Vietnam promotes trade, investment ties with Algerian province

The Vietnamese Embassy in Algeria held a meeting to introduce potential for bilateral cooperation and trade and investment ties between the two nations in Médéa province on July 30.
Vietnam promotes trade, investment ties with Algerian province ảnh 1The delegation of the Vietnamese Embassy in Algeria visits a agricultural product processing and exporting company in Médéa province on July 30 (Photo: VNA)

Algiers (VNA) – The Vietnamese Embassy in Algeriaheld a meeting to introduce potential for bilateral cooperation and trade andinvestment ties between the two nations in Médéa province on July 30.

The event was attended by leaders of the Médéa Chamber ofCommerce and Industry and about 50 local businesses.

In his speech, Vietnamese Ambassador Pham Quoc Tru noted thecountries’ long-standing friendship, stressing the potential fields they canenhance partnerships in, including agriculture, industry and tourism.

He called for stronger cooperation to boostbilateral trade as expectations of senior leaders of both nations.

Médéa entrepreneurs asked for more information about theVietnamese market, especially investment procedures and import tariffs. Theysaid they want to increase collaboration with the Vietnamese side to exportagricultural products (grapes, apples, olive oil, wine and chicken), ceramics,animal food, apparel and footwear to the Southeast Asian nation.

Benrekia Mohamed, Chairman of the Médéa Chamberof Commerce and Industry, called on Vietnamese companies to step up investmentin the province, particularly in mining, processing farm produce and sharingexperience in ceramics production.

Tru said the Vietnamese Embassy will provide the bestpossible conditions to help the two sides’ businesses strengthen connectionsand bolster trade and investment.

He also invited Médéa travel firms to take partin the Vietnam-Algeria tourism cooperation forum, scheduled to be held inAlgiers this November.

Also on July 30, the embassy’s officials visited ECD Foods,an agricultural product processor and exporter in Médéa, whose leaders also expressedinterest in the Vietnamese market and asked for favourable conditions topromote trade ties with Vietnamese companies.–VNA
VNA

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