Algerian firms updated on business opportunities in Vietnam

Update: 16:41 | 19/06/2017
Algerian businesses have been updated on Vietnam’s prestigious export firms, export-import related regulations and business opportunities at a recent meeting in Oran city with Vietnamese Ambassador to Algeria Pham Quoc Tru.
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algerian firms updated on business opportunities in vietnam
Ambassador Pham Quoc Tru awarded the prize to two Algerian journalists November 10, 2016.

At a working session between Ambassador Tru and Chairman of the Oran Chamber of Commerce and Industry Mouad Abed, both sides introduced the potential for economic links between the two nations and discussed ways to boost bilateral ties.

Mouad Abed lauded the visit, saying that this is a good chance for Algerian firms to learn more about the Vietnamese market.

He also introduced his country’s economic reforms, which focus on diversifying the economy to minimise dependence on the oil industry.

Algeria is looking to develop non-petroleum sectors such as agriculture, industry, construction, tourism, ICT and renewable energy, he said.

On the occasion, Ambassador Tru informed participants about activities to be held by the two countries to celebrate the 55th anniversary of diplomatic ties, including the 11th session of the Vietnam-Algeria Intergovernmental Committee for economic cooperation scheduled for September in Alger.

The two sides agreed to urge the two Governments to create favourable conditions for enterprises to bolster cooperation, concentrating on perfecting legal frameworks, spreading market information, making it easy for businesses to participate in international fairs and exhibitions and settling trade-related disputes.

During their stay, the delegation worked with representatives from the international fair and exhibition centre, during which director of the centre Ouaed Mohamed called on Vietnamese enterprises to attend trade events in the city.

In his reply, Ambassador Tru said the embassy will send a list of international fairs held in Vietnam to the centre and pledged to facilitate the two sides’ enterprises’ attendance at fairs and exhibitions in each country.

The Vietnamese diplomat led a delegation to visit Oran city from June 15-17, aiming to step up economic and trade cooperation between Vietnam and Algeria and with Oran in particular.

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(Source: VNA)