Strategic Partnership Enters Implementation Phase
Nguyễn Hòa Bình and Serik Zhumangarin met to move forward with the Strategic Partnership framework that was agreed upon last year. The talks focused on translating high-level commitments into concrete economic and financial cooperation. Both sides emphasized implementation as the priority stage of bilateral relations.
Kazakhstan sent its best wishes to Vietnam for the success of the 14th National Congress of the Communist Party. There was faith in Vietnam’s long-term growth path and rising status on the world stage. The meeting confirmed that trust in each other’s politics is the basis for more cooperation.
Source: primeminister.kz
Trade Expansion and Business Council Formation
In 2026, the two countries agreed to set up a Vietnam-Kazakhstan Business Council to improve cooperation between businesses. The goal of this platform is to boost trade between the two countries and make it easier for institutions to work together. Trade facilitation was named a top priority for the near future.
Kazakhstan plans to expand exports to Vietnam, including flour, beef, cooking oil, and wheat shipments already recorded in 2025. These goods fit with Kazakhstan’s agricultural strengths and Vietnam’s need for imports. Both sides think that diversifying trade is important for staying strong.
Gateway Roles Connecting Markets in the Region
Kazakhstan called itself a “golden gateway” for Vietnam to get to markets in Central Asia and Europe. In return, Vietnam was envisioned as Kazakhstan’s gateway to Southeast Asia. This model of reciprocal access shows that the two countries have similar strategic geography.
Such connectivity would reduce logistical barriers and expand market reach for businesses in both countries. Officials pointed out that transport corridors and regulatory coordination are important factors. The idea is the basis for the proposed economic-financial corridor.
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Financial Connectivity and Working Together on Rules
Vietnam talked about its plans to build an international financial center as a way to boost growth. The goal of the initiative is to help the next phase of development happen quickly and lastingly. It was pointed out that financial ties with Kazakhstan could be a good strategic opportunity.
Kazakhstan was happy with the plan and said it was ready to connect regulatory bodies, exchanges, issuers, and investors. One concrete step that was suggested was working with the Astana International Financial Center. It was important to share experiences in governance and operations.
Creating a Financial Corridor Between Regions
Nguyễn Hòa Bình went to the Astana International Financial Centre to learn about how it is set up and how it works. He said that it was similar to the planned financial center in Vietnam. These similarities could help institutions work together more quickly.
Both sides agreed that the two centers could work together more closely to create a financial corridor between regions. This corridor would link Southeast Asia, Central Asia, and Europe through a coordinated system of financial infrastructure. Officials called this a long-term strategic asset.
Expanding Cooperation Beyond Traditional Sectors
The Vietnamese side suggested that the two countries work together more in areas like technology, going green, and going digital. People thought these areas were important for staying competitive in the future. People said that financial services were a cross-cutting enabler.
Kazakhstan expressed support for broadening cooperation into emerging sectors. There were also announcements about cultural and diplomatic efforts, such as a new consulate in Ho Chi Minh City. These actions are meant to strengthen ties between people and institutions.
Promoting Investment and Business Links
Nguyễn Hòa Bình also met with Nurlan Zhakupov, the CEO of Samruk-Kazyna, to talk about how businesses can work together. The talks were mostly about developing the value chain and investing across borders. It was decided that improving connections between businesses should be a top priority.
Vietnam told companies that work with Samruk-Kazyna to look into investing in its future financial center. Energy, mining, and telecommunications are some of the possible sectors. Both sides agreed that this would strengthen the links between the economy and global markets.
