HCMC – A consultation session held by the Vietnam Trade Office in Algeria on March 26 provided Vietnamese enterprises with updates on export opportunities in three African countries: Algeria, Senegal and Tunisia.
The regular session drew more than 40 Vietnamese, aiming at enhancing information about the potential markets in Africa.
At the event, key features of the three markets were introduced, focusing on sectors such as agriculture, seafood, textiles, footwear, wood products, plastics and chemicals apart from practical advice on partner selection, transactions and payment methods.
Regarding the Algeria market, it was highlighted as a promising market with the population of over 48 million and robust import demand. Trade ties between Vietnam and Algeria have strengthened, with both sides showing growing interest in each other’s markets.
In Algeria, Vietnamese goods are considered competitive in both quality and price. Coffee remains the primary export item, accounting for more than half of the market. Algeria imports coffee, cashew nuts, desiccated coconut, spices like pepper, pangasius fillets and tuna.
For Senegal, with the population of around 19 million, is seen as an open and stable economy. The presence of Vietnamese and Asian communities in Senegal creates opportunities for trading in rice, fruits, vegetables, and package food.
Meanwhile, Tunisia is considered one of the most dynamic economies in North Africa and is located close to Europe. Being a member of the African Continental Free Trade Area (AfCFTA), makes the country a potential gateway for Vietnamese goods to enter the broader African-Arab market. Each year, Tunisia imports 30,000 tons of coffee, mostly raw robusta, 30,000 tons of rice and 360,000 tons of sugar.
