Việt Nam’s exports to Algeria grow 37%
Việt Nam’s exports to Algeria grow 37%
Viet Nam’s export revenue to Algeria rose 37 per cent year-on-year to US$190 million in the first half of the year.
The figures were revealed by the Vietnamese Commercial Affairs Office in Algeria under the Ministry of Industry and Trade.
Key shipments included nearly 32,000 tonnes of coffee valued at more than $68 million (up 27 per cent), telephones and spare parts at more than $52 million (up 5 per cent) and nearly 26,700 tonnes of rice at $10 million, quadrupling the value in the same period last year.
Algeria is Viet Nam’s second largest importer in Africa, following South Africa.
Viet Nam-Algeria economic co-operation prospects are plenty, with Algerian consumers familiar with Vietnamese goods, while Algerian animal feed, medicine and natural minerals are sold in Viet Nam.
In terms of investment, the Bir-Seba gas and oil joint venture between PetroVietnam, Sonatrach (Algeria) and PTT (Thailand) became operational in 2015, producing 18,000 barrels per day.
