1 39 MONGOLIAN STUDENTS TO STUDY IN GERMANY UNDER “PRESIDENT'S SCHOLAR - 2100” PROGRAM WWW.MONTSAME.MN PUBLISHED:2025/07/30      2 MONGOLIAN FLAG CARRIER TO START NON-STOP FLIGHTS BETWEEN SINGAPORE AND ULAANBAATAR FROM NOV 4 WWW.STRAITSTIMES.COM PUBLISHED:2025/07/30      3 WHEN CHINA SNEEZES, MONGOLIA CATCHES A COLD WWW.INTELLINEWS.COM PUBLISHED:2025/07/30      4 MONGOLIA–JAPAN INTERNATIONAL BUSINESS INNOVATION FORUM TO BE HELD ON AUGUST 18 WWW.MONTSAME.MN PUBLISHED:2025/07/30      5 GREENHOUSE PROPAGATION TECHNOLOGY FOR CONIFEROUS TREES UNDER TESTING WWW.MONTSAME.MN PUBLISHED:2025/07/30      6 DIRECT FLIGHTS FROM KOREA TO MONGOLIA'S KHUVSGUL LAUNCHED WWW.AKIPRESS.COM PUBLISHED:2025/07/30      7 8 KILLED, 41 INJURED IN ROAD ACCIDENTS IN MONGOLIA OVER NAADAM FESTIVAL WWW.XINHUANET.COM PUBLISHED:2025/07/30      8 CONSOLIDATING PARLIAMENTARY DEMOCRACY IN MONGOLIA WWW.VERFASSUNGSBLOG.DE  PUBLISHED:2025/07/29      9 MONGOLIA’S NEW CHALLENGE: ILLEGAL DRUGS WWW.THEDIPLOMAT.COM PUBLISHED:2025/07/29      10 PRESIDENT OF MONGOLIA PARTIALLY VETOES PARLIAMENTARY RESOLUTION ON THE IMPLEMENTATION OF “GOLD-3” NATIONAL CAMPAIGN WWW.MONTSAME.MN PUBLISHED:2025/07/29      ГАНГИЙН ЭРСДЛИЙН ҮНЭЛГЭЭГЭЭР ТАВАН АЙМАГ ЭРСДЭЛ ИХТЭЙ ГАРЧЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/07/30     МОНГОЛЫН КОКСЖИХ НҮҮРСНИЙ ҮНЭ ХЯТАДЫН БООМТУУДАД ДАХИН ӨСЛӨӨ WWW.ITOIM.MN НИЙТЭЛСЭН:2025/07/30     НИЙСЛЭЛД ХЭРЭГЖҮҮЛЖ БУЙ МЕГА ТӨСЛҮҮДЭД ХАМТРАН АЖИЛЛАХААР САНАЛ СОЛИЛЦЛОО WWW.ITOIM.MN НИЙТЭЛСЭН:2025/07/30     ОХУ-ЫН ШАТАХУУН ЭКСПОРТЫН ХОРИГ МОНГОЛ УЛСАД ҮЙЛЧЛЭХГҮЙ WWW.NEWS.MN НИЙТЭЛСЭН:2025/07/30     ЕРӨНХИЙ САЙДЫН АХЛАХ ЗӨВЛӨХӨӨРӨӨ Б.ДАВААДАЛАЙГ ТОМИЛЖЭЭ WWW.ITOIM.MN НИЙТЭЛСЭН:2025/07/30     НИЙТИЙН ЭЗЭМШЛИЙН 50 БАЙРШИЛД ТӨЛБӨРТЭЙ ЗОГСООЛ БАЙГУУЛЖ, ТОХИЖИЛТ ХИЙГДЭЖ БАЙНА WWW.EGUUR.MN НИЙТЭЛСЭН:2025/07/30     “MONGOLZ” БАГ УКРАИНЫ “NATUS VINCERE” БАГТАЙ БААСАН ГАРАГТ ТОГЛОНО WWW.EAGLE.MN НИЙТЭЛСЭН:2025/07/30     МӨРӨН НИСЭХ БУУДАЛ АНХ УДАА ОЛОН УЛСЫН НИСЛЭГ ХҮЛЭЭН АВЛАА WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/07/29     ХОТЫН ДАРГА Х.НЯМБААТАР БЭЭЖИН ХОТЫН ДАРГА ИН ЮНТАЙ УУЛЗАВ WWW.ITOIM.MN НИЙТЭЛСЭН:2025/07/29     ЧИНГИС ХААН БАНКНЫ ӨР ТӨЛБӨРТ ХӨРӨНГӨ АВАХААР БОЛЛОО WWW.ITOIM.MN НИЙТЭЛСЭН:2025/07/29    

