Mongolia welcomes Vietnamese investors
Mongolia keeps its door open to Vietnamese businesses in order to boost bilateral economic and trade cooperation, Mongolian President Tsakhiagiin Elbegdorj said at the Vietnam-Mongolia Business Forum in Ho Chi Minh City on November 22.
The President, who is on a State visit to Vietnam from November 21-24, said his country boasts a vast land area and a developed animal husbandry sector, so Mongolia and Vietnam can cooperate in meat trading, as well as in other sectors of great potential in Mongolia, such as coal mining, oil exploration and tourism.
He added that Mongolia, which borders Russia and China, can serve as a base for Vietnamese businesses to expand into these two giant markets.
The President emphasized that his country has issued the Investment Law with many favourable policies for foreign investors.
Deputy Chairwoman of the HCM City People’s Committee Nguyen Thi Hong said Mongolia and Vietnam in general and HCM City in particular can boost cooperation in hi-tech husbandry, farm produce processing and export, rice production and tourism, taking into account their respective strengths.
She noted HCM City’s exports to Mongolia reached over US$1.5 million in the first half of this year, which remains modest compared to the two sides’ potential.
The forum provided a good chance for Mongolian businesses to study Vietnamese market, especially HCM City, and for Vietnamese enterprises to seek business opportunities with Mongolian partners, Hong said.
She affirmed that HCM City always welcomes Mongolian leaders, businesses and tourists to the city.