Algeria ranks fourth among Vietnam’s export destinations in Africa

Vietnam’s shipments to this African nation were estimated at 271.42 million USD in 2016, up 16 percent year on year.

 Bags of pepper at a factory of the Vietnam National Coffee Corporation (Vinacafe) in Binh Duong province

Among the main export items, 64,050 tonnes of coffee worth 112.96 million USD were sold to Algeria, up 74 percent in volume and 64 percent in value. About 40,097 tonnes of rice were exported to bring home 15.36 million USD, rising 6 percent in volume and 3 percent in value.

Other commodities seeing an increase in shipments were pepper, steel, aquatic products, computers, electronic products and components, machinery and spare parts. 

Meanwhile, the export turnover of telephones and components fell by 26 percent to 76.86 million USD.

Last year, Vietnam’s trade office in Algeria organised an array of trade promotion activities, including five workshops on bilateral trade potential. It also assisted two delegations of Vietnamese businesses to attend international fairs and stepped up communication activities there such as publishing business news bulletins in French. 

The Ministry of Industry and Trade also sent staff members to Algeria to work with local ministries and agencies, seeking ways to boost cooperation in the time ahead. 

To strengthen trade ties and also to mark 55 years of the countries’ diplomatic relationship, Vietnam will work harder to promote bilateral trade in 2017 such as through helping enterprises to participate in the Algiers International Fair and holding four business seminars on economic and trade partnership potential.

Source: VNA