Uganda and Vietnam strengthened their longstanding relationship through economic diplomacy during the Pearl of Africa Business Forum – Vietnam Chapter in Hanoi

Uganda and Vietnam strengthened their longstanding bilateral relationship through economic diplomacy when the Pearl of Africa Business Forum – Vietnam Chapter brought together more than 300 government officials, business leaders, investors, researchers and development partners in Hanoi. The forum provided a platform to translate Uganda–Vietnam political relations into practical cooperation in trade, investment, agriculture, agro-processing, ICT, tourism, energy, minerals, oil and gas, and manufacturing. Forum figures indicated that bilateral trade had risen from US$28.6 million in 2024 to US$53.4 million in 2025, while broader annual trade figures presented during the engagement put total trade at approximately US$95.47 million, comprising US$49.85 million in Ugandan exports to Vietnam and US$45.62 million in imports. The figures underscored growing commercial links while also highlighting the considerable space for further expansion. Vietnamese investment in Uganda was estimated at approximately US$40 million, with projects including Ba Dinh JSC’s US$35 million gold exploration investment and ATAD Steel’s construction-related investment of about US$500,000, alongside other Vietnam