Vietnamese Trade Counsellor Hoang Duc Nhuan delivers a remark at the 7th African Investment and Trade Forum (AFIC7) in Algeria. (Photo: VNA)The event, via both video teleconference (VTC) andin-person form, was organized under the patronage of Algerian PresidentAbdelmadjid Tebboune. The Vietnamese delegation to the forum was led by AmbassadorNguyen Thanh Vinh.
The forum featured an exhibition, seminars andbusiness-to-business meetings in the fields of food industry, agriculture,technology, tourism, services, renewable energy, and others.
The Embassy and Trade Office of Vietnam in Algeria set upa booth, among a total of 70, at the event which showcased a number ofVietnamese flagship agricultural products, such as coffee, tea, rice, pepper,milk, “banh trang” (rice paper wrappers) and cassava powder, and materialspromoting Vietnam’s culture and tourism.
The Vietnamese booth at the event. (Photo: VNA)Speaking at the forum, Vietnamese Trade Counsellor HoangDuc Nhuan briefed audience on Vietnam’s economic development; the relations intrade, investment and agriculture between Vietnam and African countries; andthe two sides’ potential cooperation in the coming time.
He also announced Vietnam plans to host an internationalconference on Vietnam-Africa partnership in agriculture at the end of this yearvia VTC and in-person meetings.
AFIC 7 was attended by numerous international and globalorganisations, embassies, trade offices, and more than 600 enterprises from 35countries worldwide who are seeking export and investment opportunities inAfrica.
Trade between Vietnam and Africa totalled 7.4 billion USDin 2019, with Vietnam’s shipments worth 3.4 billion USD, an increase of 17percent from the previous year.
Vietnam’s main export items to Africa include mobilephones and parts, computers and parts, textile and garment, footwear, rice,coffee, pepper, cashew nut and fisheries products. Imports, meanwhile, compriseraw cashew nut, cotton, wood, copper, cattle feed and liquefied natural gas.
Some 20 African countries and territories have poured atotal 2.35 billion USD worth of investment into Vietnam, mostly in processing,retailing and wholesaling, lodging services and consultation. Vietnam hasinvested close to 3 billion USD in 12 African countries in the areas of oil andgas exploration and production, telecommunications, hydropower, andmanufacturing of cement and wood, among others./.
VNA
