Vietnam, Algeria to Expand Scope of Trade

There were 13 Vietnamese enterprises and 25 Algerian enterprises participated in this event. While they are from different business sector such as of agriculture, industrial goods, cosmetics..., all are interested in international trade activities.

According to data of Vietnam Customs, in the first 5 months of 2023, trade between the two countries reached about US $116 million, an increase of more than 80% compared to the same period last year.

Speaking at the conference, Vietnamese Trade Counselor in Algeria Hoang Duc Nhuan introduced the situation of trade and investment cooperation of Vietnam and the promising business opportunities for Algerian businesses.

According to Nhuan, the guests viewed catalogs and samples of Vietnamese companies on display at the Vietnam Trade Office and were highly appreciated the quality of Vietnamese products compared to those of some countries in Asia. Some of the most popular Vietnamese products imported to Algeria are solar battery, farbic, footwears and milk powder.

He also added that Algerian businesses want to export to Vietnam items such as dried dates and olive oils. In addition, Algerian businesses also called for Vietnamese businesses to cooperate and invest in their countries, especially in areas such as poultry farming, aquaculture, construction.

Representatives of Algerian companies at the event (Photo: Trung Khanh).

Delegates from both sides also expressed their desire to increase face-to-face transactions, discuss safe import-export payment measures, trust issues, and logistics in international trade activities.

On this occasion, the Vietnam Trade Office in Algeria also invited interested foreign businesses to visit the booth introducing Vietnamese goods at the 54th Algiers International Fair (FIA 54) taking place at Algiersl (Algeria's capital).

Some of the most popular Vietnamese products imported to Algeria are solar battery, farbic, footwears and milk powder (Photo: Trung Khanh).

Algerian businesses and investors are also welcomed toparticipating in the "Connecting international commodity supply chain" series of events (Vietnam International Sourcing 2023) organized by the Ministry of Industry and Trade, expected from September 13-15 in Ho Chi Minh City.

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