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  1. #15
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    March 18, 2009 -- The Algerian President, Abdelaziz Bouteflika, has expressed keen interest in enhancing friendly ties between his country and Vietnam.

    He told the Vietnamese Ambassador to Algeria, Do Trong Cuong, on March 17 that Algeria will create the best possible conditions for bilateral cooperation and will have a number of projects reserved for Vietnam in the fields of construction and education.

    During the reception, President Bouteflika spoke highly of the links that both countries have established so far and Vietnam’s socio-economic achievements.

  2. #16
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    April 10, 2009 -- The Vietnam Trade Promotion Agency under the Ministry of Industry and Trade and Vietnam National Trade Fair & Advertising Company (VINEXAD) inaugurated the 19th Vietnam International Trade Fair (Vietnam Expo 2009) at the Vietnam Exhibition and Fair Center on April 8.

    The Fair, under the theme ‘Vietnam: Wide-open Investment and Trade Opportunities’, displays more than 520 standard pavilions, drawing more than 300 Vietnamese enterprises and enterprises from 14 countries and territories like China, Belarus, Malaysia, Korea, Myanmar, Cuba, Laos, Cambodia… And for the first time the Fair sees the participation of Algerian enterprises from Africa. Deputy Prime Minister Hoang Trung Hai cut the ribbon to open the Fair.

    During the Fair, there are several seminars on Vietnam’s export promotion 2009 and forums between Vietnamese and foreign enterprises. Gold medals are to be awarded to outstanding products displayed at the Fair. The Fair will close on April 11.

  3. #17
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    April 23, 2009 -- The Vietnam Chamber of Commerce and Industry organised a workshop in Hanoi on April 23 to explore opportunities for cooperation between Vietnamese and Algerian businesses.

    Addressing the event, Deputy Minister of Industry and Trade Le Danh Vinh said that Vietnam considers Algeria a potential market in Africa and a gateway to other countries in West and Central Africa.

    He said that despite geographical distance, both Vietnam and Algeria want to increase cooperation in economics, trade and industry.

    “Our ministry supports and creates favourable conditions for Algerian businesses to facilitate industrial and trade ties with their Vietnamese partners in line with Vietnamese law and its open-door policy,” said Mr Vinh.

    Sani Bakom, Charge D’Affaires of the Algerian Embassy, pointed out possible areas of bilateral cooperation in the oil and gas, maritime, mining, construction, electricity, agriculture, cement, transport, mechanical engineering and telecommunications sectors. He called on Vietnamese investors to make the most of these advantages to operate more efficiently in Algeria.

    He also underscored the need to establish a direct air route to shorten the distance between the two countries.

    Two-way trade hit more than US$105 million last year, but has yet to match their potential. A lack of information and limited trade promotion are the main causes of poor trade performance. In addition, the two business circles rarely attend each other’s international trade fairs.

    Vietnam mainly exports rubber products, electrical and electronic equipment, footwear, plastics, handicrafts and building materials, and imports raw cashews, fruit, cotton and mineral ores from Algeria.

  4. #18
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    May 27, 2009 -- Algerian Trade Minister El Hachemi Djaaboub on May 26 received a Vietnamese trade delegation, led by Deputy Minister of Industry and Trade Nguyen Thanh Bien, who are visiting Algeria from May 25-31.

    Mr Hachemi expressed his pleasure at welcoming the delegation before the 42nd Algiers International Exhibition Fair, which will open on May 30 with several Vietnamese businesses taking part.

    The minister pledged to create the best possible conditions for both Vietnamese and Algerian enterprises to do business with each other and offered Vietnam a free pavilion at the Algiers International Fair from 2010.

    Meanwhile, a Vietnamese business delegation has stayed in the capital city of Algiers to seek out opportunities for bilateral cooperation through a business forum. It included representatives of 15 Vietnamese companies that import and export garments and textiles, leather shoes, rice, coffee and coconut fibre.

    Last year, Vietnam earned US$75.63 million in exports to the Algerian market, a year-on-year increase of 87 percent.

    Vietnam ships mainly coffee, pepper, rice and seafood to Algeria while it imports cashew nuts and steel from the country at a total cost of more than US$1.2 million a year.

  5. #19
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    ALGIERS, May 28, 2009 — Nearly 50 Vietnamese and Algerian businesses met in Algiers on Tuesday for a trade promotion seminar. Business representatives took the occasion to introduce their products and services, identify needs, inquire about foreign-trade policies and discuss possible co-operative agreements.

    Deputy Minister of Industry and Trade Nguyen Thanh Bien, on a week-long working visit to Algeria that began on Monday, said trade relations between the two countries had been improving, with the signing of a bilateral trade agreement and a number of other significant agreements.

