In his opening remarks, Vietnamese Trade Counsellor in Algeria Hoang Duc Nhuan cited data of the Department of Viet Nam Customs, noting that trade between Viet Nam and the two African nations has seen significant growth this year.

In the first nine months, two-way trade between Viet Nam and Algeria reached around 450 million USD, more than doubling that of the same period last year. Viet Nam’s main exports to Algeria include coffee beans, cashews, pepper, desiccated coconut, chemical products, and fishery products.

Meanwhile, the trade value with Senegal in this period exceeded 100 million USD. Viet Nam mainly shipped rice, pepper, textiles, vegetables and fruits, and confectionery to the country.

Nhuan stated the economic growth of the three countries presents new opportunities for stronger partnership. Viet Nam, Algeria, and Senegal all have significant potential to expand cooperation on a larger scale, aiming to access markets across Africa, Asia, and other regions worldwide.

He proposed that all parties should improve the legal framework, enhance trade and investment promotion activities, encourage businesses from each country to actively participate in economic events in the other, and disseminate information on trade, investment, finance regulations, customs procedures, and business opportunities.

Several Algerian businesses expressed interest in importing raw materials such as packaging, paper, natural wood, plywood, and cashew Meanwhile, Senegalese participants showed interest in Vietnamese rice.

Vietnamese companies said they stand ready to export raw materials and collaborate with Algerian partners to produce goods locally, an approach seen as well-aligned with Algeria’s current policies to encourage domestic production investment.