Thaco to export bus parts to Kazakhstan

PANO - Kazakhstan is willing to bolster its multifaceted cooperation with Vietnam, especially in politics, trade and investment, said Kazakhstan Ambassador to Vietnam Zhumakhanov at a press conference on December 7 in Hanoi on the occasion of the 25th anniversary of the country’s National Day (December 16, 1991-2016). The Kazakhstan ambassador stressed that since its independence on December 16, 1991, his country has obtained a lot of achievements in the cause of national construction and protection and during its transition to the market-oriented economy and international integration. He also recalled that Vietnam and Kazakhstan established their diplomatic ties on September 26, 1992 and since then, their relations have been strongly developing on the basis of mutual respect and trust. Attentively, the free trade agreement (FTA) between Vietnam and the Eurasian Economic Union (EAEU), which came into effect last year, has contributed to strengthening bilateral trade cooperation. The Ambassador hoped that with this FTA, more goods will be traded between Vietnam and Kazakhstan and other EAEU member countries. At present, Vietnam’s main exports to Kazakhstan include tea, cosmetics, paper products, footwear, machineries, computers and other spare parts while Vietnam is importing asbestos, rolled steel sheets, alloy, stainless steel and transport equipment from Kazakhstan. Regarding the negotiation on the operation of the Vietnam-China-Kazakhstan railway line, the Ambassador said that thanks to rail transport agreements inked among the three countries, goods could be conveyed via China. In the coming time, involved parties would try their best to make this railway line operational for…... [read more]

Kazakhstan wants to cooperate with Vietnam in railway sector Truc Diem HANOI – Kazakhstan expressed its interest in cooperating with Vietnam in railway transport, thus promoting bilateral trade between the two countries in the years to come. Last year saw a sharp fall in bilateral trade due to Kazakhstan’s economic recession. Specifically, two-way trade reached US$162.1 million, falling 71% against 2014, according to data released on December 7 by the embassy of Kazakhstan in Vietnam. Of the total, Vietnam’s exports to Kazakhstan accounted for US$153 million, down 70% year-on-year, and imports made up US$9.1 million, dropping 87%. At a press conference held on December 7 on the occasion of celebrating 25 years of Kazakhstan’s Independence Day, Beketzhan Zhumakhanov, Kazakh Ambassador to Vietnam, said bilateral trade in the first ten months of this year has bounced back to US$275.5 million, with Vietnam’s exports and imports making up US$155.8 million and US$120.5 million respectively. In May 2015, Vietnam and the EAEU, which comprises Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia, signed a free trade agreement (FTA), which will spur trade between the two sides as 90% of tariff lines are slashed to zero, Beketzhan Zhumakhanov added. According to the embassy, Vietnam’s major exports to Kazakhstan include farm produce and garments, while it imported steel and vehicles from the member state of the EAEU. However, cargo transport from Vietnam to Kazakhstan faces many challenges owing to the geographical distance. The shipping time could last around two months, affecting the quality of farm produce exported…... [read more]

Vietnam, Kazakhstan seek to prop up trade Van Ly By Van Ly - The Saigon Times Daily HANOI - Vietnam and Kazakhstan are seeking measures to recover their bilateral trade that fell sharply last year. Last year saw two-way trade between the two countries totaling US$162.1 million, falling 30% against 2014, heard a forum on transport cooperation among Vietnam, Kazakhstan and the Eurasian Economic Union (EAEU) in Hanoi on Monday. Of the total, Vietnam’s exports to Kazakhstan accounted for US$153 million, down nearly 30% year-on-year, and imports made up US$9.1 million, dropping 13%, Deputy Minister of Industry and Trade Hoang Quoc Vuong told the forum. In 2013, two-way trade between Vietnam and Kazakhstan hit US$159 million, up a staggering 185% against 2012. The figure amounted to US$229 million in 2014, a year-on-year increase of 44%. In the first three months of this year, bilateral trade stood at US$41.7 million, with Vietnam’s exports and imports making up US$37 million and US$4.7 million respectively, Vuong said. However, he did not compare the figures with the same period last year. Vietnam exported cellphones, computers and parts, farm produce, seafood, machines, and steel to Kazakhstan, and imports metal, ores, and mineral products from the member state of the EAEU. Trade growth between the two countries is not stable and goods imports and exports have not been diversified, Vuong said. The deputy minister said the free trade agreement (FTA) between Vietnam and the EAEU member states Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia will bring both…... [read more]

