Discussion held on development of trade, economic and technical cooperation with Vietnam

2022-08-04 14:50:01

Ulaanbaatar/MONTSAME/. Deputy Minister of Food, Agriculture and Light Industry G. Batsuuri received Deputy Minister of Industry and Trade of the Socialist Republic of Vietnam Tran Quoc Khanh on August 3.

At the outset of the meeting, Deputy Minister G. Batsuuri said that the 17th meeting of the Mongolia-Vietnam intergovernmental commission on trade, economic, scientific, and technical cooperation took place on December 3-6, 2019 in Hanoi, Vietnam. During the meeting, the sides agreed to take concrete measures to increase the trade volume between the two countries to USD 100 million. In connection, he emphasized the great importance of expanding cooperation in the industrial sector and the trade of finished and unfinished products.

Within the framework of the measures to be carried out to expand the scope of trade, economic and technical cooperation between Mongolia and Vietnam, the following works are possible to be implemented:

- To cooperate and make mutually beneficial investment in the construction of production and technology parks in Mongolia,

-To support and cooperate in increasing the capacity of spinning and weaving factories,

- To cooperate in the construction of a complex of wood processing plant

- To promote the activities of private sectors and non-governmental organizations that produce eco-cosmetic products, and develop cooperation in supplying products to the Vietnamese market.  

-To involve teacher, workers, and students in the training of the garment manufacturing business, to exchange experience, and establish a joint venture.