The Nigeria-Vietnam Chamber of Commerce and Industry (NVCCI) has partnered with Vietnam’s Joint Stock Company to provide sustainable renewable energy solutions aimed at tackling Nigeria’s long-standing power challenges.

Announcing the collaboration in a statement on Tuesday, NVCCI President, Oye Akinsemoyin, emphasized the urgency of transitioning to green energy sources in the 21st century.

“In the 21st century, it is expected that renewable energy would become increasingly attractive as a self-replenishing energy source because of its inexhaustible supply and its non-polluting character,” Akinsemoyin stated.

He noted that the NVCCI had invested millions of naira over the past 15 months to build relationships with Vietnamese experts and tap into their technological capabilities.

“Renewable energy is a natural, green source of energy, and it attracts the attention of a large proportion of the energy market demand,” he said. “It contributes to combating climate change and reaching net-zero carbon emissions.”

To further accelerate sectoral investment, the NVCCI, alongside its counterpart—the Vietnam Chamber of Commerce and Industry—is planning an investor forum focused on renewable energy. The event will bring together policymakers, business leaders, and stakeholders to identify strategies tailored to Nigeria’s energy landscape.

“A draft of the agenda for an investment forum is being planned,” Akinsemoyin revealed.

The move comes as trade between Nigeria and Vietnam reached a record high of $1 billion in 2024, according to the Embassy of Vietnam. Nigeria’s major exports include raw cashew nuts, coconuts, and oily seeds, while Vietnam ships in electric batteries, knit t-shirts, and rolled tobacco.

The collaboration aims not only to boost trade but to provide practical solutions to Nigeria’s energy crisis and support the global shift toward clean energy.