A virtual conference will be held on July 13 and 14 to promote trade and business links between Vietnamese localities, enterprises and cooperatives with potential partners in Algeria.
Vietnam’s exports to Algeria stood at 151.1 million USD in 2021 and 65.2 million USD in the first five months this year. (Illustrative image: VNA)
Hanoi (VNA) – A virtualconference will be held on July 13 and 14 to promote trade and business linksbetween Vietnamese localities, enterprises and cooperatives with potentialpartners in Algeria.
The event is part of thenational trade promotion programme in 2022. Around 40 Vietnamese and Algerianbusinesses are expected to attend. B2B sessions will be arranged forparticipating companies.
According to statistics of the Ministry of Industry andTrade, Vietnam’s exports to Algeria, the fourth largest economy in Africa, weremodest at 151.1 million USD in 2021, and reached 65.2 million USD in the firstfive months this year, up 17.6% year on year.
Coffee tops Vietnam’s exports to Algeria,accounting for 65% of the total export value. Other main export items are rice(16%), spices such as pepper bean and cinnamon, cashew nuts and aquaticproducts./.
Many key products of Vietnam meet the import demands of Algeria, making the African country a promising market for Vietnam, according to Hoang Duc Thuan, Vietnam's trade counselor in Algeria.
Vietnamese Trade Counselor in Algeria Hoang Duc Nhuan has attended the Annaba Economic Forum in Annaba city on May 25-26 to introduce Vietnam's potential and strengths as well as seek ways to expand cooperation between Vietnamese enterprises and Algerian localities.
Vietnamese Deputy Minister of Foreign Affairs Pham Quang Hieu and Secretary General of Algeria’s Ministry of Foreign Affairs and the National Community Abroad Chakib Rachid Kaid on May 27 agreed on measures to improve the efficiency of cooperation between the two countries, making it match their political ties and massive potential.
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Vietnam’s exports to Algeria stood at 151.1 million USD in 2021 and 65.2 million USD in the first five months this year. (Illustrative image: VNA) 
