Updated  
April, 17 2014 09:03:00

Mongolia seeks textile partnership with City

Photo Tran Viet

HCM CITY (VNS)  — HCM City and Mongolia have much potential in trade, especially in garment and textile, Regzenda Sandag of the Mongolian Ministry of Industry and Agriculture told Vietnamese officials at a bilateral seminar held in HCM City yesterday.

Regzenda said his country, whose economy is based mostly on agriculture, is trying to integrate into the global economy.

It exports hundreds of items to the EU with low tariffs and is negotiating a free trade agreement with Japan, making it an attractive investment destination for companies, especially those building industrial parks, he said.

His country wants to co-operate with HCM City businesses in the garment and textile sector to develop its own industry and exports, he added.

Nguyen Binh An, deputy head of the Viet Nam National Textile and Garment Group's southern office, said Viet Nam's garment and textile industry, which employs 2.5 million workers, is growing at 15-20 percent annually.

Last year trade between the city and Mongolia was estimated at more than US$3 million.

Tran Xuan Dien, deputy director of the city Department of Industry and Trade, said there is huge potential for economic co-operation between the city and Mongolia.

"HCM City has advantages in human resources while Mongolia has raw materials. But the biggest challenges for the two sides are language and geography."

At a recent meeting with the chairman of the Ulaanbaatar city council, Dashjamts Battulga, Le Hoang Quan, the HCM City chairman, promised to foster ties with the Mongolian capital.

The two leaders spoke about the need to organise more business forums to create opportunities for businesses in the two cities to establish links. — VNS


Send Us Your Comments:
Name:
Your E-mail address:
Title:
 

VietNamNews may edit your comments and not all emails will be published.

Highlight

Viet Nam issues directive to prevent Ebola outbreak 1    Viet Nam issues directive to prevent Ebola outbreak

People from countries affected by the Ebola outbreak in the last 21 days, will have to sign a medical declaration before entering Viet Nam from August 15.

Overseas PhDs fail to guarantee jobs 2    Overseas PhDs fail to guarantee jobs

People who earn their PhD (Doctor of Philosophy) abroad on State budget money, often return home to find their employment chances are relatively dim.

Elephants at risk in Dak Lak 1    Elephants at risk in Dak Lak

Elephant numbers are falling rapidly in Dak Lak Province and local authorities are struggling to protect the giant animals from the threat of extinction.

Mui Ne rated 2nd most beautiful beach in Southeast Asia 2    Mui Ne rated 2nd most beautiful beach in Southeast Asia

Mui Ne beach in the central province of Binh Thuan has been rated by travel guide Canadian Travellers as one of the 11 most beautiful beaches in Southeast Asia.

New fleet of tuna vessels to set sail in September New fleet of tuna vessels to set sail in September

The Ship Institute at the University of Nha Trang and the Yanmar Company of Japan last Saturday launched a composite-hulled tuna fishing ship in Nha Trang City.