The Embassy of Vietnam and the Nigeria-Vietnam Economic, Trade and Cultural Association (NVETCA) don announce say dem go hold one high-level roundtable business meeting to improve bilateral trade and economic relations between Nigeria and Vietnam.
The meeting, which go be co-hosted by the Vietnamese Ambassador, H.E. Bui Quoc Hung, and the Chairman of NVETCA, Sani Bako, go focus on harnessing more trade areas, especially in agriculture, food processing, import and export, manufacturing, infrastructure, and information technology.
According to Wale Akintade, the Group Director of Strategic Communications and Marketing for NVETCA, both countries need to harness their potentials to find more meaningful and deeper ways of forging mutually beneficial trade and collaboration. Since Nigeria establish diplomatic relations with Vietnam in 1976, trade has only centre around a few commodities and sectors despite the huge potentials available.
Akintade add say Nigeria’s strengths in oil and gas, and huge potential in agriculture and manufacturing, can complement Vietnam’s expertise in technology, textiles, and electronics. Vietnam’s experience in exporting goods to the US and China can also help Nigeria expand its global market reach appreciably.
Key areas being looked at include agricultural trade, where Nigeria can export cashews, cocoa, and other products to Vietnam while importing machinery and technology. There is also a focus on energy, where Nigeria’s oil and gas reserves and Vietnam’s expertise in renewable energy can help reduce the present energy crisis in Nigeria.
In the area of infrastructure development and digital economy initiatives, particularly Nigeria’s growing fintech industry, NVETCA say the country could benefit from Vietnam’s experience in the tech industry.
Expected at the event are some Federal and State Government officials, business chambers, interest groups, and businessmen and women from across the country.
