 68% year-on-year to some 250 million USD.
Meanwhile, President of the chamber of commerce and industry of Boumerdes province Charef Rabah said that the locality, boasting many industrial parks that house more than 14,800 enterprises, is an important trade and industry pole of Algeria.
The province is renowned for honey, olive oil, and cheese, he said, highlighting several local firms are importing coffee from Vietnam and exporting chicken legs to the country.
He also said that the locality holds huge potential to develop agriculture and tourism, and has benefitted from its 1.3-billion-USD development programme with 653 projects on healthcare, public facilities, sports, education, housing, agriculture and tourism, among others.
A representative from the local department of investment highlighted Algeria’s investment law adopted in 2022, including improvement in investment climate, rational conditions to promote innovation, stable legal investment framework, and practical approach for the settlement of foreign direct investments.
The Boumerdes administration called on the Vietnamese firms to land investment in the locality, and committed to creating favourable conditions for foreign investors with various tax and industrial land lease inentives.
Enterprises from the province said they want to directly buy coffee, parboiled rice, soybean and corn from, and sell olive oil, dried fig, margarine, sauces, and cosmetics to the country.
They also hope to seek partners in such the areas as electronic product assembly, aquaculture and animal food production.
See also
Sri Lanka wishes to promote all-round cooperation with Vietnam
17:00 | 10/10/2024 Vietnam and other regions
Vietnam eyes enhancing theoretical exchanges with Azerbaijan, Belarus
10:59 | 02/10/2024 Vietnam and other regions
Vietnam wants enhanced all-round ties with Mongolia: Top leader
09:36 | 01/10/2024 Vietnam and other regions
Vietnam, Mongolia issue joint statement on establishing comprehensive partnership
09:18 | 01/10/2024 Vietnam and other regions
Top leader’s visit - important highlights of Vietnam-Mongolia 70-year ties
10:07 | 30/09/2024 Vietnam and other regions
Vietnam seeks cooperation opportunities with Tatarstan
09:27 | 30/09/2024 Vietnam and other regions
See more news
Top leader’s visit marks new milestone in Vietnam-Cuba relations: Party official
08:21 | 29/09/2024 Vietnam and other regions
Việt Nam, Cuba beef up parliamentary cooperation
16:36 | 28/09/2024 Vietnam and other regions
Vietnam, Algeria strengthen cooperation, friendship
09:07 | 27/09/2024 Vietnam and other regions
Vietnam-RoK continue to promote comprehensive strategic partnership
17:12 | 26/09/2024 Vietnam and other regions
Việt Nam fosters cooperation with China’s Chongqing city
08:52 | 25/09/2024 Vietnam and other regions
Vietnam and Malawi establish diplomatic relations
17:05 | 24/09/2024 Vietnam and other regions
Vietnamese Deputy PM engages in bilateral meetings at UNGA 79
16:51 | 23/09/2024 Vietnam and other regions
Top leader’s Cuba visit to open up new period for bilateral ties: ambassador
15:46 | 23/09/2024 Vietnam and other regions
Vietnam-US comprehensive strategic partnership for peace, cooperation and sustainable development
09:51 | 23/09/2024 Vietnam and other regions
PM receives new DPRK Ambassador
15:32 | 22/09/2024 Vietnam and other regions
Ca Mau Province accelerates public investment disbursement
17:29 | 11/10/2024 Investment
East Asian Summit calls for cooperation to enhance mutual understanding
17:22 | 11/10/2024 Cooperation
PM attends 12th ASEAN-US Summit in Vientiane
17:18 | 11/10/2024 News and Events
Vietnam ready to turn off 2G service
16:34 | 11/10/2024 Science - Technology
WTO highlights Vietnam’s role in restructuring of global supply chains
14:37 | 11/10/2024 Trade
Multimedia
Hanoi Liberation: Important milestones
15:39 | 09/10/2024 Infographic
Vietnam makes active contributions to ASEAN development
09:15 | 09/10/2024 Infographic
