As part of the National Trade Promotion Program 2013, the Department of African, West and South Asian Markets under the Ministry of Industry and Trade will send a delegation of 18 businesses to the city of Alger, Algeria from October 18-24, 2013.
The delegation will survey the Algerian market and meet partners, present Vietnamese products to seek opportunities for promoting Vietnam’s exports to Algeria, focusing on products such as rice, coffee, pepper, coconut flesh, frozen, canned seafood, electronic home appliances, computers and components, footwear, textiles and garments, rubber products, plastic materials, industrial machinery, mechanical devices, agricultural machinery, chemicals, steel and iron, auto components and spare parts, motorbikes, construction materials and handicrafts.
Algeria is a North African country with 1,500km of coastline, bordering Morocco, Tunisia, Lebanon, Mauritania, Mali and Niger. Covering an area of 2,381,740sq.km, Algeria is the second largest country in Africa, with a population of about 37.4 million. In the economic aspect, Algeria is the seventh largest country in the world in terms of natural gas reserves and 14th in terms of petroleum reserves. Algeria is the second largest natural gas exporter in the world. In recent years, the political situation in Algeria has been stable and the Algerian economy has benefited from oil price increases; the lives of Algerian people have improved. Last year, the gross domestic product (GDP) of Algeria reached US$206.5 billion with the per-capita GDP reaching US$5,526. Regarding foreign trade, in 2012, its export value reached US$76.84 billion with main export products including petroleum, natural gas and petroleum products (these products accounted for 97 percent of the total export value). The import value reached US$47.53 billion with main import products including production materials, food, beverage and consumer goods.
Algeria has a high demand for importing the above products. Thanks to its strategic geographic location, Algeria is a gateway through which goods from Asian countries can penetrate the West and Middle African markets.
In recent years, trade between Vietnam and Algeria has continuously increased. In 2012, Vietnam’s exports to Algeria reached US$129 million, a rise of 28 percent compared with 2011, with Algeria being the fifth largest African export market of Vietnam. Main export products included coffee (US$58.96 million), rice (US$35.61 million), seafood (US$9.5 million), pepper (US$6.5 million), computer, electronic products and components (US$3.4 million), telephones and components (US$3.2 million), and coconut flesh (US$2 million).
Vietnam’s imports from Algeria were inconsiderable, totaling US$1.2 million, mostly including wood products, carrot powder, steel and iron, materials for animal feed production pharmaceuticals and chemicals.
In the first seven months of 2013, Vietnam exported to Algeria US$101.33 million worth of products, up 15 percent compared with the same period last year (coffee US$31.52 million, rice US$28.6 million, telephones and components US$10.8 million, pepper US$10 million, seafood US$5.5 million, machinery, equipment, tools and spare parts US$4.8 million, steel and iron US$3.2 million, footwear, computer, electronic products and components, coconut flesh, auto components, textiles and garments, chemicals and plastic products. Bilateral trade remains modest and incommensurate with the potential of the two countries.
Therefore, the Department of African, West and South Asian Markets under the Ministry of Industry and Trade decided to send a business delegation to Algeria to seek opportunities to increase exports to this market.
For further information, interested businesses can contact the Department of African, West and South Asian Markets under the Ministry of Industry and Trade via the following address:
54 Hai Ba Trung, Hanoi
Tel: 04 22205409
Fax: 04 22205517
Contact person:
Mr. Hoang Duc Nhuan
Mobile: 0945118383
Email: chinq@moit.gov.vn
Đăng ký: VietNam News