OREANDA-NEWS. February 04, 2014. The agreement is aimed at creating favourable legal conditions for encouragement and reciprocal protection of investments, improving the investment climate and further development of mutually beneficial economic and trade cooperation between two countries - said the Head of Ministry of Economy and Budget Planning Yerbolat Dossaev speaking at the plenary meetings of the Senate.

Vietnam is among the top ten fastest growing economies in the world. Entry into force of the Agreement will give impetus to further improvement of the investment cooperation between two countries.

From 2005 to the first 9 months of 2013 gross Vietnamese investment flows in Kazakhstan amounted to USD 2.4 million.

The volume of Kazakh-Vietnamese trade turnover for January - November 2013 amounted to USD 221.8 million (exports - USD 1.4 million, import - USD 220.4 million), that is 2 times more than the same period in 2012 (USD 121.3 million).