Local businesses seek opportunities in Algeria
(VOV) - Eighteen Vietnamese businesses will make a fact-finding tour of Alger City, Algeria, from October 18-24, according to the Africa, West Asia and South Asia Department.
During their stay in the country, they will conduct market research, meet with potential partners and promote their products to boost exports to this African nation.
They will focus on products, such as rice, coffee, pepper, coconut rice, frozen seafood, civil electronics, computers and components, agricultural machines, chemicals, steel, automobile spare parts, motorbikes, and construction materials.
Algeria has high demands for these products due to local insufficient supplies. In addition, located in North Africa, Algeria is a gateway for Asian products to penetrate West and Middle Africa.
 |
Bilateral trade between Vietnam and Algeria has increased significantly in recent times. Vietnam’s exports hit US$129 million in 2012, a year-on-year increase of 28%, while imports were modest just reaching US$1.2 million.
Algeria ranked fifth among importers of Vietnamese products in Africa.
Vietnam’s exports to the country in the first seven months of this year rose by 15% to US$101.33 million. Coffee topped the list of export items, earning US$31.52 million, followed by rice, telephones and components, pepper, seafood, machinery, equipment and tools, and steel.
To boost exports to the market, the Africa, West Asia and South Asia Department will work with relevant Algerian agencies and the Vietnamese Trade Office to organise a seminar and conduct fact-finding tours of companies, seaports, commercial centres and management agencies to gain a better understanding about import-export and investment policies.