The 16^th meeting of the Mongolian and Vietnamese intergovernmental commission was held on 8^th of August. The agriculture ministers of the two countries participated in the meeting which aims to increase cooperation in trade, the economy, agriculture, health and education.

According to Mongolian statistics, the volume of trade with Vietnam amounted for USD 43.0 million in 2016, USD 2.9 million of which were exports and USD 40.1 million were imports.

Under the cooperation agreement, the two sides plan to increase the volume of trade to USD 70 million in 2020. Furthermore, Mongolia is planning to export meat, leathers, and cashmere to Vietnam as well as to import fish, clothes and other items.