At a recent meeting at VCCI headquarters in Hanoi, VCCI President Ho Sy Hung and H.E. Ganbaatar Hulan, Ambassador Extraordinary and Plenipotentiary of Mongolia to Vietnam, discussed opportunities for cooperation between Vietnamese and Mongolian businesses, as well as preparations for the Mongolian Prime Minister’s planned visit to Vietnam in November 2026.

Ambassador Ganbaatar Hulan expressed her wish for a Memorandum of Understanding (MoU) between VCCI and the Mongolian National Chamber of Commerce and Industry (MNCCI) to be signed during the Mongolian Prime Minister’s visit. She proposed that the two sides hold an online meeting to further review and finalise the draft MoU, while coordinating the implementation of trade promotion activities. Key initiatives would include a Business Forum and B2B meetings to facilitate direct connections between businesses from the two countries.

In response, VCCI President Ho Sy Hung emphasised the need to organise an early meeting at VCCI to exchange information on the Mongolian market, including investment and business procedures, as well as the needs of Vietnamese businesses. On this basis, VCCI could work with the Embassy to prepare business networking activities in conjunction with the Mongolian Prime Minister’s visit

Based on the business connectivity needs discussed at the meeting, the scope of potential cooperation was expanded to include agriculture and food processing; textiles and garments, wool, cashmere and leather; light industry; mining and mining equipment; construction and building materials; logistics; information technology and digital services; e-commerce; banking; finance; investment; and tourism.

Agriculture and processing were among the areas of particular interest to the Mongolian side. The Embassy of Mongolia expressed its interest in connecting with Vietnamese businesses capable of importing and distributing goat and sheep meat, while also exploring cooperation opportunities in wool, cashmere and leather. Mongolia’s livestock-based raw materials could be linked with the production and processing capabilities of Vietnamese enterprises to develop products for export to third-country markets.

Logistics was another area identified as important for improving bilateral trade. The Mongolian side sought to establish connections with Vietnamese logistics companies, exchange information on logistics centres, and explore solutions to improve the transportation of goods between Vietnam and Mongolia.

The two sides also discussed Vietnam’s experience in developing industrial parks, digital transformation and food processing. Ambassador Ganbaatar Hulan expressed her wish to strengthen connections that would enable Mongolian businesses to learn about Vietnam’s industrial park models and visit selected food production and processing facilities in the country. The Mongolian side also expressed interest in expanding cooperation in information technology and digital services.

Tourism was another potential area of cooperation, with a focus on promoting two-way tourism connectivity and marketing, while leveraging the seasonal characteristics of the two markets.

VCCI President Ho Sy Hung considered the proposed initiatives to promote bilateral trade necessary. He also noted that the Mongolian side should develop specific plans and support proposals to provide Vietnamese organisations, including VCCI, with a basis for coordinating and implementing appropriate and effective business networking activities.

VCCI stated that it would coordinate with its Mongolian counterpart to explore opportunities to identify Vietnamese businesses in the proposed sectors. It would also review potential sites for visits to industrial parks and food production facilities in northern Vietnam. These activities would need to be aligned with the Vietnamese Government’s overall programme for hosting the Mongolian Prime Minister.