Mongolia Expands Third Neighbor Links to Southeast Asia
“Trade between Mongolia and Thailand has been growing consistently. From January to September 2024, bilateral trade totaled $355.43 million, up 45.22 percent from previous years. The Thailand-Mongolia Five-Year Work Plan for Cooperation 2022-2027 plans to increase bilateral trade to $100 million by 2027. ”
“Historically, Vietnam was the first country in Southeast Asia to establish diplomatic ties with Mongolia. Ulaanbaatar and Hanoi’s economic relations have been increasing steadily; bilateral trade turnover has tripled from $41.5 million in 2017 to $132 million as of 2023. These numbers are expected to rise in the coming years.”
“From August 19 to 23, the foreign minister of Laos, Thongsavanh Phomvihane, paid an official visit to Mongolia. During his visit to Ulaanbaatar, Mongolia and Laos expanded bilateral ties, with the hope to accelerate cooperation in public health, agriculture, and expanding human-to-human relations. The visit paid dividends beyond the bilateral, as Laos chairs the Forum for East Asia-Latin America Cooperation (FEALAC) this year.”
https://thediplomat.com/2025/08/mongolia-expands-third-neighbor-links-to-southeast-asia/