Vietnam-Algeria economic ties yet to match with potential: Ambassador
Economic and trade cooperation between Vietnam and Algeria has yet to match their political ties as well as their potential, Vietnamese Ambassador to Algeria Nguyen Thanh Vinh has said.
President Nguyen Xuan Phuc (R) receives outgoing Algerian Ambassador to Vietnam Mohamed Berrah. (File Photo: VNA)
Hanoi (VNA) – Economic and trade cooperation between Vietnamand Algeria has yet to match their political ties as well astheir potential, Vietnamese Ambassador to Algeria Nguyen Thanh Vinh hassaid.
In an interview granted to Vietnam News Agency on theoccasion of the 59th founding anniversary of diplomatic ties(October 28), Vinh noted that in the first nine months of 2021, two-way tradereached only 110 million USD. There is currently one Vietnamese businessinvesting in Algeria, while no investor from the African country is present inVietnam.
In the context that the COVID-19 pandemic is affecting allaspects of the economic and social life, including diplomatic activities anddelegation exchanges between the two countries, the embassy has made greatefforts to organise a number of activities in order to strengthen and promotethe traditional friendship between Vietnam and Algeria.
Vietnamese Ambassador to Algeria Nguyen Thanh Vinh. (Photo: VNA)
These activities have contributed to maintaining a close and regularrelationship between the two governments and the two Ministries of ForeignAffairs, affirming and consolidating the traditional friendship based on thecommon history of the two countries, he stated.
Senior leaders are committed to further promoting the bilateralrelationship by holding regular discussions, consultations and supporting each other atinternational forums.
Next year will mark 60 years since Algeria gainedindependence and the two countries set up their diplomatic ties, Vietnam andAlgeria will organise a wide range of celebrations, including VietnamCulture Day/Week in Algeria or Algeria Culture Day/Week in Vietnam./.
An international conference with the theme of “Algerian economy with a vision to 2030” was organised for the first time in Skikda province on September 25-26, aimed to promote the entrepreneurship among young Algerians.
A working delegation from the Vietnamese Embassy in Algeria led by Ambassador Nguyen Thanh Vinh paid a working trip to Constantine province, the third largest economic hub of the African country that has advantages in tourism, farming, breeding and pharmaceuticals.
Algerian Ambassador to Vietnam Mohamed Berrah has been honoured with the “For peace and friendship among nations” insignia for his contribution to promoting the friendship between people of Vietnam and Algeria.
The Vietnamese Embassy in Algeria and the local Centre for Research in Applied Economics in Development (CREAD) have organised a seminar on Vietnam’s economy and foreign trade in both online and face-to-face forms.
The Party and State of Vietnam always attach great importance to and give top priority to the development of Vietnam–China relations. Vietnam is ready to work with the Chinese Party and State to further deepen the Comprehensive Strategic Cooperative Partnership and promote the building of the Vietnam-China community with a shared future that carries strategic significance.
Under the leadership of President Ho Chi Minh and the CPV, President Cuong said, the press has been a steadfast force on the ideological and cultural front, rallying the masses to pursue national aspirations.
NA Chairman Tran Thanh Man stressed the need to accelerate the application of artificial intelligence and smart teaching equipment, innovate teaching and assessment methods, and further improve the quality of formal education.
He also pledged that the NA will promote its ongoing supervision, making sure that every promise must lead to results, and every commitment must bring about real changes.
Minister of Industry and Trade Nguyen Hong Dien welcomed the proposals put forward by the US side and reiterated Vietnam’s request for consideration of key areas of interest, including reciprocal tariff policies and access for Vietnamese key export products to the US market.
Deputy PM Le Thanh Long proposed countries promote shared values, including building trust, sincerity, and solidarity among nations and peoples; fostering cooperation spirit and responsible behaviour as well as upholding international law and the UN Charter; and placing people at the centre and as the goal, the key player, and the driving force of all policies.
The show, together with a grand parade to be held silmutaneously at Ba Dinh Square in Hanoi, will celebrate the 80th anniversary of the August Revolution, the National Day, and the General Staff of the Vietnam People’s Army (VPA).
In particular, in April 2023, the two sides successfully carried out a joint operation that dismantled a major organised, transnational drug trafficking ring involving both Vietnamese and Cambodian suspects.
The Vietnamese Embassy in Israel is closely coordinating with relevant local agencies to stay informed and provide the utmost support possible for Vietnamese nationals.
The launch of Thanh Nien (Young People) newspaper in 1925, even before the founding of the Communist Party of Vietnam, is considered a testament to President Ho Chi Minh’s strategic foresight and strong belief in the guiding power of the revolutionary media.
New Zealand is currently one of Vietnam’s most important partners in the region, marked by a high level of political trust, strong and reliable defence and security cooperation, and increasingly open economic, trade, and investment ties.
Party General Secretary To Lam stressed that the Central Public Security Party Committee must be fully aware of the extremely important role of the People's Public Security force in the country's new revolutionary phase, so as to guide each branch and level of the force as the nation undergoes transformation.
Addressing concerns over university education spending, Son explained that as public universities gain greater autonomy, the Ministry of Finance has scaled back recurrent state funding. “Over the past decade, as autonomy has increased, the State's support has steadily declined”, he noted
Lao Minister of Foreign Affairs Thongsavanh Phomvihane affirmed that the presence of Vietnamese press offices in Laos vividly demonstrates the great friendship, special solidarity, and comprehensive cooperation between the two nations, as the press is not only a means of communication but also an important bridge for spreading consciousness about the history, values, and strategic depth of the Laos – Vietnam relationship to the people of both countries and the international community.
The country is willing to participate in collective efforts to promote cooperation and mobilise resources to advance the current priority issues of developing countries, such as trade, investment, infrastructure connectivity, making the most of scientific and technological advances for development, and people-to-people exchanges, Hang said.
During the negotiations, the US highly evaluated Vietnam’s goodwill and efforts, affirmed its appreciation for the bilateral relationship, acknowledged Vietnam’s proposals and concerns, and considered these an important basis for continuing discussions and moving towards a final agreement.
The Chairman stressed the need for stricter fiscal discipline, faster digital transformation, and more efficient management of State budget revenues and expenditures.
President Nguyen Xuan Phuc (R) receives outgoing Algerian Ambassador to Vietnam Mohamed Berrah. (File Photo: VNA) 
Vietnamese Ambassador to Algeria Nguyen Thanh Vinh. (Photo: VNA) 
