Cooperation helps Vietnam and Algeria expand strategic space

In the context of the world restructuring the supply chain, Vietnam and Algeria have the opportunity to get closer together. The Vietnam-Algeria cooperation not only adds economic benefits but also helps each country expand its strategic space, diversify foreign relations and increase its autonomy.

Processing plant at Bir Seba mining project, symbol of Vietnam-Algeria cooperation.

In the context of the world restructuring the supply chain, Vietnam and Algeria have the opportunity to get closer together. Vietnam has an increasingly important role in Asia, while Algeria is emerging as the economic-industrial center of North Africa. Vietnam-Algeria cooperation not only adds economic benefits but also helps each country expand its strategic space, diversify foreign relations and increase its autonomy. That is the assessment of Algeria's leading political -economic expert, Mr. Goumiri, on the occasion of Prime Minister Pham Minh Chinh's official visit to Algeria.

Expert Goumiri emphasized that the visit could become a milestone that opens a period of accelerating deeper cooperation between the two countries at the political, economic , trade, investment, cultural and people-to-people levels. The expert analyzed that the product structure between the two countries is ideally complementary. Vietnam has strengths in high-quality agricultural products, while Algeria has great advantages in energy, fertilizers, chemicals, and some North African food products... These items can not only be directly exchanged between the two countries but can also become important inputs for processing, manufacturing and assembly industries if the two sides establish a stable supply chain.

According to experts, Vietnamese enterprises are fully capable of opening direct investment projects or joint ventures in Algeria. Many specific industries are suitable for the capacity of Vietnamese enterprises such as mechanical engineering and assembly and many areas with potential for cooperation such as pharmaceutical and chemical production, information technology, digital transformation and software solutions. Algeria can expand investment in Vietnam in the energy, maritime transport, services and trade sectors...

Source: https://nhandan.vn/hop-tac-giup-viet-nam-va-algeria-mo-rong-khong-giant-chien-luoc-post924085.html