Vietnam and Kazakhstan have boosted multifaceted cooperation relations since the two sides established diplomatic ties in 1992. After signing the Free Trade Agreement (FTA) with the Customs Union of Russia, Belarus and Kazakhstan, Vietnam also signed an FTA with the Eurasian Economic Union (EEU) on a comprehensive scope, at high level of commitment and with ensured balance of interests. Rich cooperation potential Kazakhstan opened its embassy in Hanoi in early 2014. Vietnam and Kazakhstan always have a common voice in international and regional fora. The two sides support each other to participate in international and regional organisations and summon annual political consultations at deputy foreign minister level. A lot of agreements signed provide a legal basis for the development of relations in various fields such as investment promotion and protection, double taxation avoidance, timed work duration, crop protection, tourism, education and training. Dr Doan Duy Khuong, Vice President of the Vietnam Chamber of Commerce and Industry (VCCI), said that Vietnam and Kazakhstan have signed a lot of framework agreements on economic cooperation, trade, diplomacy, education, investment, labour, energy and others. However, in general, Vietnam - Kazakhstan economic and trade relations are still modest, incommensurate with the potential and desire of the two sides. According to trade statistics, the total bilateral trade turnover reached US$229 million in 2014, up 44 percent over 2013 and up 5.2 times over 2010. Specifically, Vietnam’s exports valued US$218.4 million, up 42 percent and Kazakhstan’s exports totalled US$10.5 million, up 2 times against 2013). Vietnam’s key…... [read more]

Dr Doan Duy Khuong, Vice President of the Vietnam Chamber of Commerce and Industry (VCCI), recently received Mr Beketzhan Zhumakhanov, Ambassador Extraordinary and Plenipotentiary of the Republic of Kazakhstan in Vietnam, at the VCCI Headquarters in Hanoi. The meeting aimed to discuss development investment cooperation between the two countries, especially garment, textile and agricultural export and import. Kazakhstan is the second largest country in the Commonwealth of Independent States (CIS) after Russia and has the highest economic growth amongst CIS countries. Kazakhstan’s economy developed quite sustainably (GDP rose by 8.4 percent a year on average in the 2004-2008 period). Kazakhstan is rich in natural resources like minerals, oil and gas, and soil for agricultural development. Kazakhstan is strong at mining and processing, construction and agricultural machine manufacturing and military equipment. After Kazakhstan declared independence, Vietnam recognised Kazakhstan and the two established diplomatic relations on September 26, 1992. The Vietnam - Kazakhstan Intergovernmental Committee on Economic, Commercial, Scientific and Technological Cooperation was established and called for the first meeting in October 1997 at Almaty. So far, the committee has met six times, with the last taking place on November 12, 2013. At the meeting, the two sides assessed the implementation of contents in the 5th Meeting Minutes of the Intergovernmental Committee; a Vietnam - Kazakhstan joint action programme in 2011-2013; results in bilateral economic, commercial, scientific and technological cooperation between Vietnam and Kazakhstan. The two sides expect the 7th gathering of the Intergovernmental Committee to be held in the fourth quarter…... [read more]

(VEN) - Vietnam and Kazakhstan have agreed upon concrete, practical solutions to strongly promote bilateral economic cooperation at the sixth session of the Vietnam-Kazakhstan Intergovernmental Committee on Economic, Trade and Scientific and Technological Cooperation recently held in Hanoi. Failing to meet potential According to Vietnamese Deputy Minister of Industry and Trade and Vietnam-Kazakhstan Intergovernmental Committee on Economic, Trade and Scientific and Technological Cooperation's Vietnam Sub-Committee Chairman Le Duong Quang, the effective implementation of the minutes of the committee's 5th session and the 2011-2013 joint action program between Vietnam and Kazakhstan gave a new vitality to bilateral trade and investment cooperation. Bilateral trade reached US$85.6 million in 2012 (including US$72.2 million worth of Vietnam's exports and US$13.8 million worth of Vietnam's imports), up 176 percent from 2011, and US$74.7 million in the first half of 2013, up more than 200 percent from the same period in 2012. Vietnam exported to Kazakhstan phones and parts, agricultural products (rice, cashews and pepper), textiles, garments, machinery and spare parts, and iron and steel of different kinds and imported from this market chemical products, metals, ores and minerals. From 2011-2013, the two countries signed a number of important agreements to create favorable conditions for the business community, including an agreement on investment promotion and protection, an agreement on plant quarantine and protection, an agreement on law assistance in civil and trade fields, and an agreement on tourism cooperation. Vietnam's investment in Kazakhstan is about US$6 million, while Kazakhstan's investment in Vietnam has amounted to US$1…... [read more]

