The Vietnamese Ambassador to Nigeria, Mr Bui Quoc Hung. Photo credit: NAN
The Ambassador of Vietnam to Nigeria, Bui Hung, says bilateral trade between Nigeria and Vietnam has grown from about $250 million in 2015 to over $1 billion in 2025, describing the development as a major milestone in the economic relations between both countries.
Hung disclosed this on Thursday in Abuja during a press briefing marking the 50th anniversary of diplomatic relations between Nigeria and Vietnam.
He said the steady growth reflects deepening economic cooperation and expanding business opportunities between the two countries over the past decade.
“Bilateral trade turnover has increased significantly over the past decade. In 2015, two-way trade reached nearly USD 250 million; in 2016, it increased to over USD 300 million. From 2020 to 2023, two-way trade hovered around USD 500 – 600 million.
