National Assembly Chairman visits Mongolia to boost cooperation

Vietnam's National Assembly Chairman Vuong Dinh Hue has begun an official visit to Mongolia aimed at promoting substantive cooperation between the two legislatures. The visit seeks to strengthen collaboration in defense, security, and economic ties, particularly in science and technology, aligning with the depth and scope of the Vietnam-Mongolia Comprehensive Partnership. Vietnam and Mongolia are promoting their complementary strengths to expand cooperation opportunities. The two countries can enhance their trade and investment potential due to their complementary economic structures. The combination of Mongolia's abundant natural resources and Vietnam's manufacturing and processing capabilities, in particular, could create new business opportunities. This visit is also expected to be a significant step in deepening substantive, effective, and sustainable bilateral relations between the two countries. Vietnam, with its stable political foundation under a one-party system, emphasizes diverse partnerships in its foreign policy, and strengthening ties with Mongolia is seen as part of this strategy. Vietnam's remarkable economic growth in recent years has increased its influence on the international stage, and the deepening of such bilateral relations is expected to contribute to regional and global stability. Furthermore, the role of the Vietnamese community in Mongolia is also noteworthy. They can serve as an important bridge in promoting cultural and people-to-people exchanges between the two countries. Through this visit, both nations are expected to further advance cooperation in a wide range of fields, including economy, culture, and people-to-people exchanges.