Vietnam, Mongolia seek stronger economic, trade ties

Deputy Prime Minister Trinh Dinh Dung held a reception in Hanoi on December 6 for Mongolian Minister of Food, Agriculture and Light Industry Ulaan Chultem.
Vietnam, Mongolia seek stronger economic, trade ties ảnh 1 Deputy Prime Minister Trinh Dinh Dung (R) and Mongolian Minister of Food, Agriculture and Light Industry UlaanChultem (Photo: baochinhphu.vn)
Hanoi (VNA) – Deputy PrimeMinister Trinh Dinh Dung held a reception in Hanoi on December 6 for MongolianMinister of Food, Agriculture and Light Industry Ulaan Chultem who is in Hanoito attend the 17th meeting ofthe Vietnam-Mongolia Inter-Governmental Committee for Economic, Scientific, andTechnical Cooperation.

Dungnoted that the traditional relationship between Vietnam and Mongolia is growingin all fields such as politics, economy, trade and culture, reflected through people-to-peoplediplomacy and regular meetings at all levels.

Hewelcomed the Mongolian minister’s visit which takes place at a time when thetwo countries are celebrating the 65th founding anniversary ofdiplomatic ties.

Dung held that economic, tradeand investment partnerships between the two countries have yet to meetpotential and expectations of both sides.

Last year, two-way trade reachedonly 31.5 million USD, down 53.6 percent over 2017, he noted, stressing theneed for both sides to maintain the regular exchange of delegations and high-levelmeetings, and promote the efficiency of the inter-governmental committeemechanism.

The Deputy PM expressed his hopethat both sides would focus on dealing with problems during the cooperationprocess, while strengthening connections between business communities andmarkets of Vietnam and Mongolia, considering the opening of a direct air route betweenthe two countries and creating a favourable conditions for enterprises of bothsides to foster partnerships.

For his part, Ulaan Chultem saidthat during the 17th meeting of theVietnam-Mongolia Inter-Governmental Committee for Economic, Scientific and TechnicalCooperation, the two sides agreed on important measures to further bolstereconomic, trade and investment cooperation towards the goal of 100 million USDin two-way trade in 2020.

Hesuggested that Vietnam and Mongolia should strengthen trade exchange and opentheir doors widely for each other’s goods, thus optimizing the potential andadvantages of each country.

Mongoliahopes to import rice, coffee, vegetable oil, confectionery products, eggs,poultry meat and aquatic products from Vietnam, and export to Vietnam coal,frozen meat and leather, he said./.
VNA

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