Algiers, November 19, 2025 – Algeria is actively promoting its investment potential to Vietnamese partners, emphasizing the significant reforms undertaken in recent years to create a more attractive and stable business environment.
Speaking at the Algerian-Vietnamese Economic Forum, Omar Rekkache, Director General of the Algerian Investment Promotion Agency, underscored the transformative journey Algeria has been on since 2020. He highlighted the comprehensive structural reform program initiated by President Abdelmadjid Tebboune, designed to modernize the economy and attract foreign investment. The forum was attended by Prime Minister Seifi Gherrib and his Vietnamese counterpart, Pham Minh Chinh.
Rekkache emphasized that Algeria has successfully established political, institutional, and social stability, fostering greater confidence in its business climate. He also noted the adoption of a clear economic vision that supports productive sectors and encourages entrepreneurship, particularly following the removal of numerous constraints that previously limited the attractiveness of the Algerian market to foreign investment.
The new investment law, Rekkache stated, is a cornerstone of this transformation, guaranteeing the stability of its provisions for at least ten years. He also lauded the digital investor platform, which has revolutionized procedures, reduced bureaucracy, and enhanced transparency. This platform offers investors a streamlined and efficient process for establishing and operating businesses in Algeria.
The Director General further emphasized that the new legal framework provides a comprehensive package of guarantees that are fundamental to building trust between the state and investors. These guarantees include:
- Stability of the legal and regulatory framework for long-term projects.
- Equal treatment between local and foreign investors.
- Freedom to transfer profits and returns transparently and regularly.
- Protection of property rights, with expropriation only for public benefit and with fair compensation.
- Effective mechanisms for dispute resolution through the courts or arbitration.
Rekkache also highlighted Algeria’s adoption of three investment incentive systems: one for priority sectors supporting industry and manufacturing, another for regions encouraging regional development and targeting underutilized states, and a third for major structured investments involving projects exceeding 500 jobs or 10 billion dinars. These incentives include customs and tax exemptions during the construction and operation phases, potentially extending up to ten years, as well as facilitation of industrial land access.
Finally, Rekkache pointed to Algeria’s position as a promising market in the region, with an economy exceeding $263 billion, growth exceeding 4%, inflation below 4%, and the absence of external debt. He emphasized the potential of the Algerian market with its more than 46 million consumers.