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Events

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MBCC “Doing Business with Mongolia seminar and Christmas Receptiom” Dec 10. 2024 London UK MBCCI London UK Goodman LLC

NEWS

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Revised Draft Law on Value Added Tax to Be Submitted to Parliament www.montsame.mn

During its regular session on June 4, 2025, the Cabinet of Mongolia discussed the revised draft Law on Value Added Tax and decided to submit it to the State Great Khural.
The revised draft Law on Value Added Tax was formulated with the following main objectives:
1. To reduce the tax burden on citizens and households and protect real income. The revised draft Law reflects regulations for refunding up to 100 percent of the value-added tax paid by citizens in stages by making discounts and exemptions more aligned with international trends and principles.
2. To foster businesses and allow enterprises to expand their activities. The revised draft Law includes regulations designed to facilitate favorable conditions for enterprises by reducing shortages of assets and working capital, doing business with minimal capital cost burden, and paying fair tax. Also, as part of the goal of supporting employment, specific tax support will be provided to support employee development and improve human resource policies and the work environment.
The tax environment for foreign investors will be made more favorable to increase investment and make the tax environment more competitive. As a result, businesses will be able to attract foreign investment more easily and at lower costs, which would contribute to an increase in Mongolia's total investment volume and economic activity.
The revised Law on Value Added Tax would solve common problems faced by business owners, reduce the capital cost burden, and enable businesses to expand their activities. In the future, the introduction of artificial intelligence and big data-based systems will allow taxpayers to receive the necessary information promptly and resolve issues related to compliance with tax laws in advance.

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Mongolia solar tender: 19.8 MW Solar Plant for a Stunning Future www.pvknowhow.com

Mongolia solar tender marks ambitious step toward renewable energy with ADB support
Overview
Mongolia is making significant strides in its renewable energy sector by launching a tender for a 19.8 MW solar power plant in Khovd Province. This initiative is a crucial part of the broader „Energy Efficiency and Renewable Energy“ project, which is being funded by the Asian Development Bank (ADB) and managed by Mongolia’s Ministry of Energy. The primary goal of this project is to reduce the country’s heavy reliance on coal and enhance its renewable energy capacity, thereby contributing to the global fight against climate change.
Project Details
The 19.8 MW solar plant is expected to play a vital role in Mongolia’s energy transition. By harnessing the abundant solar resources available in Khovd Province, the project aims to provide a sustainable and clean energy source that can help meet the growing electricity demands of the region. This initiative will not only support Mongolia’s energy diversification efforts but also foster economic development by creating jobs and promoting technological advancements in renewable energy.
Focus on Sustainable Development
The tender for the new solar plant is aligned with Mongolia’s commitment to sustainable development and energy efficiency. By reducing its dependency on coal, Mongolia is taking an essential step towards decreasing its carbon footprint and contributing to global environmental goals. The project is designed to ensure that the country’s energy needs are met without compromising the environment or the health of its citizens.
Global Context and Support
Mongolia’s move is part of a larger global trend towards renewable energy adoption. Projects like this one, supported by international organizations such as the ADB, underscore the importance of collaborative efforts in addressing climate change. Similar initiatives are being observed worldwide, such as a solar project in Saint Lucia, which recently launched a 3 MW solar farm to power 3,000 homes, demonstrating the global shift towards clean energy solutions. Learn more about Saint Lucia’s project.
Conclusion
The launch of the tender for the 19.8 MW solar power plant in Khovd Province marks a significant milestone in Mongolia’s renewable energy journey. With the support of the ADB and the Ministry of Energy, this project is poised to make a substantial impact on the country’s energy landscape, promoting a cleaner, more sustainable future for Mongolia and setting an example for other nations to follow in their pursuit of renewable energy solutions.

