Algiers, Algeria – The Algerian-Vietnamese Economic Forum commenced today in Algiers, marking a significant step towards strengthening bilateral economic relations. The forum, held under the patronage of Algerian Prime Minister Sifi Grib and his Vietnamese counterpart, Pham Minh Chinh, aims to explore new avenues for collaboration and investment between the two nations.
Prime Minister Chinh is currently on an official visit to Algeria, underscoring the importance both countries place on fostering a robust economic partnership. The forum brings together key government officials, business leaders, and industry experts from both Algeria and Vietnam.
The agenda focuses on identifying opportunities for joint ventures, technology transfer, and increased trade across various sectors. These include agriculture, energy, manufacturing, and information technology. Discussions are also centered around streamlining investment procedures and creating a more favorable business environment for companies from both countries.
“This forum represents a pivotal moment in our bilateral relationship,” stated a high-ranking Algerian official. “We are confident that the discussions and partnerships forged here will lead to tangible economic benefits for both Algeria and Vietnam.”
The Vietnamese delegation expressed strong interest in Algeria’s potential as a gateway to African markets, while Algerian businesses are eager to tap into Vietnam’s expertise in manufacturing and technology. Several memorandums of understanding are expected to be signed during the forum, solidifying commitments to specific collaborative projects.
The Algerian-Vietnamese Economic Forum is seen as a crucial platform for advancing economic cooperation and driving sustainable growth in both nations. The event highlights the shared commitment to building a strong and mutually beneficial partnership.
