Within the framework of the Government’s policies on improving livelihoods and restoring the economy through creation of jobs, multiple job creating projects and programs have been implemented. As a result, the unemployed rate has reduced down to 9.1 percent with 115 thousand unemployed people in the first quarter of 2017. 

Specifically, in order to promote light industry through agriculture, USD 420 thousand worth of low-interest rate loans were granted to 10 major national manufacturers, such as “Gobi” JSC, “Denimon” textiles, “Khan-Brand” milk factory, “Mongolian Cattle” meat factory and “Zurgaan Khoshuu” pig farm.

These national brands are expected to create more than 1800 jobs and 40 percent of them will be for women. Presently, three Mongolian companies are aiming to establish co-branding agreement with world-renowned brands by the fourth quarter of 2020.