    Bilateral trade exceeded US$77 million in 2008, of which nearly $76 million came from Vietnamese exports of coffee, rice, seafood, pepper, tubes and tyres, and footwear to Algeria. Meanwhile, Viet Nam bought unprocessed cashews and steel scrap from the North African country.

    The result was below the two countries’ potential, said Bien, due to the lack of access to market information and to limited exchanges of business delegations. He called on both sides to overcome the shortcomings and join hands to boost bilateral trade.

    The head of the Algerian Ministry of Commerce’s Foreign Affairs Department, Cherif Zaaf, said that Algeria was a market with a high potential for foreign businesses, noting for instance Viet Nam’s substantial trade surplus with Algeria. The Algerian market could also serve as a base for Vietnamese products to access the Maghreb free market, Zaaf said. He urged both sides to work together to bring bilateral trade to a new height.

    During its stay in Algeria, the Vietnamese delegation was expected to hold working sessions with the Algerian ministries of energy, mining and industry.

  6. #20
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    Lundi 10 Août 2009 -- La société nationale des hydrocarbures Sonatrach a constitué avec la société Petrovietnam Exploration Production Corporation LTD (siège à Hanoi, Vietnam) et la société PTTEP Algeria Company Limited (siège à Cayman, Caraïbes) un groupement dénommé Bir Seba, indique l’acte notarié publiant ce contrat constitutif. Agissant pour le compte de Sonatrach et de RN SGT Ltd, ce groupement est une organisation opérationnelle et administrative conjointe qui assurera les fonctions d’opérateur pour la conduite et l’exécution des opérations pétrolières, rapporte l’APS. Ce groupement, dont le siège est établi provisoirement à Alger avant d’être transféré à Touggourt, a pour objet d’assurer les fonctions d’opérateur au nom et pour le compte des parties, pour la conduite et l’exécution des opérations pétrolières sur les gisements entrant dans le périmètre contractuel. En somme, ses principales missions consisteront à diriger, dans la limite des programmes des travaux et des budgets annuels approuvés par le conseil de gestion, les travaux de développement et l’exploitation des gisements et des installations de surfaces pour l’optimisation de l’exploitation des ressources hydrocarbures.

    Il devra également préparer et soumettre au conseil de gestion pour examen et approbation les programmes de travaux et budgets correspondants et assurer les projets de programmes annuels de production et leur révision ainsi que leur conduite et réalisation et la préparation des programmes d’enlèvement de production, précise-t-on. À ce titre, le groupement devra en particulier proposer à l’examen et à l’approbation du conseil de gestion les projets de travaux à effectuer, les prévisions de production. Il devra préciser les effectifs requis par activité, élaborer les programmes des fournitures nécessaires à la conduite et à l’exécution des opérations et au fonctionnement des installations pétrolières. En outre, cette nouvelle entité sera chargée de négocier et de conclure les contrats de fournitures, de biens ou services nécessaires aux opérations pétrolières à travers les procédures d’appels d’offres et de passation des marchés et à la procédure de délégation de pouvoirs qui seront convenues entre les parties signataires et le conseil de gestion, précise l’acte. Elle procédera à tous appels de fonds auprès des parties pour les sommes qu’elle devra verser, et ce conformément à la procédure comptable, et veillera aux procédures de sécurité et d’environnement.

    De façon générale, le groupement devra conduire les opérations pétrolières en exécutant les programmes de travaux approuvés dans les meilleures conditions techniques et économiques et de préservation des gisements, conformément aux normes générales en vigueur dans l’industrie pétrolière. S’agissant de la nature juridique, le document notarié précise que le groupement est doté de la personnalité morale, ne possède aucun capital et ne détient aucun droit, intérêt, titre de participation ou propriété découlant du contrat, du permis d’exploitation ni aucun titre de propriété qui pourrait porter sur les matériels, équipements ou autres biens acquis ou utilisés dans les opérations pétrolières ou sur les hydrocarbures liquides ou gazeux provenant des gisements.

  7. #21
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    October 26, 2009 -- Vietnam exported over US$79 million worth of goods to Algeria in the first nine months of the year, representing a year-on-year increase of 2.5 percent, according to statistics released by the Algerian Customs. Rice and frozen seafood registered increases of over US$7 million, reaching US$16.8 million and US$7.6 million respectively. Footwear exports posted a year-on-year increase of 646 percent, fetching more than US$2.4 million. Coffee exports earned US$43.9 million, a decrease of 40 percent compared with the same period last year. However, most Vietnam’s exports to Algeria have to go through a third country.

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