VGU RESEARCH REPOSITORY
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Title: | Impacts of Russo-Ukrainian war on Vietnam and how Vietnam deals with its economic effects | Authors: | Do Khanh Linh | Issue Date: | 2023 | Abstract: | The heated conflict between Russia and Ukraine has become a dramatic global event since Russian started its invasion on 24 February 2022. The war has resulted in severe impacts on many sectors of the economy, society, and the environment. The Russo-Ukrainian conflict has triggered a chain reaction of events with global ramifications, particularly in the energy and food sectors. Therefore, in this situation, being one of the closest neighbors in geographic location, as well as having long-established mutual friendship with Russia, it is inevitable for Vietnam to avoid economic losses. On the other hand, suitable foreign policies are also a difficult problems which Vietnamese government has to consider carefully in efforts to maintain and balance friendly relations with all countries that are currently having opposite perspectives against each other after the occurrence of the Russian invasion into Ukraine. In addition to the effects of globalization, the economy of Vietnam has also been affected negatively, which results in the raise of inflation and the costs of several production sectors as well as the energy costs of the country. However, the Russo-Ukrainian war also brings Vietnam several development opportunities such as opportunity to export agricultural products to the European market, to diversify its import and export markets, to create conditions for increasing economic relations with Russia, and to increaseVietnamese budget revenue from crude oil increase due to the international rising oil prices |
URI(1): | https://epub.vgu.edu.vn/handle/dlibvgu/1668 |
Appears in Collections: | Finance & Accounting (FA) Finance & Accounting (FA) Finance & Accounting (FA) |
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