Mongolian Ambassador expects existing economic relations between the two countries to grow in the future.
Mongolia has placed special emphasis on cooperative relations with Southeast Asian countries, Mongolian Ambassador to Vietnam H.E. D. Enkhbat told a press conference in Hanoi on June 24. “We fully believe that Vietnam will be the bridge in those relations,” he added.
He expressed his satisfaction with the regular visits and meetings conducted by the two countries’ leaders. “The visit to Vietnam by Mongolian leaders in 2013 and the visit to Mongolia by Vietnamese leaders in 2008 opened a new and important page in cooperation and pushed relations to a higher level,” he said.
“The two countries have had traditional relations and offered mutual support in the United Nations as well as in other international and regional organizations,” the Ambassador added. He acknowledged that Vietnam worked hard to persuade the European Union and other countries to recognize it as a market economy. In 2012 the two countries therefore recognized each other as being market economies.
Trade turnover between Vietnam and Mongolia in 2014 was $28.1 million, an increase of 57 per cent against the $17.9 million recorded in 2010. Over the last 23 years there have been 163 economic units of Vietnam investing in Mongolia, with total investment of $25.9 million. “In the future the traditional relations between the two countries will be extended,” he expects.
He concluded that efficient economic relations would be strengthened and integrated into the global economy, viewing this as a target for both.