President of Kazakhstan Kassym-Jomart Tokayev (Photo: AFP/VNA) |
The visit will be made at the invitation of President Vo Van Thuong.
Vietnam and Kazakhstan established diplomatic relations in 1992. Since the Vietnam-Eurasian Economic Union (EAEU) Free Trade Agreement went into effect in 2016, bilateral trade turnover between Vietnam and Kazakhstan has increased by around 28% annually, reaching 600 million USD last year. The two countries now aim for trade turnover to reach 1.5 billion USD by 2030.
Kazakhstan has five FDI projects in Vietnam, with a total registered capital of half a million USD , focusing on science, technology, telecommunications and retail.
Around 10,000 visitors travel from Kazakhstan to Vietnam a year.