Prime Minister Pham Minh Chinh proposed that Vietnam and Mongolia double their bilateral trade target to $200 million in the years to come, during a meeting with the President of Mongolia Ukhnaagiin Khurelsukh in Hanoi on November 2, the Government News has reported.

He asked both to promote practical and effective cooperation between businesses and localities in the two countries, increase exports of goods, enhance investment promotions, expand cooperation in diversifying supply chains, and link enterprises in the two countries.

The Prime Minister also suggested that Mongolia create favorable conditions for the import of key Vietnamese agricultural and aquatic products.

He welcomed the opening of direct flights between the two countries and the signing of an agreement on visa exemptions for ordinary passport holders, which create favorable conditions to promote tourism and trade cooperation and increase people-to-people exchanges.

President Khurelsukh said Mongolia hopes to further strengthen and expand its cooperation with Vietnam in the fields of economy - trade, education, science and technology, transportation, logistics, culture, sports, tourism, and people-to-people exchanges, as well as at multilateral forums and mechanisms.