Kazakhstan and Vietnam, key players in their respective regions, have officially upgraded their bilateral relationship to a strategic partnership, to deepen cooperation across a range of sectors.
The joint statement establishing the strategic partnership was signed during a state visit by General Secretary of the Communist Party of Vietnam, To Lam, and President of Kazakhstan, Kassym-Jomart Tokayev. The agreement highlights a mutual commitment to closer collaboration in diplomacy, economics, and cultural exchange.
In addition to the joint statement, both sides signed several memoranda of cooperation covering key areas such as technology, innovation, digital transformation, culture, and sports. These agreements include cultural and sports cooperation programs for the period 2025–2027 and a twinning initiative between Kazakhstan’s Kyzylorda region and Vietnam’s Hung Yen province to foster local-level engagement.
Economically, the countries finalized a notable transaction involving the sale of shares in Qazaq Air between Kazakhstan’s sovereign wealth fund, Samruk-Kazyna, and Vietnam’s Sovico Group. In the energy sector, KazMunayGas and Petrovietnam Exploration Production agreed to cooperate on geological exploration projects, opening doors for joint ventures in resource development.
Simultaneously, Kazakhstan and UAE also expanded their partnership. President Kassym-Jomart Tokayev welcomed the signing of more than 20 commercial agreements worth $5 billion during the official visit of the Crown Prince of Abu Dhabi Sheikh Khaled bin Mohamed bin Zayed Al Nahyan to Kazakhstan on May 12.
During the negotiations, President Tokayev emphasized that the United Arab Emirates (UAE) is one of Kazakhstan’s main partners, sharing common goals and aspirations. In 2023, both governments signed a Joint Declaration on strategic investment projects, and the inflow of direct investment from the UAE in 2024 more than doubled.
Crown Prince Al Nahyan noted that bilateral ties now go beyond trade and investment, covering various areas from energy and transport to digital infrastructure and education.
Abu Dhabi Future Energy Company PJSC – Masdar and Samruk Kazyna Sovereign Wealth Fund signed collaboration agreement related to the development of renewable energy and battery energy storage system (BESS) projects in Kazakhstan during the official visit of the Crown Prince of Abu Dhabi Sheikh Khaled bin Mohamed bin Zayed Al Nahyan to Kazakhstan on May 12.
Kazakhstan aims to generate 15% of electricity from renewable energy sources by 2030 and 50% by 2050. Masdar signed an agreement at COP28 with W Solar, Qazaq Green Power QGP, a Samruk Kazyna Group company, and the Kazakhstan Investment Development Fund to develop and implement the one gigawatt (GW) wind project. The power purchase agreement and the investment agreement for the project were signed at COP29 in Baku last year, with construction expected to begin in 2026.
The joint statement establishing the strategic partnership was signed during a state visit by General Secretary of the Communist Party of Vietnam, To Lam, and President of Kazakhstan, Kassym-Jomart Tokayev. The agreement highlights a mutual commitment to closer collaboration in diplomacy, economics, and cultural exchange.
In addition to the joint statement, both sides signed several memoranda of cooperation covering key areas such as technology, innovation, digital transformation, culture, and sports. These agreements include cultural and sports cooperation programs for the period 2025–2027 and a twinning initiative between Kazakhstan’s Kyzylorda region and Vietnam’s Hung Yen province to foster local-level engagement.
Economically, the countries finalized a notable transaction involving the sale of shares in Qazaq Air between Kazakhstan’s sovereign wealth fund, Samruk-Kazyna, and Vietnam’s Sovico Group. In the energy sector, KazMunayGas and Petrovietnam Exploration Production agreed to cooperate on geological exploration projects, opening doors for joint ventures in resource development.
Simultaneously, Kazakhstan and UAE also expanded their partnership. President Kassym-Jomart Tokayev welcomed the signing of more than 20 commercial agreements worth $5 billion during the official visit of the Crown Prince of Abu Dhabi Sheikh Khaled bin Mohamed bin Zayed Al Nahyan to Kazakhstan on May 12.
During the negotiations, President Tokayev emphasized that the United Arab Emirates (UAE) is one of Kazakhstan’s main partners, sharing common goals and aspirations. In 2023, both governments signed a Joint Declaration on strategic investment projects, and the inflow of direct investment from the UAE in 2024 more than doubled.
Crown Prince Al Nahyan noted that bilateral ties now go beyond trade and investment, covering various areas from energy and transport to digital infrastructure and education.
Abu Dhabi Future Energy Company PJSC – Masdar and Samruk Kazyna Sovereign Wealth Fund signed collaboration agreement related to the development of renewable energy and battery energy storage system (BESS) projects in Kazakhstan during the official visit of the Crown Prince of Abu Dhabi Sheikh Khaled bin Mohamed bin Zayed Al Nahyan to Kazakhstan on May 12.
Kazakhstan aims to generate 15% of electricity from renewable energy sources by 2030 and 50% by 2050. Masdar signed an agreement at COP28 with W Solar, Qazaq Green Power QGP, a Samruk Kazyna Group company, and the Kazakhstan Investment Development Fund to develop and implement the one gigawatt (GW) wind project. The power purchase agreement and the investment agreement for the project were signed at COP29 in Baku last year, with construction expected to begin in 2026.
