Vietnam promotes trade activities in Algeria
(VOV) - Vietnam, Algeria aim to raise two-way trade turnover to US$1 billion by 2020, told a recent seminar in Annada, Algeria.
At the seminar, Ambassador to Algeria Vu The Hiep recalled the traditional ties between the two countries and hoped to promote investment and trade cooperation in line with fine political relations.
He revealed that Vietnam will expand operation of PetroVietnam at Bir-Seba joint venture, implement some new investment projects and send around 1,500-2,000 workers and technicians to work in Algeria.
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Meanwhile, Trade Counsellor Nguyen Van Mui introduced Vietnam’s socio-economic development and international integration, and bilateral economic, trade and investment cooperation between the two countries to help the Algerian business community understand about the Vietnamese market.
A representative from the Annaba Chamber of Commerce and Industry talked about economic potential and investment opportunity in the province and encouraged Vietnamese businesses to invest in infrastructure, housing, utensils production, garment, footwear, manufacturing industry, electronics, fishery, irrigation and forestry.
The two sides also discussed measures to accelerate economic relations in the future and proposed the two governments sign cooperative agreements on trade, labour and investment.