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Algeria hopes for stronger economic partnership with Vietnam: Ambassador

Algeria hopes to further bolster its economic partnership with Vietnam to match the sound political ties between the two countries, according to Algerian Ambassador to Vietnam Boubazine Abdelhamid.
Algeria hopes for stronger economic partnership with Vietnam: Ambassador ảnh 1Algerian Ambassador to Vietnam Boubazine Abdelhamid (L) meets Vietnamese Deputy Minister of Construction Le Quang Hung, President of the Vietnam-Algeria Friendship Association (Photo: Vietnamese Embassy in Algeria)
Hanoi (VNA) – Algeria hopes to further bolster its economic partnership with Vietnam to match the soundpolitical ties between the two countries, according to Algerian Ambassador toVietnam Boubazine Abdelhamid.

The diplomat held that bilateral trade hasremained modest at 231 million USD in 2021, down from 360 million USD in theprevious year due to COVID-19 impacts.

In terms of investment, the Vietnam National Oil and GasGroup (Petrovietnam) is currently the only Vietnamese investor in Algeria, hesaid, stressing the need to further expand economic and trade collaborationbetween the two countries.

Algeria hopes for stronger economic partnership with Vietnam: Ambassador ảnh 2Algerian Ambassador to Vietnam Boubazine Abdelhamid (Photo: VNA)
Highlighting the mutual support of the two sides in thehistory, the diplomat noted that Vietnam was the first country to recognise theprovisional government of the Algerian Republic in 1958 and the first to openits embassy in Algeria in 1962 right after Algeria gained independence.

Vietnam and Algeria will celebrate the 60th anniversary of their diplomatic ties this year, which is a good chance for bothsides to specify their cooperation agreements, contributing to reinforcing anddeveloping the bilateral relations, he said.

Regarding cooperation priorities in 2022, the diplomat saidthat the two sides will organise the 12th meeting of theAlgeria-Vietnam Cooperation Committee and the Algerian Culture Week in Vietnamthis year.

Algeria hopes for stronger economic partnership with Vietnam: Ambassador ảnh 3Vietnamese and Algerian engineers (Photo: VNA)
Commenting on socio-economic achievements of Vietnam inrecent years, he spoke highly of the vision of Vietnamese leadersthat has been shown in proper decisions, helping Vietnam record breakthroughsteps forwards and become a success model.

Sharing his feelings about Vietnamese traditional New YearFestival (Tet), he said that he experienced the first Tet in Vietnam and wasstrongly impressed by the diversity of flowers in the festival.

He said that there are many similarities between Vietnamese Tet and Algeria’s Yennayerfestival, especially in the diversity of traditional food and decoration.

On the occasion of the Lunar New Year, the ambassador extended best wishes toVietnamese people, expressing his hope that the two countries will harvest newsuccesses in their partnership in all fields./.
VNA

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