Vietnam – Kyrgyzstan Sign Minutes Of The Second Round Of Negotiations On The Double Taxation Avoidance Agreement

On the morning of April 23, at the headquarters of the Tax Department, the negotiation delegations of Vietnam and Kyrgyzstan held a signing ceremony for the Minutes of the Second Round of Negotiations on the Double Taxation Avoidance Agreement (DTA) between the two countries, marking an important step forward in promoting bilateral cooperation in taxation, investment, and trade.

The negotiations took place in an atmosphere of friendship, cooperation, and mutual understanding. Both sides reviewed all provisions of the draft Agreement, discussed in detail the remaining differences, and reached consensus on all provisions of the Agreement. All articles of the draft tax treaty were reviewed and discussed by both parties, while issues not yet fully agreed upon by the two delegations were placed in square brackets for further discussion in the coming period.

The signing of the Minutes of the Second Round of Negotiations serves as an important basis for both sides to continue completing the necessary procedures toward the formal signing of the Agreement in the near future.

Speaking at the meeting, Mr. Dang Ngoc Minh, Deputy Director General of the Tax Department and Head of the Vietnamese Negotiation Delegation, emphasized that Vietnam and Kyrgyzstan established diplomatic relations in 1992 on the foundation of friendship and mutual respect. The two countries have maintained cooperation in many fields such as economics, trade, education, and culture, while also coordinating actively in international forums. However, economic, trade, and investment relations between the two countries still hold significant room for further development.

In practice, bilateral trade turnover in 2025 reached approximately USD 21.5 million, of which Vietnam exported USD 10.8 million worth of goods such as computers, mobile phones, and agricultural products, while imports amounted to USD 10.7 million, mainly cotton. In terms of investment, Kyrgyzstan currently has four projects in Vietnam with a total registered capital of around USD 5 million. Meanwhile, Vietnam is also interested in expanding investment into Kyrgyzstan in potential sectors such as mining, agriculture, and tourism.

“In this context, negotiating and moving toward signing a Double Taxation Avoidance Agreement carries significant importance in establishing a transparent and stable legal framework aligned with international practices, thereby promoting investment and trade flows and protecting the legitimate interests of businesses and taxpayers in both countries,” the leadership of Vietnam’s Tax Department shared.

Representing the Kyrgyz side, Mr. Ruslan Tynaliev, Director of the Customs Policy Department under the Ministry of Economy and Commerce, expressed confidence that, with goodwill and a spirit of cooperation, the Agreement, once signed, will become an important foundation for strengthening economic and financial relations between the two countries, while opening up many new cooperation opportunities in the future.

The signing ceremony of the Minutes of the Second Round of Negotiations not only marks the positive results of the working process between the two delegations, but also reaffirms the strong commitment of Vietnam and Kyrgyzstan to promoting integration, improving the investment and business environment, and strengthening international cooperation in taxation.