Vietnam boosts trade promotion in Algerian locality
The Vietnam Trade Office in Algeria coordinated with the Chamber of Commerce and Industry of Algeria's Béjaia province organised a seminar on April 2 to introduce economic and trade cooperation potential between the two countries.
Alger (VNA) - The Vietnam Trade Office in Algeria coordinated with the Chamber of Commerce andIndustry of Algeria's Béjaia province organised a seminar on April 2 to introduce economicand trade cooperation potential between the two countries.
Chairman of the chamber Mamasse Samir said with 100 km of coastline,🌌 the locality has huge potentialfor tourism devel𒀰opment.
Enterprises in Béjaia mainly operate in theareas of the food industry, wood and paper, metallurgy, mechanics, electricity,electronics, construction materials, and textiles, he said, adding that severallocal companies are importing coffee and spices from Vietnam.
He called on Vietnamese businesses to invest in the Algerian locality, and cooperatewith local partners based on mutual benefit, affirming that Béjaia alwayscreates favourable conditions for foreign investors with many incentives on taxes and industrial land leasing.
Trade Counselor Hoang Duc Nhuan briefed participants on Vietnam'seconomic and foreign trade situation and the trade and investmentꦜ cooperationrelationship between the two countries. The two-way trade between Vietnamand Algeria reached an estimated 250 million USD in 2023, up 68% year-on-year.
Nhuan also provided information to and invited Algerian businesses to attend anexhibition on connecting international supply chains (Vietnam InternationalSourcing) from June 6-8, 2024 in Ho Chi Minh City.
At the event, the office also displayed catalogs and samples ofcoffee, pepper, cashew nuts, cinnamon, anise, coconut meat, and plywood of Vietnamesebusinesses.
Businesses in Béjaia expressed their interest in importing raw coffee, cashewnuts, sugar, soybeans, sunflower seeds, bags, packages, and materials for corkproduction; sporting products from Vietnam; and seeking partners in the fieldsof textile production and agricultural processing, refrigeration equipment,logistics, and tourism.
They said they wish to export olive oil, caromic powder, margarine, and saucesto Vie♑tnam./.
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Participants at the seminar (Photo: VNA) 