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Gold purchase by Mongolia's central bank down 29.3 pct in 1st 5 months of 2025 www.xinhuanet.com

The Bank of Mongolia, the country's central bank, said on Wednesday that its purchase of gold decreased by 29.3 percent in the first five months of 2025 compared with the same period last year.
The Bank of Mongolia has purchased a total of 4.3 tons of gold from legal entities and individuals in the January-May period.
As of May, the central bank's average gold purchase price was 376,606.51 Mongolian tugriks (around 105 U.S. dollars) per gram.
Purchasing gold is one of the key ways for the central bank to ensure the country's economic stability by consistently increasing foreign currency reserves, said the bank.
According to the regulator, Mongolia's foreign exchange reserves stood at 5.135 billion dollars by the first quarter of this year.

 

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Food and Agriculture Organization of the United Nations Appoints New Representative in Mongolia www.gogo.mn

The Food and Agriculture Organization of the United Nations (FAO) is pleased to announce the appointment of Dr. Qingyun Diao as the new FAO Representative in Mongolia, effective 28 May 2025. Her appointment was made with the concurrence of the Government of Mongolia.
A national of the People’s Republic of China, Dr. Diao brings with her over 25 years of experience in agricultural research, development, and international cooperation. She holds a Doctor of Philosophy, a Master of Science, and a Bachelor of Science in Entomology from China Agricultural University in Beijing.
Prior to her appointment in Mongolia, Dr. Diao served as FAO Representative in Namibia since June 2023. Before joining FAO, she was First Secretary and Chief of the Agricultural Office at the Embassy of the People’s Republic of China in Mexico from 2018, where she contributed to strengthening bilateral agricultural collaboration.
Dr. Diao began her career in 1998 as a scientist at the Institute of Apicultural Research in Beijing. From 2007 to 2015, she served as Director of the institute’s Management Department, and concurrently, from 2007 to 2010, she led the Management Office of the National Special Research Projects for the Public Welfare Industries. From 2010 to 2015, she served as Chief Scientist of the National Key Technology Research and Development Programme of China.
From 2009 to 2018, Dr. Diao served as Director of the Management Office of the China Apiculture Research System. She also held the role of Director of International Cooperation Projects at the Institute of Apicultural Research from 2014 to 2022, and from 2015 to 2021, she was Chief Scientist of the Bee Protection Innovative Team at the Chinese Academy of Agricultural Sciences (CAAS).
Dr. Diao succeeds Dr. Vinod Ahuja, who previously served as FAO Representative in Mongolia.

 

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Mongolia:Regulatory sandbox framework has been amended and approved www.asiainsurancereview.com

In order to test new technology-based financial products and services in a controlled environment and establish a legal framework tailored to the characteristics and specifics of these products and services, amendments to the "Regulatory Sandbox Framework" were jointly approved by the Financial Regulatory Commission's chairman, the minister of finance and the governor of the bank of Mongolia by Joint Decree No. 124/75/A-86.
The amendments and additions to the framework set out temporary regulations regarding the process of transitioning products and services that have been successfully tested in the sandbox environment to the regulated market, as well as monitoring and regulation during the period until a regulatory environment is fully established.
The new rules also address the temporary suspension of activities by participants, compliance with anti-money laundering and counter-terrorism financing legislation and restrictions on the use of the sandbox environment to circumvent licensing requirements. These changes are aimed at supporting innovation and reform in the financial sector, while also preventing legal gaps and ambiguities, reducing delays and enhancing the transparency and effectiveness of the sandbox framework.
As of the first quarter of 2025, a total of eight products and services from five companies are being tested in the sandbox regulatory environment.

