Vietnam looks for cooperation opportunities in Africa
Vietnam’s achievements and potential for cooperation with African nations have been popularised at the 8th Edition of the Africa Forum of Investment and Commerce, which takes place in Algeria on May 11 and 12.
Algiers (VNA) – Vietnam’s achievements and potentialfor cooperation with African nations have been popularised at the 8th Edition of the Africa Forum of Investment and Commerce,which takes place in Algeria on May 11 and 12.
Organised by the Arab-African Center for Investment andDevelopment (CAAID), the event connects 650 investors, leaders ofregional and international organisations, experts, and representatives of commercechambers from 35 countries. The Vietnamese delegation to the forum is led by Ambassador to Algeria Nguyen Thanh Vinh.
According to Vinh, the embassy’s presence in the event is tomeet and discuss with participating businesses and ambassadors about thepotential for cooperation and investment in African countries as well as tointroduce Vietnamese products.
Trade Counselor in Algeria Hoang Duc Nhuan,meanwhile, said that Vietnam and African countries have a lot of potential for collaborationin trade and investment, in the context of the latter implementing the AfricanContinental Free Trade Area (AfCFTA).
Trade between Vietnam and 55 African countries exceeded 7billion USD in 2021, with key Vietnamese exports to the region includingindustrial products, farm produce, and processed goods. Vietnam imported mainlyproduction materials, liquefied petroleum gas, and copper from Africa.
To date, more than 20 African countries have invested about2.3 billion USD in Vietnam, while Vietnam has poured 3.5 billion USD in Algeria,Cameroon, Angola, Tanzania, and Mozambique, among others.
In addition to attending the forum, the Vietnamesedelegation also runs a stall offering Vietnamese products at a fair on thesidelines./.
Despite living and working far from their families in difficult circumstances and harsh African weather conditions, female Vietnamese soldiers in the United Nations peacekeeping mission in South Sudan have performed their assigned tasks well and at the same time demonstrated the merits of Vietnamese women in the minds of local people and international friends.
Vietnam hopes Gabon will act as a bridge helping it expand trade ties with other countries in Central Africa, and that the two sides will boost connections in the industries they have strength in, Minister of Industry and Trade Nguyen Hong Dien has said.
Minister of Industry and Trade Nguyen Hong Dien met with South African Ambassador Mpetjane Kgaogelo Lekgoro on April 2, saying that Vietnam is now in urgent need of diversifying coal supply sources as it is promoting post-pandemic economic recovery.
Vietnam is determined to bolster the comprehensive partnership with South Africa – an important cooperation and development partner in Africa, Deputy Foreign Minister Pham Quang Hieu has stated.
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The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
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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.
Illustrative photo (Source: VNA) 
