Prime Minister Pham Minh Chinh speaks at the Vietnam-Algeria Economic Forum. (Photo: Lai Hoa/VOV)

Addressing 500 officials and business representatives from the two countries, PM Chinh said Vietnam and Algeria have great cooperation potential in multiple areas, and the newly-established strategic partnership framework will open up a space for more collaboration.

Mr. Chinh called on Vietnamese investors to invest in Algeria’s energy sector—particularly wind and solar power—and to expand oil refining and petrochemical production. He urged Petrovietnam to increase investment with a view to exporting to other markets, and proposed that Viettel Group work with Algerian partners to manufacture 5G and 6G equipment.

“We can invest in Algeria in everything from tea farming to the production of 5G chips. Algeria’s land and natural resources, combined with the intelligence of the two peoples, and their spirit of solidarity, unity, and mutual support in the past, present, and future, will enable us to transform Algeria’s natural resources into wealth for the Algerians and the Vietnamese as well,” said the PM.
Algerian Prime Minister Sifi Ghrieb delivers remarks at the economic forum. (Photo: Lai Hoa/VOV)

Algerian Prime Minister Sifi Ghrieb said that with a GDP of 260 billion USD — the third largest in Africa — and abundant natural resources, especially oil and gas, Algeria is pursuing economic transition and diversification.

Delegates attending the forum (Photo: Lai Hoa/VOV)
He expressed his government’s desire to work closely with Vietnam in technology, agriculture, digital transformation, energy, oil, gas, pharmaceuticals, and tourism development, while promoting trilateral cooperation models within the framework of South–South cooperation.