Vietnam – Algeria – Senegal matchmaking seminar to take place next month
Over 100 representatives of organisations and enterprises from Vietnam, Algeria and Senegal are expected to attend a virtual matchmaking seminar on farm produce among the three countries next month.
Vietnamese Trade Counsellor in Algeria Hoang Duc Nhuan visits a trade fair booth of a local fish feed producer. (Photo: VNA)
Hanoi (VNA) – Over 100 representatives oforganisations and enterprises from Vietnam, Algeria and Senegal are expected toattend a virtual matchmaking seminar on farm produce among the three countriesnext month.
Co-hosted by the Vietnamese Ministry of Industry andTrade’s Department of Trade Promotion (Vietrade) and Asia-Africa MarketDepartment, the event will take place from April 5-6, connecting three main locations– Hanoi (Vietnam), Algiers (Algeria), and Dakar (Senegal).
It is expected to provide an opportunity for the threecountries to introduce about their strengths, strengthen cooperation in tradeand investment, and connect their agricultural and food producers amid theongoing COVID-19 outbreak.
According to the General Department of Vietnam Customs,Vietnam’s exports to Algeria totalled around 150 million USD last year withmain export items including coffee (94 million USD), fishery products, pepper,rice, cashew nut, aluminium and other metals, chemicals, fabrics, footwear andmachinery. Vietnam’s imports from the African country, mostly chicken feet,scrap paper, cattle feed and pharmaceuticals, only valued about 3 million USD.
Meanwhile, in 2019, Vietnam shipped to Senegal more than52.5 million USD worth of goods, mainly rice, pepper, confectionery, textileand garment, fruits and vegetables, fishery products, vehicles and parts. TheSoutheast Asian country spent some 41.3 million USD on imported goods, mostlyraw cashew nut, cotton, fishery products and cattle feed, from Senegal.
Last year, due to impacts of COVID-19, Vietnam’sshipments to Senegal plunged to 39 million USD, nearly 38.5 percent of whichcame from rice. The African nation is in need of 800,000 to 1 million tonnes ofimported rice annually for domestic use and re-export./.
Vietnam’s rice exports to Africa rose sharply in the first six months of 2020 and are expected to continue surging in the remainder of the year and in 2021, according to Vietnamese Trade Counsellor in Algeria Hoang Duc Nhuan.
The Vietnam Trade Office in Algeria has introduced a 65-page handbook on doing business with Benin in a bid to equip Vietnamese enterprises with information on the market and tips for successful transactions.
For the time ahead, the Vietnamese Embassy in Algeria, which is also in charge of Senegal, Mali, Niger, and the Western Sahara, is set to continue performing well its role as a bridge linking Vietnam and African nations and disseminating the Party and State’s guidelines and policies to Vietnamese expatriates there, said Ambassador Nguyen Thanh Vinh.
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.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
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.
Vietnamese Trade Counsellor in Algeria Hoang Duc Nhuan visits a trade fair booth of a local fish feed producer. (Photo: VNA)
