Algeria, Vietnam Pledge to Elevate Trade Relations to Strategic Partnership

Participants at the Algeria-Vietnam Economic Forum, held on Wednesday in Algiers, affirmed the two countries’ shared commitment to elevating bilateral trade relations to the level of a comprehensive strategic partnership, based on industrial cooperation, joint investment, and the development of advanced production chains.

The proceedings of this forum, held under the slogan “Algeria-Vietnam: For a Productive and Sustainable Economic Partnership,” were co-chaired by Prime Minister Sifi Ghrieb and his Vietnamese counterpart, Pham Minh Chinh, in the presence of government members, the Director General of the Algerian Investment Promotion Agency (AAPI), Omar Rekkache, the President of the Algerian Economic Renewal Council (CREA), Kamel Moula, as well as investors and business leaders from both countries.

The Minister of Foreign Trade and Export Promotion, Kamel Rezig, emphasized that the hosting of this forum is intended to be “the culmination of a journey rich in shared ambitions and clearly reflects our collective determination to transform bilateral trade relations into a comprehensive strategic partnership, going beyond the mere exchange of goods toward industrial cooperation, joint investment, and the development of advanced production chains.”

For his part, Vietnam’s Deputy Minister of Finance Do Thanh Trung affirmed Algeria and Vietnam’s commitment to making this economic forum “the benchmark for a new phase of deeper, more sustainable, and more effective cooperation,” with a view to “building a genuine strategic partnership based on mutual benefit, representing a major step toward a shared prosperous future.”

Trung further stated that his country is working with Algeria to expand their cooperation, emphasizing that the friendly relations between the two countries “form a solid foundation for the development of the bilateral partnership.” He then commended the progress achieved in recent years in economic cooperation between the two countries, highlighting the potential for significant advances in the energy and mining sectors, construction, infrastructure development, high-tech agriculture, and manufacturing industries.