Ulaanbaatar, August 26, 2025 /MONTSAME/.  The “World Women Entrepreneurs Forum,” organized under the auspices of the President of Mongolia, Khurelsukh Ukhnaa, commenced on August 25, 2025, at the “Shangri-La Hotel”.

Minister of Foreign Affairs Battsetseg Batmunkh defined the goal of the Forum, “Mongolia has significant untapped business potential, which the Forum aims to promote globally. Secondly, women’s financial accessibility stands at a low rate. The Forum aims to attract domestic and international banking, financial, and trade organizations, facilitate opportunities for Mongolian women, and foster a favorable legal environment. Finally, I hope that Mongolian women will study the sectors in which over 230 women entrepreneurs, visiting Mongolia from 23 countries, have achieved significant successes and be inspired. I am hopeful that Mongolian women entrepreneurs will create partnerships, attract investment, and utilize these wide possibilities to learn, develop, cooperate, attract financing, and promote Mongolia.”

Advisor to the Deputy Prime Minister Dulmaazul Luvsandorj, with years of experience in the banking and financial sectors, noted that, despite the initiatives in business, the most pressing challenge faced by Mongolian women remains financing. Especially, women in remote rural aimags struggle to access sources of funding. Since certain loans and grants are inaccessible to target groups, collateral-free and low-interest loans, as well as guidance toward useful network connections, are important. Ms. Dulmaazul further expressed the need to establish a centralized sales platform and digitalize payments.

Chief Executive Director of the Mongolian National Chamber of Commerce and Industry (MNCCI), Saruul Bulgan, recommended the digital economy, noting, “By leveraging digital economies, women entrepreneurs can market, sell, and export their products through digital channels. The E-Trade Readiness Assessment, conducted by the United Nations Trade and Development (UNCTAD), concluded that Mongolia is relatively ready for a digital economy. Thus, the MNCCI plans to organize a 1-6-month training course in digital export.”

Advisor at Trust Group, Sansarmaa Rentsendorj, remarked, “Trust Trade company, established 25 years ago with six staff members and a rented office, now has expanded into a company with over 300 employees and two branch factories operating in line with international standards. As for support for businesses in Mongolia, there are no restrictions. However, issues such as double taxation remain unresolved in some cases. Thus, one way to support business owners is to collect and tangibly include our suggestions in the main law drafts regarding tax and social insurance.”