The Kazakh Parliament’s Lower Chamber on January 15 approved a draft agreement on investment encouragement and protection with Vietnam.
Kazakh Minister of Economy and Budget Planning Erbolat Dossaev said the draft provides regulations relating to export, nationalisation, compensation and divergence settlements.
It also covers the establishment of an international court to solve disputes (if any) between the two countries, he added.
According to the minister, two-way trade between Kazakhstan and Vietnam during the first 11 months of 2013 reached 221.8 million USD. Of the total, the country’s export turnover to Vietnam was only 1.4 million USD.
One of the most promising investment cooperation areas is oil and gas, with partnership NC KazMunaiGas Joint Stock Company and the Vietnam National Oil and Gas Group (Petro Vietnam), he said.-VNA
Kazakh Minister of Economy and Budget Planning Erbolat Dossaev said the draft provides regulations relating to export, nationalisation, compensation and divergence settlements.
It also covers the establishment of an international court to solve disputes (if any) between the two countries, he added.
According to the minister, two-way trade between Kazakhstan and Vietnam during the first 11 months of 2013 reached 221.8 million USD. Of the total, the country’s export turnover to Vietnam was only 1.4 million USD.
One of the most promising investment cooperation areas is oil and gas, with partnership NC KazMunaiGas Joint Stock Company and the Vietnam National Oil and Gas Group (Petro Vietnam), he said.-VNA
