Vietnam Calls for Rapid Entry into Algeria’s Energy and Agricultural Markets as Both Countries Move to Operationalize a Strategic Economic Partnership
✍️ BY: Dr. Hana Saada
Algiers – November 2025 – In a high-stakes economic gathering held on Wednesday in Algiers, Algerian Prime Minister Sifi Ghrieb and his Vietnamese counterpart, Pham Minh Chinh, jointly presided over the Algeria–Vietnam Business Forum, a forum marked by an unprecedented mobilisation of private-sector actors from both countries. More than 200 Vietnamese companies and over 300 Algerian business representatives converged on the event, providing the clearest indication yet that bilateral cooperation has shifted from diplomatic symbolism to a resolutely operational phase.
Pham Minh Chinh delivered what can only be described as a strategic roadmap for Vietnam’s future presence in Algeria’s economy. Speaking with rare clarity, he asserted Vietnam’s intention to invest heavily in hydrocarbons, petrochemicals, renewable energies—particularly wind power—agriculture with a focus on rice and tea cultivation, aquaculture, and high-technology industries. His message to Vietnamese enterprises was direct and urgent: move swiftly. Algeria’s reforms, he noted, are materialising “rapidly on the ground,” and the window to position Vietnamese companies as early entrants into Algerian projects “must not be missed.”
Prime Minister Ghrieb, for his part, underscored the extraordinary potential available to both sides. He highlighted that over sixty cooperation agreements, spanning politics, economics, and culture, already frame the bilateral relationship. These agreements, Ghrieb argued, must now be translated into concrete projects. He recalled the momentum generated by the Algiers–Hanoi economic forum of October 2023 and positioned the current forum as a decisive step designed to identify implementable projects capable of generating employment, wealth creation, and long-term industrial capacity.
One theme dominated the exchanges: the need to design investment projects that are achievable, bankable and aligned with the structural transformations underway in both economies. Ghrieb emphasised that regular meetings of the Joint Cooperation Committee and direct encounters between business actors are essential to raising the partnership to a significantly higher level.
Pham Minh Chinh went further, proposing that the mixed intergovernmental committee be upgraded to fall under the joint authority of the Algerian and Vietnamese foreign ministers—an elevation that signals Hanoi’s desire for tighter political oversight and faster execution mechanisms. He reminded participants that the relationship has now reached the status of a strategic partnership and insisted that “there is no limit to our bilateral cooperation.”
Agriculture emerged as a focal point of opportunity. Vietnam’s vice-minister of agriculture stressed his country’s global export capacity—approximately 65 billion USD worth of agricultural products shipped annually to 175 countries, including rice, coffee and tea. He highlighted significant opportunities for joint ventures in dry and semi-arid agricultural practices, noting that Vietnam’s accumulated expertise could directly bolster Algerian production capacities. He called for the renewal of older agreements and the drafting of an updated action plan to institutionalise this cooperation.
Energy, too, stood at the centre of Vietnamese commercial ambitions. A representative of the Vietnamese business delegation outlined prospective investments in green hydrogen, offshore wind power, new hydrocarbon exploration and potentially long-term LNG and gas supply contracts from Algeria to Vietnam—sectors that Hanoi described as “vital” to its national energy security.
Despite this dynamic engagement, Ghrieb acknowledged the current limitations: bilateral trade amounted to only 369 million USD in 2024, a figure that starkly illustrates the unrealised potential between the two economies. He insisted on the need to diversify cooperation rapidly into key areas including mining, digital technologies, industrial production, pharmaceuticals, construction, public works, startups and renewable energies.
To attract and anchor Vietnamese investment, Ghrieb reiterated Algeria’s commitment to legal stability and investor protection. He highlighted the new investment law, which provides extensive advantages and guarantees for foreign and domestic investors alike. Central to this improved framework is the newly established one-stop shop dedicated to major and foreign investments, along with institutional backing from the Algerian Investment Promotion Agency (AAPI).
The forum concluded with targeted B2B sessions, offering direct avenues for project formulation and partnership development. The closing moment, however, came with the landmark announcement of a major agreement between Sonatrach and Petrovietnam—an agreement expected to define a fresh framework of collaboration in hydrocarbons. This signature, the culmination of extensive dialogue between the two national companies, was presented as a decisive step toward building high-level, durable partnerships in one of Algeria’s most strategic sectors.
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