Nigeria and Vietnam have reached a significant trade milestone, with bilateral trade hitting $1 billion in 2024/2025, according to Bui Quoc Hung, Vietnam’s ambassador to Nigeria.
This marks the first time trade between the two countries has surpassed the $1 billion mark, with Vietnam importing crude oil and raw materials from Nigeria and exporting textiles and other goods.
The ambassador highlighted the growing relationship between Nigeria and Vietnam, citing expanded cooperation in politics, trade, defence, and people-to-people exchanges.
Vietnam is interested in deepening agricultural cooperation with Nigeria, leveraging its expertise in rice production to address Nigeria’s food security challenges.
APC chairman Nentawe Yilwatda praised the milestone, noting Nigeria’s stable democratic governance and improving macroeconomic environment. Both leaders agreed to strengthen diplomatic, economic, and political ties between the countries.
