Vietnam wants to boost economic and trade links with Algeria in general and the city of Oran in particular, Vietnamese Ambassador to Algeria Pham Quoc Tru has said.
During his trip to Oran from November 28-30, the ambassador met representatives of around 30 local enterprises operating in import-export, farm produce processing and construction to introduce potential trade and investment opportunities in Vietnam to them.
He affirmed Vietnam’s policy of boosting trade exchanges with every country in the world, including African countries, on a win-win basis.
Ambassador Tru stressed that the outlook for Vietnam-Algeria economic cooperation is optimistic. Many Vietnamese goods have become familiar to Algerian customers, while Algerian goods have begun to appear in Vietnam.
At a meeting with Oran Governor Zaafen Abdelghani, the ambassador asked Oran’s loval government to create favourable conditions in which for Vietnamese enterprises to do business the city.
He also proposed that Oran’s local government designate a suitable location to instal a statue of President Ho Chi Minh and form a sister relationship with a Vietnamese city soon so as to further develop the relationship between the two countries.
Zaafen Abdelghani agreed with recommendations from the Vietnamese side and expressed his deep appreciation for the relationship between the two countries.
He said he hoped Vietnamese enterprises would come to seek business opportunities in Oran in tourism, agriculture, construction, service, machinery and petrochemicals.
Vietnam-Algeria trade value reached US$235 million in 2015 and US$.23 million in the first half of 2016.
Vietnam exports coffee, phones and phone parts, steel and pepper to Algeria and imported animal feed, medicine and natural mineral from the North African country.
In terms of investment, the Bir-Seba gas and oil joint venture between PetroVietnam, Sonatrach (Algeria) and PTT (Thailand) went into operation in 2015, producing 18,000 barrels each day.
Source: Nhan Dan
Key words: Vietnam,promotes, business, links with, Algeria
