Uzbekistan and Vietnam Deepen Economic Cooperation at 8th Intergovernmental Session
Economy
The 8th session of the Uzbekistan-Vietnam Intergovernmental Committee took place in Hanoi. The sides discussed trade, industry, agriculture, tourism, and culture, confirming their intention to develop joint investment projects and strengthen bilateral economic ties.
In Hanoi, Ilzat Kasimov, Deputy Minister of Investments, Industry and Trade of Uzbekistan, and Phan Thi Thang, Deputy Minister of Industry and Trade of Vietnam, held the 8th session of the Uzbekistan-Vietnam Intergovernmental Committee.
The parties discussed current cooperation and highlighted potential in:
agriculture,
industry and logistics,
tourism and culture.
The ministers emphasized the complementarity of their economies and agreed to coordinate efforts to turn experience sharing into concrete joint projects with the support of relevant ministries.
Kasimov thanked the Vietnamese delegation for the warm welcome, reaffirmed Vietnam’s priority for Uzbekistan, and highlighted the importance of cooperation within the Joint Trade Commission. He proposed establishing a working group to stimulate bilateral trade and investment conditions.
Phan Thi Thang stressed the significance of the meeting for strengthening friendship and cooperation. At the end of the session, the parties signed a protocol confirming the agreements.
Additionally, Kasimov held talks with several Vietnamese companies:
With Masan group — opportunities in critical minerals extraction and processing and transport sector cooperation;
With ROX — acceleration of tourism and urban development projects;
With Sovico — potential partnerships in transport, urban planning, tourism, and finance;
With Vingroup — launching investment projects in key sectors of Uzbekistan’s economy.
Agreements were signed to expand bilateral economic ties. It was also noted that Uzbekistan intends to attract around $42 billion in foreign investment by 2025 as part of policies to improve the investment climate and stimulate economic growth.
The parties discussed current cooperation and highlighted potential in:
agriculture,
industry and logistics,
tourism and culture.
The ministers emphasized the complementarity of their economies and agreed to coordinate efforts to turn experience sharing into concrete joint projects with the support of relevant ministries.
Kasimov thanked the Vietnamese delegation for the warm welcome, reaffirmed Vietnam’s priority for Uzbekistan, and highlighted the importance of cooperation within the Joint Trade Commission. He proposed establishing a working group to stimulate bilateral trade and investment conditions.
Phan Thi Thang stressed the significance of the meeting for strengthening friendship and cooperation. At the end of the session, the parties signed a protocol confirming the agreements.
Additionally, Kasimov held talks with several Vietnamese companies:
With Masan group — opportunities in critical minerals extraction and processing and transport sector cooperation;
With ROX — acceleration of tourism and urban development projects;
With Sovico — potential partnerships in transport, urban planning, tourism, and finance;
With Vingroup — launching investment projects in key sectors of Uzbekistan’s economy.
Agreements were signed to expand bilateral economic ties. It was also noted that Uzbekistan intends to attract around $42 billion in foreign investment by 2025 as part of policies to improve the investment climate and stimulate economic growth.
Powered by Froala Editor