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Nigeria and Vietnam to partner on rice importation

Mr. Ngo Hoan, the Deputy Director-General at the Vietnam Ministry of Industry and Trade, has announced the Vietnamese government’s plan to begin rice exportation to Nigeria.

Workers unload 42,494 tonnes of Thai rice at the Tanjung Priok harbour in Jakarta January 25, 2011. Indonesia's state procurement agency Bulog is looking for at least 170,000 tonnes of Thai rice for delivery from January to March, a trader said early this month. The government has allowed Bulog to import rice this year to shore up falling stocks. REUTERS/Crack Palinggi (INDONESIA - Tags: BUSINESS FOOD)

Ngo, who spoke on the sidelines of a Vietnam/Nigeria Business Forum on Monday in Lagos, said that his government and the Nigerian authorities were already discussing the plan.

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Ngo, a 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.

He said, “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 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.”

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.”

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