Vietnam, Algeria boost bilateral trade

The event attracted the participation of 13 Vietnamese businesses and 25 Algerian firms operating in the import and export of agricultural products, food, industrial products, fishing tools, and cosmetics.

Vietnamese Trade Counsellor in Algeria Hoang Duc Nhuan introduced to participants the trade and investment cooperation situation between the two countries and promising business opportunities.

Besides the need to import agricultural products, solar panels, auto parts, footwear, powdered milk, and fabrics from Vietnam, Algerian businesses showed their hope to export dates, olive oil, flavourings, chicken feet, lobsters, sea cucumbers.

They also called for Vietnamese businesses to cooperate and invest in Algeria in poultry farming, aquaculture, and construction.

On this occasion, the Vietnam Trade Office also invited Algerian firms to visit a booth introducing Vietnamese goods at the 54th Algiers International Fair (FIA 54) scheduled to be held from June 20-25 at the Exhibition Palace Pins Maritimes, as well as participating in the Vietnam International Sourcing 2023 to be organised by the Ministry of Industry and Trade from September 13-15 in Ho Chi Minh City.

According to data of the General Department of Vietnam Customs, in the first five months of 2023, two-way trade reached about 116 million USD, up more than 80% year-on-year.