PM Nguyen Tan Dung (middle), Minister of Planning and Investment Bui Quang Vinh, and Minister of Trade Vu Huy Hoang at the Viet Nam – Algeria Business Dialogue, Algiers, Algeria, May 31, 2015. Photo: VGP

Presiding over the Viet Nam-Algeria Business Dialogue in the Algerian capital, Algiers, on Sunday, PM Dung said Viet Nam has been an attractive destination for foreign investment.

According to UN Conference on Trade and Development (UNCTD), Viet Nam ranks 9^th in terms of foreign direct investment attractiveness, PM Dung said.

Currently, as many as 101 nations and territories have poured US$260 billion in 18,220 projects in Viet Nam.

The nation is actively launching comprehensive international integration policies, especially economic integration, he said, adding that Viet Nam is doing its utmost to coordinate with other ASEAN nations to establish the ASEAN Community by the end of this year and officially signed the Free Trade Agreement (FTA) with the Republic of Korea.

Participants to the Viet Nam – Algeria Business Dialogue

With the prospect of completing 14 FTAs in the future, the PM said that Viet Nam will become a key player in the economic network of 55 partners, including 15 members of the G20 and a gateway for Algerian enterprises to get access to other markets in ASEAN, the US and other nations in the Asia-Pacific region.

The PM expected that the Algerian Government and partners will create favorable conditions for Vietnamese businesses to invest in infrastructure and housing projects and provide more workforce for Algeria.

At the dialogue, PM Dung also clarified questions raised by Algerian enterprises and met with some Algerian businesses in fields of finance, banking, garment and agriculture.

By Thuy Dung