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Resource-rich Mongolia faces political uncertainty after the prime minister resigns www.apnews.com

Resource-rich Mongolia is facing political uncertainty following the resignation early on Tuesday of its prime minister in the wake of protests over endemic corruption in the landlocked Asian country, squeezed between China and Russia.
Before he lost the confidence vote in the parliament, Prime Minister Oyun-Erdene Luvsannamsrai warned that his removal could undermine Mongolia’s fledgling democracy. The vote followed weeks of protests sparked by reports of lavish spending by his son and calls for him to step down.
The reports, which cited expensive jewelry and helicopter rides for the son’s female companion, underscored the vast gap between Mongolians who have grown extremely wealthy off the country’s exports and much of the rest of the population, mired in poverty.
Here is a look at why what is happening in Mongolia matters:
A fledgling democracy between two big powers
Mongolia, a country of about 3.5 million people, borders Russia to the north and China to the south. Its stunning alpine mountains interspersed with vast deserts hold an abundance of coal, copper and other natural resources used in high-tech manufacturing.
The question of who benefits from the wealth has been a key issue since Mongolia began negotiating with foreign mining giants — rumors of secret deals and under-the-table payments have circulated for years.
After Mongolia threw off Communism at the end of the Cold War, it lost generous Soviet Union aid packages. Since then, it has been slowly becoming a democracy but is struggling to avoid falling into debt while holding Chinese and Russian interests at bay.
China is a particularly important neighbor as its ruling Communist Party buys up 92% of Mongolia’s exports.
A ‘spiders’ web’ of the greedy
Over the years, the capital of Ulaanbaataar transformed itself from a city of clunky Soviet-era buildings surrounded by traditional herders’ felt tents known as gers, into a metropolis of shopping malls and fancy hotels.
The protesters have said the country’s mineral riches have benefited business interests and the wealthy, while many Mongolians still live in poverty.
Early on Tuesday morning, Oyun-Erdene only got 44 votes of support in the 126-seat legislature — the State Great Khural — well short of the 64 needed, according to the head of the counting commission, M. Narantuya-nara.
Oyun-Erdene accepted defeat, saying it had been an honor to serve the nation through the coronavirus pandemic, Russia’s war on Ukraine and the ongoing strife over U.S. tariffs.
But he also warned of the threat of a “spider’s web” of special interests that he said are working to hold the Mongolian people back.
What happens next?
Oyun-Erdene, who ran a coalition government, will remain prime minister until his replacement is elected in parliament, most likely from the ranks of opposition lawmakers.
Those who pick his successor will likely also have to find a platform that will satisfy the demands of the largely young and well-educated class that has led the protests. That could include moving ahead with a national sovereignty fund introduced recently to better help spread the wealth.
In stepping down, Oyun-Erdene defended his integrity but said he had made the mistake of “paying insufficient attention to social and internal political matters.”
He also warned of political instability ahead, saying it “could lead the public to lose faith in parliamentary rule and potentially put our democratic parliamentary system at risk of collapse.”
What do experts and the ordinary people say?
Erin Murphy, deputy director and senior fellow of India and emerging Asian economics at the Center for Strategic and International Studies, said it’s not easy to “build that foundation for democracy” at a time when Mongolia also must tackle economic problems.
Julian Dierkes, a Mongolia expert at the University of Mannheim in Germany, said he doesn’t expect any major policy changes, whoever becomes the next prime minister.
“They will be selected on the basis of personal networks and patronage,” Dierkes said.
Many people on the street seemed worried for the future and some defended the outgoing prime minister on Tuesday.
Oyun-Erdene should not be responsible for his son’s failings, said Gansukh Batbayar, a military retiree in Ulaanbaatar who lauded what he described as Oyun-Erdene’s efforts to “confiscate illegally earned assets and money of corrupt officials” and distribute it more fairly.
“We barely survive in these chaotic times and our pensions are very small,” said an older woman on a public bus in Ulaanbaataar, who declined to give her name to speak about the political developments.
She counts on her children “to have food to eat and a roof over my head,” she said.
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Associated Press writers Didi Tang in Washington and Ken Moritsugu in Beijing contributed to this report.

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Why Mongolia’s Prime Minister Resigned www.time.com

