Nigeria and Vietnam on Monday signed a Memorandum of Understanding (MoU) on defence cooperation.
While Nigeria’s Ambassador to Vietnam; Ambassador Hassan Adamu Mamani, signed for Nigeria, Vietnamese Deputy Minister of National Defence; Senior Lieutenant General Hoang Xuan Chien, signed on behalf of his country.
The signing was one of the highlights of the bilateral meeting between Vice Presidents Yemi Osinbajo and Madam Võ Thị Ánh Xuân, his Vietnam counterpart, at the Presidential Palace in Hanoi.
The need for improved collaboration between Nigeria and Vietnam was the focus of the bilateral meeting on Monday between the two Vice Presidents.
Both countries planned to work together more, particularly in the areas of digital economy, telecommunications, agriculture and trade, among others, for the mutual benefit of the citizens in a determined effort to deepen the long-standing bilateral relations between Nigeria and Vietnam.
Both Osinbajo and Xuân acknowledged the countries’ great market potential generally and especially in digital economy, telecommunications, agriculture (especially cashew nut processing) and trade.
According to Osinbajo “there are vast opportunities that exist for cooperation and collaboration, especially in the area of digital economy and telecoms, and we look forward to the signing of some of the agreements that we have spoken about – the trade and investment agreements, trade projection agreements, double taxation agreements.”
The Vietnamese vice president expressed confidence in Nigeria’s capability to resolve challenges confronting the continent and sub-region and sought the country’s support for Vietnam’s quest to establish relations with ECOWAS.