Kazakhstan and Vietnam Look to Expand Economic Cooperation

Kazakhstan - Vietnam economic cooperation

Potential areas for increasing trade between Kazakhstan and Vietnam were discussed on May 15 by the Minister of Industry and Construction of Kazakhstan, Kanat Sharlapaev and the Minister of Industry and Trade of Vietnam, Nguyen Hong Dien.

The parties noted that trade turnover between the two countries amounted to US $979 million in 2023, including $958 million in the trade of industrial products. From January-March 2024, bilateral trade reached $229 million.

The Vietnamese side expressed interest in developing mineral deposits in Kazakhstan, as well as engaging in cooperation in the chemical industry.

In turn, the Kazakh minister echoed the high potential for industrial cooperation between the two countries.

Other sectors earmarked for cooperative development included the production of equipment for light industry, mechanical engineering, energy, agriculture, and food production.

 

 

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Times of Central Asia