Kazakhstan and Vietnam signed a joint action plan for the development of trade and economic cooperation

On August 21, 2023, as part of the official visit of the Head of State K. Tokayev to Vietnam, Deputy Prime Minister - Minister of Trade and Integration of Kazakhstan Serik Zhumangarin and Minister of Industry and Trade of the Socialist Republic of Vietnam Nguyen Hong Zien signed an intergovernmental joint Action Plan for accelerated development of trade and economic cooperation for 2023-2025.

The document is aimed at expanding cooperation in the field of trade, investment, agriculture, in particular, expanding the range of goods supplied, cooperation in the field of special economic zones and standardization agencies, the transfer of Vietnamese agricultural technologies, the development of cooperation between Almaty and Ho Chi Minh City, Aktau and Da Nang, as well as the creation of the Kazakh-Vietnamese Business Council.

The trade turnover between Kazakhstan and Vietnam in January-June 2023 amounted to $610.9 million, which is 3.5 times higher than in the same period of the previous year ($174.7 million).

Exports from Kazakhstan to Vietnam in January-June 2023 increased 4.7 times and amounted to $116.6 million.