Petrovietnam General Director receives Algerian ambassador to Vietnam
General Director of the Vietnam Oil and Gas Group (Petrovietnam) Le Ngoc Son hosted a reception for Algerian Ambassador to Vietnam Sofiane Chaib on September 10.
General Director of the Vietnam Oil and Gas Group (Petrovietnam) Le Ngoc Son (right) presents a souvenir to Algerian Ambassador to Vietnam Sofiane Chaib (Photo: petrovietnam.petrotimes.vn)
Hanoi (VNA) 🐈- General Director of the Vietnam Oil and Gas Group (Petrovietnam) Le Ngoc Son hosted a reception for Algerian Ambassador to Vietnam Sofiane Chaib on September 10.
Son congratulated Chaib on his appointment as the Algerian Ambassador to Vietnam and expressed confidence that, in his new role, the diplomat will act as a bridge of friendship to strengthen cooperative ties between Vietnam and Algeria in general, and between the oil-gas and energy sectors of the two countries in particular.
He briefed the ambassador on the group’s activities, the results of cooperation in the field of oil and gas search, exploration and exploitation between Petrovietnam and the Algerian state-owned oil group Sonatrach as well as related activities.
Son stressed that the oil-gas and energy sectors in general have played a crucial role in the friendly and cooperative relations between Vietnam and Algeria over the past 60 years.
In recent years, Petrovietnam and its member units have actively collaborated with Sonatrach and Algerian enterprises. Notably, the Bir Seba project, a cooperation project between Petrovietnam/Petrovietnam Exploration Production Corporation (PVEP) and Sonatrach, has been operating effectively in recent years, bringing benefits to the participating parties, he said, elaborating that the project is also a symbol of the cooperative relationship between Vietnam and Algeria in the oil and gas sector.
Son said he hoped that the ambassador will continue to pay attention to and support Petrovietnam/PVEP in implementing oil and gas projects in the time to come.
For his part, Chaib affirmed that the successes reaped by Petrovietnam and Sonatrach have contributed to deepening the friendship and cooperation between Algeria and Vietnam over the past 60 years. He also expressed his delight at the results of Petrovietnam’s activities in recent years.
On this occasion, the ambassador thanked Petrovietnam/PVEP for accompanying and cooperating with the embassy to organise relating activities and events within the framework of the 60th founding anniversary of Vietnam-Algeria diplomatic ties.
He also pledged to support Petrovietnam and its member units in their expansion and search for investment opportunities in Algeria./.
Vietnam and Algeria hope to enhance intergovernmental projects and cooperation in several areas, heard a meeting in Hanoi on July 26 between Minister of Construction Nguyen Thanh Nghi and Algeria's Minister of War Veterans and Rights Holders Laid Rebigua who attended the state mourning of Party General Secretary Nguyen Phu Trong.
The potential for Vietnam and Algeria’s Boumerdes province to bolster their economic-trade cooperation was spotlighted at a workshop held in the Algerian locality on June 20.
Member of the Communist Party of Vietnam (CPV)’s Central Committee and deputy head of its Commission for Information and Education Lai Xuan Mon paid a working trip to Algeria from May 14 to 19.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