France becomes Vietnam's 8th Comprehensive Strategic Partner
08:57 | 08/10/2024 Cooperation
Two historic battles of the capital’s armed force and people
09:53 | 07/10/2024 Infographic
Numerous cultural, tourism activities to welcome 70th Hanoi’s Liberation Day
10:43 | 05/10/2024 Infographic
Multiple laws under review for revisions
08:55 | 11/10/2024 Policy
Top leader attends Hà Nội's Liberation Day anniversary, highlights potential to drive growth
20:31 | 10/10/2024 Policy
Vietnam, Cuba bolster defence cooperation
16:36 | 10/10/2024 Policy
NA urges capital market revitalisation
20:15 | 09/10/2024 Policy
MoIT approves price framework to purchase electricity from Laos
08:38 | 11/10/2024 Energy
Foreign investors interested in green development, semiconductor industry in Vietnam
17:34 | 09/10/2024 Industry
Việt Nam seeks Japan's cooperation in hydrogen energy development
14:33 | 09/10/2024 Energy
Việt Nam's industrial production saw positive growth in nine months
14:20 | 08/10/2024 Industry
Ca Mau Province accelerates public investment disbursement
17:29 | 11/10/2024 Investment
HCM City approves US$9b Cần Giờ coastal urban development project
10:04 | 11/10/2024 Investment
Bac Ninh leads nation in FDI attraction in nine months
18:05 | 09/10/2024 FDI
Total social investment capital disbursed in nine months up 6.8%: GSO
14:41 | 08/10/2024 Investment
PM urges WB to provide concessional loans for key infrastructure projects
08:52 | 11/10/2024 Finance-Banking
DIC Corp completes buyback of $18.6 million in bonds
09:25 | 10/10/2024 Finance-Banking
Update on exclusive partnership between Manulife Vietnam and Techcombank
14:52 | 08/10/2024 Finance-Banking
VPBank, LOTTE C&F cooperate to provide financial service with “Buy now pay later” product
09:31 | 07/10/2024 Finance-Banking
Leveraging power of community to protect unique Yok Đôn ecosystem
14:49 | 09/10/2024 Environment
Little cooperation from zoo operators in mass deaths of tigers, lions, panther: authorities
09:18 | 08/10/2024 Environment
Issuing “passports” for forest visits
22:12 | 05/10/2024 Environment
Vietnam’s forestry sector leads in achieving net negative emissions
09:16 | 04/10/2024 Environment
Vietnam ready to turn off 2G service
16:34 | 11/10/2024 Science - Technology
Digital infrastructure strategy approved
09:50 | 11/10/2024 Science - Technology
Vietnam, India seek further development through sci-tech cooperation
09:46 | 11/10/2024 Science - Technology
Digital transformation creates new momentum for national development
16:35 | 10/10/2024 Science - Technology
Implementation of Red River Delta Region Planning approved
09:00 | 11/10/2024 Society
Nine Vietnamese universities make global rankings 2025
17:05 | 10/10/2024 Society
Hanoi develops as dynamic, pioneering, innovation city: Int’l media
11:33 | 10/10/2024 Metropolis
Hà Nội's remarkable transformation after 20 years
11:25 | 10/10/2024 Metropolis
Fifteen Vietnamese banks named in the global top 500 banking brands
16:24 | 10/10/2024 Vietnamese Brands
Việt Nam's second rice brand enters picky Japanese market
09:03 | 10/10/2024 Vietnamese Brands
Ben Tre to export first batch of fresh coconuts to China in October
09:41 | 08/10/2024 Vietnamese Brands
Mê Linh harnesses the potential of OCOP products
09:36 | 07/10/2024 Vietnamese Brands
Việt Nam promotes location opportunities at Busan International Film Festival
09:41 | 11/10/2024 Culture
Hanoi – World’s Leading Culinary City Destination
16:15 | 10/10/2024 Lifestyle
Pride and patriotism: the ‘expat’ view
09:19 | 10/10/2024 Culture
German Film Awards winner opens Kinofest in Hà Nội
09:16 | 10/10/2024 Culture
Hà Nội develops tour to explore Thường Tín’s craft villages
09:32 | 11/10/2024 Tourism
Vietnam Airlines promotes tourism in Germany
09:27 | 10/10/2024 Tourism
Việt Nam sees surge of tourists from visa-exempt countries in 2024
09:46 | 08/10/2024 Tourism
Cultural tourism requires more investment to become cultural industry
09:24 | 08/10/2024 Tourism