Oyun-Erdene Luvsannamsrain became Mongolia’s Prime Minister in 2021, after gaining prominence by helping to organize mass protests against corruption. Now, after protesters have taken to the streets accusing him of corruption, which he has denied, he’s resigned.
Oyun-Erdene lost a vote of confidence in parliament on Monday, according to a parliamentary statement, failing to secure a majority 64 votes in the 126-seat body. Only 82 lawmakers voted in the secret ballot, which yielded only 44 in approval of Oyun-Erdene.
“It was an honour to serve my country and people in times of difficulties, including pandemics, wars, and tariffs,” Oyun-Erdene said after the vote.
Oyun-Erdene, whose center-left ruling Mongolian People’s Party retained a majority but formed a coalition with opposition parties anyway after legislative elections last year, will remain as caretaker Prime Minister until his successor is appointed within 30 days. 
His resignation, fueled by discontent over his family’s apparent lavish spending and luxurious lifestyle, marks the latest political upheaval in the Asian nation’s longstanding fight against corruption. 
The mineral-rich landlocked country, sandwiched between autocratic giants China and Russia, has been a hotbed of predatory behavior by business elites, while more than a quarter of the country’s 3.5 million population is mired in poverty.
The no-confidence vote means the coalition government will cease to exist, though the Mongolian People’s Party should be able to form a new government.
Oyun-Erdene told TIME in an interview in January that he formed the coalition government to try to overcome Mongolia’s inertia due to politicization. “As a small kid, I looked forward to my country’s development,” he said, “and there have been some projects that people discussed at that time, but still no progress has been made because of political divisions.”
Here’s what to know.
What were the accusations?
This year, antigovernment protests began as early as January. But the Prime Minister faced a new wave of criticism in May stemming from a controversy surrounding his 23-year-old son Temuulen, whom Asia-Pacific commentary outlet The Diplomat reported was recalled from his studies at Harvard University “due to corruption investigations.” Social media reports of Temuulen gifting his now-fiancée luxury items—including, according to CNN, “helicopter rides, an expensive ring, designer handbags and a luxury car”—angered the public.
Protest group Ogtsrokh Amarkhan circulated a petition that got more than 59,000 signatories calling for Oyun-Erden to leave his post, listing his son’s lavish spending as only one of the reasons why. The group also cited inflation and price increases, growing unemployment, and poverty. 
Protesters also called for Oyun-Erdene to release his finances.
How did Oyun-Erdene respond?
Oyun-Erdene’s office has mainly called the allegations of financial impropriety a “smear” and “completely unfounded.” In a statement to CNN, the office said that the Prime Minister “makes regular financial declarations annually in line with Mongolian law.”
Following demands to resign in May, the Prime Minister spoke to local media in defense of his son. Researcher Bolor Lkhaajav reported for The Diplomat that Oyun-Erdene’s son did not ask for financial support from his father and that Mongolia’s Anti-Corruption Agency was looking into the controversy. Oyun-Erdene even reportedly offered to resign without protest if the agency discovered irregularities in his financial statement.
Oyun-Erdene warned before the confidence vote that a change in government could threaten Mongolia’s fragile democracy, which only started in the early 1990s after the Soviet Union collapsed. “If governance becomes unstable, the economic situation deteriorates, and political parties cannot come to consensus. It could lead the public to lose faith in parliamentary rule and potentially put our democratic parliamentary system at risk of collapse,” the Prime Minister said. While defending himself, he acknowledged that he was “dedicating too much time to major projects while paying insufficient attention to social and internal political matters.”
How bad is corruption in Mongolia? 
Mongolia ranks 114 of 180 countries and territories in Transparency International’s Corruption Perceptions Index.
The 2024 Freedom House’s Freedom in the World index describes corruption, particularly involving the mining industry, as “endemic in Mongolia” and said the problem is widely perceived to “have worsened in recent years.” According to Freedom House, the country’s anticorruption laws “are vaguely written and infrequently enforced”, while anticorruption authorities have been “criticized as ineffective in pursuing cases.”
In 2024, U.S. prosecutors sought the forfeiture of former Prime Minister Batbold Sükhbaatar’s two luxury apartments in New York City after they were found to have been purchased using the proceeds of “unlawfully awarded Mongolian mining contracts.” And in 2022, a coal theft case involving minerals being illegally transported across the Chinese border rocked Mongolia, entangling high-ranking officials and business leaders and resulting in an estimated loss of $12 billion to the economy.
by
Chad de Guzman

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Mongolia PM resigns after son's luxury holiday stirs public fury www.bbc.com

