The Nigeria-Vietnam Economic, Trade and Cultural Association (NVETCA), in partnership with the Vietnamese Embassy in Nigeria, is set to hold a high-level roundtable business meeting in Abuja on October 30.
This meeting aims to strengthen bilateral trade and economic ties between Nigeria and Vietnam.
In a statement released by Wale Akintade, NVETCA’s Director of Strategic Communications and Marketing, the event will be co-hosted by Bui Quoc Hung, Vietnamese Ambassador to Nigeria, and Sani Bako, Chairman of NVETCA.
The discussions will focus on expanding trade opportunities in key sectors such as agriculture, food processing, import and export, manufacturing, infrastructure, and information technology.
“Both countries must now harness their potential to find deeper, mutually beneficial ways of trade and collaboration,” Akintade said. He highlighted the need to move beyond the limited trade relations that have existed since diplomatic ties were established in 1976.
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The roundtable will explore how Nigeria’s strengths in oil, gas, agriculture, and manufacturing can complement Vietnam’s expertise in technology, textiles, and electronics. Vietnam’s successful export strategies to the United States and China could also provide Nigeria with insights to expand its global market reach.
The meeting will cover areas such as agricultural trade, where Nigeria could increase exports of cashews, cocoa, and other products to Vietnam, while importing machinery and technology to boost local production. Additionally, both countries will explore energy cooperation, leveraging Nigeria’s oil and gas reserves alongside Vietnam’s renewable energy expertise.
Akintade noted that Nigeria’s fintech industry could benefit from Vietnam’s advancements in technology, further driving economic growth in both countries.
The event is expected to attract federal and state government officials, as well as business chambers and interest groups from across Nigeria.
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