ULAN BATOR, Dec. 11 (Xinhua) -- Mongolia and Vietnam have set a goal to increase their bilateral trade turnover to 100 million U.S. dollars in the coming years, the Mongolian Ministry of Food, Agriculture and Light Industry said Wednesday.

"An agreement on this was reached during the 17th meeting of the Mongolia-Vietnam intergovernmental commission on trade, economic, scientific, and technical cooperation, which was held in Vietnam's capital Hanoi on Dec. 3-6," the ministry said in a statement.

A Mongolian delegation led by Minister of Food, Agriculture and Light Industry Chultem Ulaan participated in the meeting, it said.

In addition, the two sides agreed to increase the export of agricultural products from Mongolia to Vietnam, to develop bilateral cooperation in various sectors such as culture, education and science, and to promote youth exchanges, according to the ministry.

This year marks the 65th anniversary of the establishment of diplomatic relations between the two countries.

The trade turnover between Mongolia and Vietnam registered around 60 million dollars last year.