Prime Minister Nguyễn Xuân Phúc will pay an official visit to Mongolia and attend the 11th Asia-Europe Meeting Summit in Ulan Bator on July 13-16. — VNA/VNS Photo
HÀ NỘI — Prime Minister Nguyễn Xuân Phúc will pay an official visit to Mongolia and attend the 11th Asia-Europe Meeting Summit in Ulan Bator on July 13-16, at the invitation of Mongolian President Tsakhiagiin Elbegdorj and Prime Minister Jargaltulga Erdenebat.
Việt Nam and Mongolia established diplomatic ties on November 17, 1954. Since then, their traditional friendship and multi-faceted co-operation have been maintained and developed in numerous fields.
In recent years, the two countries have maintained regular exchanges of high-level delegations.
In 1979, they set up their Inter-governmental Committee on Trade, Economic, Scientific and Technological Co-operation, which has organised 15 meetings to date. In the 15th session, both countries agreed to co-operate in implementing projects on planting, to continue negotiations on cattle feed production, and to construct facilities for indoor vegetable cultivation in Mongolia.
In December 2012, the two sides exchanged diplomatic notes on the official recognition of their full economic market regulations.
Two-way trade reached US$34.98 million in 2015, up from the $28.1 million the previous year. Việt Nam mainly exports phones, fruit and vegetables, and consumer products to Mongolia, while importing metals and materials for the garment and footwear sectors from the East Asian nation.
Transportation challenges are hindering trade exchange between the two countries. There is currently no direct air route connecting them.
Việt Nam and Mongolia have also signed co-operation agreements on culture, education, and science and technology. — VNS