Mongolia's prime minister has resigned after social media photos of his son's lavish lifestyle sparked an anti-corruption investigation and weeks of mass protests.
Luvsannamsrain Oyun-Erdene, who has denied wrongdoing, lost a confidence vote in parliament on Tuesday.
The viral photos purport to show Oyun-Erdene's son and the son's girlfriend flaunting a black Dior shoulder bag and several shopping bags while on their engagement holiday.
Protesters questioned how Oyun-Erdene's family could afford such luxurious living. Local media reported that the country's anti-corruption body had been looking into their finances.
The photo of the Dior bag, reportedly posted by the girlfriend, had the caption: "Happy birthday to me". Another photo purportedly showed the couple kissing in a swimming pool.
The images have been shared on social media and published by local media.
During Tuesday's confidence vote, 44 of the 88 lawmakers who took part in the secret ballot voted for Oyun-Erdene, while 38 others voted against him. He needed the support of at least 64 of parliament's 126 members.
"It was an honour to serve my country and people in times of difficulties, including pandemics, wars, and tariffs," he said after the vote.
Hundreds of protesters, many of them young people, had been taking to the streets for two weeks before the vote, demanding Oyun-Erdene's resignation.
Oyun-Erdene has rejected allegations of corruption, accusing critics of launching a smear campaign against him.
According to Transparency International, Mongolia has seen worsening corruption since Oyun-Erdene came into power. Last year, it was ranked 114th out of 180 countries in terms of government transparency.
A former communist state sandwiched between Russia and China, Mongolia has been transitioning to democracy since the fall of the Soviet Union in the early 1990s.
Corruption is a persistent problem. Last year, US prosecutors sought to forfeit former Mongolian PM Sukhbaatar Batbold's two New York apartments that he allegedly bought using stolen mining funds.
Batbold, who served from 2012 to 2015, denied wrongdoing.
In recent years, Mongolia has sought to build closer ties with the West, counting the United States and European countries as part of its "third neighbour" foreign policy.
BY Stuart Lau

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Mongolian PM ousted amid corruption protests www.aljazeera.com

Mongolian Prime Minister Luvsannamsrain Oyun-Erdene has resigned after losing a vote of confidence amid weeks of anticorruption protests.
Oyun-Erdene announced his resignation on Tuesday after Parliament failed to back him in a confidence vote the previous day, a parliamentary statement said.
Public frustration has been boiling over regarding the lavish lifestyle of the prime minister’s family, leading to persistent demonstrations in the capital, Ulaanbaatar.
“It was an honour to serve my country and people in times of difficulties, including pandemics, wars, and tariffs,” Oyun-Erdene said after the result of the secret ballot was announced to Parliament.
Oyun-Erdene, who spent more than four years in office, had denied the corruption allegations against him. In an address to Parliament before the vote, he blamed “major, visible and hidden interests” for waging an “organised campaign” to bring down the government.
He had also warned that political instability and economic chaos would follow should he be forced out of power.
But his pleas did not convince the Parliament, with only 44 lawmakers backing him and 38 against.
The prime minister needed to reach a 64-vote threshold in the 126-seat Parliament.
Oyun-Erdene, who took the prime minister’s seat in January 2021 and was re-elected in July 2024, will remain in a caretaker capacity. A successor must be named within 30 days.
The landlocked democracy in Northern Asia has faced deep-seated corruption for decades, with many arguing that wealthy elites are hoarding the profits of a years-long coal mining boom.
On Monday, hundreds of young people converged on the square outside the parliament building, marching with white placards and chanting: “Resignation is easy.”
Several protesters said they had come to voice dismay at what they have described as deeply embedded corruption and social injustice.
Since Oyun-Erdene took power, Mongolia’s ranking in Transparency International’s Corruption Perceptions Index has dropped.
Concerns over the economy and rising living costs have also stoked the unrest.
Source: Al Jazeera and news agencies

 

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The Bank of Mongolia Purchases 1014.3 Kilograms of Precious Metals in May www.montsame.mn

The Bank of Mongolia purchased 1,014.3 kilograms of precious metals in May 2025, representing a decrease of 0.83 percent compared to the previous month.
Compared to the same period in 2024, the amount of precious metals purchased by the Bank of Mongolia decreased by 29.3 percent. Since the beginning of 2025, the Darkhan-Uul Branch of the Bank of Mongolia has purchased 171.9 kilograms of precious metals, while the Bayankhongor Branch bought 711.0 kilograms.
Notably, the average price for purchasing gold in the past month was MNT 376,606.51 per gram.

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