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Algerian and Vietnamese diplomatic authorities took part, Monday in Hanoi, in the 4th session of political consultations between the two countries, devoted to strengthening bilateral ties and promoting expanded cooperation, a press release from the Ministry of Foreign Affairs indicated on Monday.
This session was held on Monday in Hanoi, capital of the Socialist Republic of Vietnam. As reported in the press release, the work was co-chaired by the Secretary General of the Algerian Ministry of Foreign Affairs, National Community Abroad and African Affairs, Lounès Magramane, and the Vietnamese Deputy Minister of Foreign Affairs, Lê Anh Tuân.
It should be noted that this meeting was presented as an appropriate opportunity to assess the current state of bilateral relations and explore new partnership perspectives, the same source noted.
According to the press release, the two delegations examined ways “to strengthen and deepen political and economic cooperation”, in accordance with the common desire of the two countries “to raise their exchanges to a more ambitious level”.
Discussions also focused on the preparation of upcoming bilateral meetings. Furthermore, the two parties held “an exchange of views on several regional and international issues of common interest,” the press release concluded.
In the same vein, the Vietnamese press specified that the two parties had affirmed that economic, commercial and investment cooperation must remain “an essential pillar” of bilateral relations, with the ambition of increasing the volume of trade to nearly a billion dollars “in the near future”.
The Vietnamese Deputy Minister of Foreign Affairs, Lê Anh Tuân, proposed to Algeria to “facilitate the implementation of the Bir Seba oil and gas project” and “to support Vietnam in the development of the halal industry”, again according to the same Vitamin source.
It was also specified that Lounès Magramane indicated that Algeria “is currently reforming its investment legislation”, with the option of attracting more “foreign partners”. The same official invited Vietnamese companies to “explore investment and business opportunities in Algeria,” detailed the Vietnamese press.
Still according to the same source, Lounès Magramane added that the Algerian government will work to create favorable conditions for Vietnamese investors, in particular for the company PetroVietnam Exploration Production Corporation (PVEP).
” They [les deux délégations] also agreed to continue their coordination and mutual support within multilateral forums of which Vietnam and Algeria are members, notably at the United Nations. “, she said. And to add that they also reaffirmed their attachment to “multilateralism”, “international cooperation” and the “peaceful resolution of disputes”, while emphasizing their “convergence of views on several regional and international issues”.