The Qazaq Air airline will change its name to Vietjet
Qazaqstan. The agreement was signed at the Kazakhstan-Vietnam business forum in
Astana. A memorandum for the acquisition of the domestic airline was concluded with
an investor last year, and all of its terms have been fulfilled. The strategic
partnership aims not only to develop the industry but also to strengthen
economic ties between Kazakhstan and Vietnam.
«This is a large-scale niche in which Kazakhstan is ready to
develop an international hub. We attach great importance to cooperation with
Sovico Group, which is completing a deal to acquire Qazaq Air. This will open
up opportunities for expanding the fleet of aircraft and building modern
logistics hubs,» noted Kazakh Deputy Prime Minister Yermek Kosherbayev.
As a transit hub connecting East and West, Kazakhstan is
becoming a gateway to Central Asia for Vietnam. In turn, Vietnam provides the
access to the ASEAN market. Therefore, the two countries are focused on
expanding cooperation through the establishment of joint ventures. Currently,
13 companies with Vietnamese capital are operating in Kazakhstan.
«It’s the biggest construction company in Vietnam. And our
plan is to enter Kazakhstani and this Asian market, Central Asian market. Our
plans are to launch the project in Kazakhstan, to bring here competence in
technologies, competence in really complex construction projects,» said Ablakhat
Kebirov, Head of projects in Kazakhstan and Central Asia of the Vietnamese company.
The parties intend to expand cooperation in the agricultural
sector and food industry. Vietnam, as one of the leaders in the IT field, may
also become Kazakhstan’s strategic partner in digitalizing public services and
implementing AI technologies. Additionally, the parties have reached an
agreement on the construction of a multipurpose tourism complex in Kazakhstan.
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