Intensifying trade, investment promotion between Vietnam and Algeria

Representatives of Algerian enterprises at the event. (Photo: Vietnamese Embassy in Algeria)

In the context of the COVID-19 pandemic with some countries still closing borders affecting bilateral trade, the Vietnamese Embassy in Algeria organized a virtual trade exchange workshop on November 4, with the aim of seeking measures to bring into full play the trade and investment potential between the two countries

According to Vietnam News Agency, representatives from over 70 enterprises of both countries operating in a wide range of fields attended the event.

In his speech at the event, Vietnamese Ambassador to Algeria Nguyen Thanh Vinh said that this is the first time the embassy has held a trade exchange event via video conference, which is an effective way of connection to help the two countries’ businesses boost trade and investment ties.

He affirmed that the embassy is willing to accompany and assist businesses of the two sides in researching market information and carrying out cooperation projects, and to introduce reliable partners.

At the event, Trade Counselor Hoang Duc Nhuan introduced export and import potential and investment between the two countries, answered questions from enterprises of the two sides related to import and export regulations, payment methods, tariffs, how to verify partners, distribution channels, and investment incentives in Algeria.

Meanwhile, participants highly hailed the Embassy’s initiative to organize the workshop and wished to have many similar events to connect businesses of the two countries./.


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