Official vows to boost investment in Mongolia
VNEconomyNews.com - A senior official of the Ministry of Agriculture and Rural Development (MARD) has pledged to encourage businesses to invest in Mongolia in the principles of equality and mutual interest.
Tran Kim Long, Deputy Head of the MARD’s International Cooperation Department, made the statement at a business forum specialising in relations with Mongolia, held in Hanoi on August 5.
Long said the ministry would help businesses solve outstanding problems and develop solutions to boost bilateral trade and investment relations.
Chuluun Bayarmunkh from the Mongolian embassy emphasised that his country’s political stability and security made it ideal for foreign investment.
Foreign investment has been encouraged as an important factor to sustain the nation’s economic growth, said the diplomat.
Long-term agreements and financial stimuli for foreign investors, including tax reduction and exemption as well as policies in favour of exports, have turned Mongolia into a promising land for investors, he said.
The Vietnam Chamber of Commerce and Industry (VCCI), a forum co-sponsor, acknowledged that two-way trade revenues remained modest, at 9.8 million USD in 2009.
That figure is expected to rise to 10 million USD in 2010 with canned vegetables, groceries, sweets, cooking oil and veterinary medicine to be Vietnam’s major hard currency earners.
Tran Kim Long, Deputy Head of the MARD’s International Cooperation Department, made the statement at a business forum specialising in relations with Mongolia, held in Hanoi on August 5.
Long said the ministry would help businesses solve outstanding problems and develop solutions to boost bilateral trade and investment relations.
Chuluun Bayarmunkh from the Mongolian embassy emphasised that his country’s political stability and security made it ideal for foreign investment.
Foreign investment has been encouraged as an important factor to sustain the nation’s economic growth, said the diplomat.
Long-term agreements and financial stimuli for foreign investors, including tax reduction and exemption as well as policies in favour of exports, have turned Mongolia into a promising land for investors, he said.
The Vietnam Chamber of Commerce and Industry (VCCI), a forum co-sponsor, acknowledged that two-way trade revenues remained modest, at 9.8 million USD in 2009.
That figure is expected to rise to 10 million USD in 2010 with canned vegetables, groceries, sweets, cooking oil and veterinary medicine to be Vietnam’s major hard currency earners.
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