Minister of Industry and Trade Nguyen Hong Dien (Photo: Ministry of Industry and Trade)
Hanoi (VNA) – Vietnam and Algeria have potential for cooperation intrade, industry and energy, according to Minister of Industry and Trade NguyenHong Dien.
At a working session with Algerian Minister of PharmaceuticalIndustry AliA-un in Hanoi on October 17, Minister Dien highlighted that Algeria is thesecond largest trade partner of Vietnam in North Africa, with bilateral tradeaveraging over 160 million USD a year in the 2018-2022 period.
To promote cooperation in trade, industry and energy, the Vietnamese minister askedthe Algerian side to facilitate partnership between businesses operating inpetrol, oil and gas business.
He particularly asked Algeria to facilitate the partnership between PetroVietnam Exploration Production Corporation (PVEP) and the national state-owned oil company ofAlgeria –Sonatrach in oil and gas projects in Algeria, and to amendArticle 10 in the Vietnam-Algeria trade agreement.
Minister Ali A-un said he will work with the Vietnamese ministryand Algeria’s relevant agencies to consider the proposals of the Vietnameseside. He asked Vietnam to create favourable conditions for Algeria’s farmproduce to access the Vietnamese market.
He expressed interest in bilateral cooperation in oil and gas and pledged tosupport Vietnamese oil and gas companies when investing in Algeria./.
Algerian Minister of Pharmaceutical Industry Ali Aoun and Vietnamese Ambassador Tran Quoc Khanh on September 20 looked into preparations for the 12th meeting of the Vietnam-Algeria inter-governmental committee and a business forum, slated for October in Hanoi.
The Algeria-Vietnam Friendship Parliamentarians' Group made its debut in Algiers on October 9, aiming to reinforce relations between the two countries in all fields, especially through parliamentary channel.
Vietnamese Minister of Construction Nguyen Thanh Nghi and Algerian Minister of Industry and Pharmaceutical Production Ali Aoun co-chaired the 12th meeting of the Vietnam-Algeria Inter-Governmental Committee which opened in Hanoi on October 16.
Minister of Construction Nguyen Thanh Nghi and Algerian Minister of Industry and Pharmaceutical Production Ali Aoun co-chaired the Vietnam-Algeria Business Forum in Hanoi on October 17.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
Minister of Industry and Trade Nguyen Hong Dien (Photo: Ministry of Industry and Trade) 
