Prime Minister Pham Minh Chinh (second to left) and his Algerian counterpart Sifi Ghrieb (second to right) attended Viet Nam-Algeria Economic Forum, Algiers, Algeria, November 19, 2025 - Photo: VGP

The forum brought together around 350 delegates, including representatives from government agencies and businesses of both countries.

Addressing the event, the Prime Minister said, as the President and Prime Minister of Algeria told him, economic cooperation between the two countries has no limits and no obstacles in any field or sector.

He called on both sides' businesses to launch more investment in each side, urging Vietnamese enterprises to enhance investment cooperation in Algeria in the field of energy, including oil and gas exploration, petrochemical refining, wind energy, and solar energy.

Pham also encouraged them to explore investment opportunities in agriculture, fisheries, agricultural and aquatic processing, manufacturing, science, and technology.

The Prime Minister proposed that the two sides upgrade existing cooperation mechanisms and establish new ones to promote collaborative ties.

The Algerian leader, for his part, underlined the need for both sides to be proactive in identifying export products, establishing firm positions in each other's markets, promoting trade diversification, and expanding market access.

Algeria hopes to strengthen the presence of its exports, particularly plant-based products, pharmaceuticals, fertilizers and manufactured goods in Viet Nam, he noted.

The host urged Algerian enterprises to work closely with Vietnamese partners to explore more trade cooperation opportunities, especially in technology, agriculture, digital transformation, energy, oil and gas, pharmaceuticals, and tourism.

In 2024, the two-way trade reached US$198.3 million./.