The Vietnamese Ambassador to Nigeria, Mr. Bui Quoc Hung, announced that trade between Vietnam and Nigeria reached an unprecedented $1 billion in 2024, marking the first time the bilateral trade volume has exceeded $600 million.
Speaking in an interview with the News Agency of Nigeria in Abuja on Wednesday, Ambassador Bui described the milestone as a significant achievement. “Historically, our trade volume hovered between $500 and $600 million, but last year it surged to one billion dollars for the first time,” he said enthusiastically.
He also highlighted the strong bilateral ties between Vietnam and Nigeria, Africa’s largest economy, spanning multiple sectors. Vietnam mainly exports electronics, garments, and textiles to Nigeria, while importing raw materials such as cashew nuts.
Ambassador Bui emphasized the vast potential for agricultural cooperation between the two countries. He pointed out that Nigeria’s ongoing food security challenges and Vietnam’s expertise in agricultural development present a mutually beneficial opportunity.
“The scope for collaboration in agriculture between our nations is immense. Vietnam’s robust agricultural sector can play a key role in supporting Nigeria’s food security efforts,” he stated.
The envoy also stressed the importance of cultural exchanges, calling for more delegation visits and programs to strengthen artistic and cultural ties between Vietnam and Nigeria.
Looking ahead, Ambassador Bui noted the upcoming 50th anniversary of diplomatic relations between the two countries, encouraging both sides to leverage this milestone to deepen cooperation further.
(NAN)