HA NOI (VNS)— Viet Nam and Kazakhstan have agreed to speed up co-operation in various areas such as industry, trade, investment, tourism and aviation. The consensus was reached at the sixth session of the Viet Nam-Kazakhstan Inter-Governmental Committee on Economic, Trade and Scientific-Technological Co-operation in Ha Noi on Tuesday. During the event, Vietnamese Deputy Minister of Industry and Trade Le Duong Quang spoke highly of bilateral relations between the two countries, especially in trade and commerce. He said the visits of Government leaders had helped to open a new page in the two countries' relationship. In order to facilitate bilateral ties, Kazakhstan would open its Embassy in Viet Nam next year, said Kazakh Deputy Foreign Minister S Sarubai. The Vietnamese Ministry of Industry and Trade said that two-way trade had experienced encouraging growth in recent years, reaching US$85.6 million in 2012, up 176 per cent year-on-year. Over the first half of this year, trade topped $74.7 million, surging over 200 per cent against the same period last year. Viet Nam's major exports to Kazakhstan include phones and accessories, farm produce, garments and textiles, machinery and steel, while it imports chemicals, metals and ore. In an effort to create a legal framework for economic and trade co-operation, the two nations have taken an initiative to start negotiations for a free trade agreement between Viet Nam and the Customs Union of Belarus, Kazakhstan and Russia earlier this year. They have also accelerated co-ordination in tourism, aviation and investment with the launch of…... [read more]

(VOV) -Vietnam and Kazakhstan have committed to enhancing cooperation in various areas ranging from politics to economics, trade, industry, customs, judiciary, investment, culture, sports, tourism and aviation. Vietnam, Kazakhstan boost friendship Kazakhstan airline eyes Vietnam market Kazakhstan, Vietnam seek stronger economic ties The commitment was made at the sixth session of the Vietnam-Kazakhstan Inter-governmental Committee on Economic, Trade and Scientific-Technological Cooperation in Hanoi on November 12. Vietnamese Deputy Minister of Industry and Trade Le Duong Quang and Kazakh Deputy Foreign Minister S. Sarubai co-chaired the event. The two sides assessed the implementation of the previous session's minutes, the Joint Action Plan for the 2011-2013 period, and outcomes of bilateral economic, trade, scientific and technological cooperation over the past time. They also discussed issues affecting their cooperation while proposing concrete solutions to enhance the linkage in the time to come. Deputy Minister Quang said political and diplomatic ties have developed fruitfully. He said the visit to Vietnam by Kazakh President N. Nazabaev at the end of 2011 and the visit to Kazakhstan by President Truong Tan Sang in September last year have created an impulse for further economic and trade links between the two countries. Vietnam and Kazakhstan have signed several important cooperative documents in various realms during the 2011-2013 period, including agreements on animal quarantine and protection, investment encouragement and protection, tourism cooperation and judicial assistance in civil and trade sectors, he said, adding that many others are under consideration. Deputy Minister S. Sarubai announced Kazakhstan's decision to open its…... [read more]

(VEN) - At the invitation of the Republic of Kazakhstan's President Nursultan Nazarbayev, Vietnam President Truong Tan Sang paid an official visit to Kazakhstan on September 10-11. The visit took place in the context of growing bilateral relations and had additional significance as 2012 is the year in which Vietnam and Kazakhstan celebrate the 20th anniversary of diplomatic relations (September 26, 1992 - September 26, 2012). Vietnam and Kazakhstan have strengthened multifaceted cooperation. The two countries support each other in multilateral forums such as the United Nations (UN), the Asia Pacific Economic Cooperation (APEC) forum, the ASEAN Regional Forum (ARF) and the World Trade Organization (WTO). Vietnam has supported Kazakhstan's standing for election to the United Nations Human Rights Council (UNHRC) for the 2012-2015 tenure and Kazakhstan has supported Vietnam's standing for election to this organization for the 2013-2016 tenure. The two countries have also exchanged many high-ranking delegations. Late Prime Minister Vo Van Kiet and Prime Minister Nguyen Tan Dung visited Kazakhstan in June 1994 and September 2009, respectively. Republic of Kazakhstan's President Nursultan Nazarbayev paid a visit to Vietnam from October 30 to November 1, 2011. A Kazakhstan Deputy Minister of Foreign Affairs and the Chairman of the Kazakhstan Division of the Vietnam-Kazakhstan Intergovernmental Committee visited Vietnam. Apart from good political relations, Vietnam and Kazakhstan have been developing economic ties that have progressed considerably. The two countries have the huge potential for economic cooperation. Vietnam is strong in farm produce, seafood, textile/garment and footwear, while Kazakhstan has plentiful…... [read more]

VGP - State President Truong Tan Sang will pay a State visit to Kazakhstan from September 10-11 at the invitation of Kazakhstani President Nursultan Nazarbayev. The visit aims at strengthening the multifaceted ties between Viet Nam and Kazakhstan. The two countries established diplomatic relations on June 29, 1992. Since then, both sides have maintained exchange of high-ranking delegations and bilateral meetings and supported each other at the United Nations and other international forums. The bilateral economic-trade cooperation has also been progressing. Viet Nam's key exports to Kazakhstan include phones and spare parts, computers, electronics, vegetables, cashew, nuts, pepper, and garments. To boost economic, trade and technological cooperation, an Inter-governmental Committee was set up. At the Committee's 5th meeting in Astana on September 16, 2011, both sides signed the Viet Nam-Kazakhstan Joint Action Plan for the 2011-2013 period. By Hai Minh... [read more]

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