Algeria, Vietnam Willing to Partner to Conquer New Markets (allAfrica.com)

Algeria and Vietnam expressed Sunday in Algiers the willingness to build “fruitful” partnership likely to conquering new markets including Africa and Asia.

“Algeria is the country of choice for building industrial platforms directed towards Africa,” said Minister of Industry and Mines, Abdessalem Bouchouareb during the Algerian-Vietnamese Business Forum bringing together one hundred Algerian companies and more than 80 Vietnamese companies.

“I am convinced that there is room for us to conquer new markets with our assets united,” Bouchouareb added, stressing that Algeria could be both a market and a gateway to Africa for Vietnamese companies.

Indeed, the minister expressed the wish of Algeria to benefit from Vietnam’s “proven” expertise and know-how in manufacturing, such as wood, leather and footwear, textiles and confection, calling to accompany these industries “in phase of reconstruction.”

The Vietnamese are also expected to take opportunities in industry, mining, tourism, aquaculture, agriculture and technology in Algeria, said the minister.

As for him, Vietnamese Prime Minister Nguyen Tan Dung, who is on an official visit to Algeria, stressed the importance of combined efforts of both countries to further consolidate and develop bilateral economic relations.

Evoking the National Oil Group Sonatrach and Petrovietnam, Tan Dung said that despite the dynamism recorded in recent years, the economic relations between Algeria and Vietnam remain below the existing opportunities, though trade hit $400 million in 2014.

In this regard, he invited the Algerian companies to invest in Vietnam, deemed as a gateway to Asian markets including those of the countries of the Association of Southeast Asian Nations (ASEAN).

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