Continuing activities during his State visit to Kazakhstan, Party General Secretary To Lam on the morning of July 5 (local time) held separate meetings with leaders of Kusto Group and Kazakhstan’s National Investment Fund.

At the meeting with Chairman of the Coteccons Construction JSC, Kusto Group, Bolat  Duisenov, the Party chief spoke highly of the group’s extensive experience in construction, real estate, transportation and logistics, and consumer goods. He appreciated its deep understanding of Vietnam’s business climate and national development strategies, and acknowledged its active contributions to the development of both Vietnam and Kazakhstan over the years.

Highlighting Vietnam’s increasingly important role in the global economy, the Party leader noted the country’s transformation from a labor exporter to a source of knowledge, technology and modern solutions. In the construction sector, one of the key pillars of Vietnam’s economy, he said many Vietnamese firms have expanded internationally, demonstrating strong competitiveness and integration efforts. These enterprises have embraced advanced technologies, pursued modern governance models and enhanced their international reach.

Affirming Vietnam’s regard for Kazakhstan’s important role in Central Asia, General Secretary To Lam noted that bilateral investment cooperation remains modest and yet to match the two countries’ potential and strengths. He stressed that Vietnam desires to strengthen relations with Kazakhstan across all channels - Party, National Assembly and Government.

He urged businesses from both countries, including Kusto Group and Coteccons, to leverage their advantages to establish and expand value chains connecting the two economies and linking to global markets, thereby promoting investment and business cooperation in the coming period. He also welcomed both firms to continue exploring and expanding cooperation in construction and rare earth mining in Kazakhstan, on the basis of effective investment, mutual benefit and compliance with each country’s legal regulations.

In response, Duisenov said Kusto Group has nearly two decades of investment experience in Vietnam. With its strength in construction and IT, the group is keen to invest in fields that match Vietnam’s development needs. He expressed hope that the Vietnamese Party and Government would create favorable conditions for the group to engage in national infrastructure projects and broaden cooperation across various fields, thus making substantial contributions to Vietnam’s new development era.

At a meeting with Nurlan Zhakupov, Chairman of the Management Board of Samruk-Kazyna JSC – Kazakhstan’s national investment fund, the Party chief noted that the launch of direct flights in October 2022 and the visa exemption agreement taking effect in May 2024 have created strong momentum for tourism and people-to-people exchanges. Vietnam, he added, is taking active measures to attract foreign investment, including from Kazakhstani businesses, in areas such as semiconductors, renewable energy, agriculture, high technology, digital economy, digital transformation, innovation and the development of international financial centers.

To match the newly established strategic partnership between the two countries and the target of raising bilateral trade to US$5 billion by 2030, the Party General Secretary called on Samruk-Kazyna to tap into its strengths to help build value chains that link both countries and connect with global markets, thus fostering stronger investment and business ties.

For his part,  Zhakupov said Samruk-Kazyna is one of the world’s largest investment funds with charter capital of around US$80 billion and extensive experience in oil, gas and mineral extraction. The fund, he said, is eager to pursue long-term business opportunities in Vietnam.

Welcoming the Party chief’s forward-looking remarks,  Zhakupov said the fund will send a working delegation to Vietnam to meet with relevant ministries and agencies to explore potential investment projects in key sectors such as high-speed rail, aviation, telecommunications and mining.

The same day, To Lam and his high-level delegation visited the Astana International Financial Centre. After receiving a briefing on its scale, functions, and operational model, the delegation toured its key areas, including a green finance centre and financial court.

Party leader attends military parade marking 80 years of Victory over Fascism in Kazakhstan

VOV.VN - Party General Secretary To Lam, his spouse and a high-ranking Vietnamese delegation attended a military parade marking the 80th anniversary of Victory over Fascism in Astana on May 7 in Astana, the capital of Kazakhstan.

Party leader meets with Kazakhstan’s lower house speaker

General Secretary of the Communist Party of Vietnam Central Committee To Lam met with Yerlan Koshanov, Speaker of the Mazhilis - the lower house of Kazakhstan’s parliament, who is also Chairman of the ruling Amanat Party, in Astana on May 6 afternoon (local time).