July 20, 2017 | 19:00 (GMT+7)
Vietnam’s exports to Algeria grow 37 percent
Vietnam’s export revenue to Algeria rose 37 percent year-on-year to USD 190 million in the first half of the year, according to Vietnamese Commercial Affairs Office in Algeria under the Ministry of Industry and Trade.
Rice for exports to Algeria
Key shipments included nearly 32,000 tons of coffee valued at more than USD 68 million (up 27 percent), telephones and spare parts at more than USD 52 million (up 5 percent) and nearly 26,700 tons of rice at USD 10 million, quadrupling the value in the same period last year.
Algeria is Vietnam’s second largest importer in Africa, after South Africa.
Vietnam-Algeria economic cooperation prospects are plentiful, with Algerian consumers familiar with Vietnamese goods, while Algerian animal feed, medicine and natural minerals are sold in Vietnam.
In terms of investment, the Bir-Seba gas and oil joint venture between Petro Vietnam, Sonatrach (Algeria) and PTT (Thailand) became operational in 2015, producing 18,000 barrels each day.
Source: VNA