PM News (Nigeria)
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November 21, 2016. Bags of rice Mr Ngo Hoan, Deputy Director-General at the Vietnam Ministry of Industry and Trade, on Monday announced the Vietnamese government’s plan to facilitate rice exportation to Nigeria Ngo told said on the sidelines of a Vietnam/Nigeria Business Forum in Lagos that his government and the Nigerian authorities were already discussing the proposal. The Ministry’s deputy director-general of South West Asia and Africa Market Department said that more Vietnamese companies were becoming interested in Nigeria’s big market for their products.

« The Vietnamese government is currently working on improving the legal framework for strengthening business cooperation between Nigeria and Vietnam « More importantly, we are currently working on the possibility of signing a Memorandum of Understanding (MoU) with Nigeria on rice trade into the Nigerian markets. « If this MoU is signed, Vietnam hopes to become the stable supplier of rice at reasonable prices to Nigerians, » he said.

Ngo said that the Vietnamese government had already signed such rice supply MoUs with the Philippines and many African countries. The Vietnamese government official said that he led a delegation of 18 Vietnamese companies to Lagos for the companies to study the Nigerian market and interact with the Nigerian business community.

« This delegation of 18 Vietnamese companies to Lagos is meant to facilitate trade transactions between Nigeria and Vietnam in the years ahead. « We need to organise more frequently, many more of such different trade delegations between our two countries in the future, » he added.

Posted. on November 21, 2016, 1:56 pm Filed under Business News, Metro, News, World.