NA Chairman Vuong Dinh Hue (R) and Algerian Minister of Industry and Pharmaceutical Production Ali Aoun at the meeting in Hanoi on October 18 (Photo: VNA) Welcominghis guest to Vietnam to co-chair the 12th meeting of the Vietnam- Algeria Inter-governmental Committee in Hanoi on October 16 - 18, Hue highlightedthe faithful friendship between the two countries over the last more than 60years, since their diplomatic relations were set up in 1962. The connectionsbetween their Parties, parliaments, governments, and peoples are also beingfurther reinforced.
He pointedout that bilateral trade remains modest, at 144 million USD in 2022 withVietnam posting 141 million USD in trade surplus with Algeria. Given this,trade relations should be fostered, and enterprises and business associationsof both countries have a critical role to play in this regard.
The NA Chairman also highly valued the success of the countries’ oil andgas joint venture, calling on Algeria to continue supporting the investment andoperations of the Vietnam Oil and Gas Group (Petrovietnam) in the North Africannation.
The NAleader took this occasion to thank and ask Algeria to create conditionsfor the Vietnamese community to integrate into and contribute to the localsociety and serve as a bridge of friendship between the countries.
NA Chairman Vuong Dinh Hue (fifth from right), Algerian Minister of Industry and Pharmaceutical Production Ali Aoun (fifth from left), and other officials of the two countries at the meeting in Hanoi on October 18 (Photo: VNA) Appreciating his host’s remark that Vietnam is ready to actas a gateway for Algeria to access the market with over 600 million people in ASEAN,he noted his country is also willing to help Vietnam enter the 300-million people market in North Africa, as well as Africa with a combined population ofnearly 1 billion.
The official expressed his delight at the outcomes of the 12th meeting of the Vietnam- Algeria Inter-governmental Committee, part of efforts to bolster economic,trade, and investment cooperation after the COVID-19 pandemic, during which thetwo sides discussed the fields of extensive cooperation and identifiedcooperation potential in other areas.
Aounalso informed his host about the outcomes of his meeting with the VietnameseMinister of Industry and Trade, noting that they looked into the orientationsand targets for partnerships in manufacturing and supplying agricultural andindustrial products, along with other goods for each other.
He went on to say that the two countries havemoved in the right direction in oil and gas cooperation, and that Algeria paysattention to and will provide conditions for the Vietnamese business’soperations.
Besides, Algeria is home to various plants that can be usedas medicine, and it hopes to work with Vietnam to produce pharmaceuticals fortreating some diseases in Africa, the minister added.
Agreeingwith his guest, Chairman Hue said the Vietnamese NA supports the two sides’promotion of an agreement on industry and trade. It will actively coordinatewith relevant parties to step up and supervise the implementation of the twocountries’ cooperation documents.
He voiced his belief that with the long-standingfriendship, sound political and diplomatic ties, and efforts by both sides, economic,trade, and investment links between Vietnam and Algeria will flourish in thetime to come./.
VNA
