Investigating the Impact of Global Policy and Political Shifts on Vietnamese Businesses

Q3 Economics, Econometrics and Finance

Afro-Asian Journal of Finance and Accounting Pub Date : 2023-05-24 DOI:10.53819/81018102t2138

Khai, Ha Vu

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Abstract

This paper examines how Vietnamese enterprises in various industries, including oil and gas, transportation, and food, were impacted by the tensions between Russia and Ukraine during the first half of 2022. By utilizing statistical comparison methods, the study found that there were fluctuations in revenue, profit, and other indicators that measure business activity. Specifically, in the oil and gas industry, companies such as Vietnam Gas Corporation, Binh Son Refining and Petrochemical Joint Stock Company, and Ca Mau Petroleum Fertilizer Company saw higher revenue and financial ratios compared to the industry average, while other businesses experienced a decrease from the previous quarter. Transport companies benefited from increased import and export, as well as high freight rates and global price hikes for goods and materials. The food industry in Vietnam saw the Russia-Ukraine conflict as a significant opportunity for growth, but businesses still encountered challenges in capitalizing on this potential. As Vietnam's economy is deeply intertwined with the global economy, fluctuations and high inflation in the world economy can have an impact on the country's economy and businesses. Keywords: Market Volatility, Political Tension, Vietnamese Enterprises, Russia-Ukraine Conflict.

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调查全球政策和政治变化对越南企业的影响

本文研究了越南各行业的企业，包括石油和天然气，运输和食品，在2022年上半年受到俄罗斯和乌克兰之间紧张局势的影响。通过统计比较方法，研究发现收入、利润和其他衡量商业活动的指标存在波动。具体来说，在石油和天然气行业，越南天然气公司、平顺炼油和石化股份公司、金茂石油化肥公司等公司的收入和财务比率高于行业平均水平，而其他企业的收入和财务比率则比上一季度有所下降。运输公司受益于进出口增长、高运费以及全球商品和材料价格上涨。越南食品行业将俄乌冲突视为一个重要的增长机会，但企业在利用这一潜力方面仍面临挑战。由于越南经济与全球经济紧密相连，世界经济的波动和高通胀可能对越南的经济和企业产生影响。关键词:市场波动，政治紧张，越南企业，俄乌冲突

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Afro-Asian Journal of Finance and Accounting Economics, Econometrics and Finance-Finance

CiteScore

0.70

自引率

0.00%

发文量

期刊介绍： Finance and accounting are seen as essential components for the successful implementation of market-based development policies supporting economic liberalisation in the rapidly emerging economies in Africa, the Middle-East and Asia. AAJFA aims to foster greater discussion and research of the development of the finance and accounting disciplines in these regions. A major feature of the journal will be to emphasise the implications of this development and the effects on businesses, academics and professionals. Topics covered include: -Asset pricing, corporate finance, banking; market microstructure -Behavioural and experimental finance; law and finance -Emerging economies: finance, audit committees, corporate governance -Islamic finance, accounting and auditing -Equity analysis and valuation, venture capital and IPOs -National GAAP and IASs compliance, harmonisation and strategies -Financial measurement/disclosure, and the quality of information reported -Accountability and social/ethical/environmental measurement/reporting -Cultural, political, institutional impact on financial measurement/disclosure -Accounting practices for intellectual capital and other intangible assets -Provision of non-audit services and impairment to auditor independence -Audit quality and auditor skills; internal control/auditing -Management accounting, control and /use of key performance indicators -Accounting education and professional development, accounting history -Public sector and not-for-profit accounting