(VOVworld)- Vietnam and Mongolia have exchanged diplomatic notes mutual recognizing their full market economy status. Mongolian ambassador to Vietnam Dorji Enkhbat presented a note to Deputy Foreign Minister Bui Thanh Son in Hanoi on Friday. The same day, the Vietnamese ambassador to Mongolia handed over a similar document to the State Minister of Mongolia in Ulan Bator. At their meeting, Ambassador Dorji Enkhbat confirmed that Mongolia attaches great importance to its friendship and multifaceted cooperation with Vietnam, considering the mutual recognition a practical move to foster bilateral ties, especially in economics and trade. The two diplomats acknowledged their countries’ mutual trust, mutual assistance in multilateral forums and determination to increase their trade which is currently modest at 20 million USD.