FG urges Vietnam to raise trade volume to $2bn

The Federal Government of Nigeria has urged Vietnam to raise bilateral trade to $2 billion, according to a report by Punch Nigeria. Ambassador Dunoma Ahmed, Permanent Secretary of the Ministry of Foreign Affairs, made the call during a reception marking the 81st National Day of Vietnam and the 50th anniversary of diplomatic relations between Nigeria and Vietnam.

The current trade volume stands at over $1 billion, and Nigeria is aiming to expand this partnership as part of its efforts to achieve a $1 trillion economy. Both countries have maintained steady cooperation in areas such as agriculture, trade, investment, defence, and multilateral diplomacy. The Nigerian government is committed to deepening the partnership and expanding cooperation in various sectors, including agro-agricultural processing, renewable energy, digital economy, pharmaceuticals, skills development, and manufacturing.

Brief written by urgent.news from Punch Nigeria's own syndicated text. Machine-written — may contain errors; check the original before relying on it.