During a reception in Kyiv to mark the 80th anniversary of Vietnam National Day, Pham Hai, Ambassador Extraordinary and Plenipotentiary of the Socialist Republic of Vietnam to Ukraine, emphasized that cooperation with Ukraine has significant potential in the areas of economy, technology, and culture.
“Over the past decades, Vietnam has achieved significant success in political, economic, and social development. In 2025, our GDP is projected to reach approximately $510 billion, and foreign trade turnover in 2024 exceeded $800 billion. Vietnam is among the 35 largest economies in the world and among the top 20 leading exporters,” the diplomat noted.
The ambassador said that despite difficult conditions, bilateral trade between Vietnam and Ukraine is showing positive dynamics: in the first half of 2025, its volume increased by 30% to $560 million.
He separately emphasized the role of the Vietnamese community in Ukraine, which numbers more than 800 people and acts as an “important bridge of friendship between the peoples.”
“We highly appreciate the contribution of Ukrainian specialists to the development of Vietnam after the war, as well as the support of our diaspora in Ukraine, which is actively integrated into local society while preserving its cultural identity,” the ambassador said.
Diplomatic relations between Ukraine and Vietnam were established on January 23, 1992. The Vietnamese Embassy in Kyiv opened in 1993, and the Ukrainian Embassy in Hanoi opened in 1997.
Vietnam’s economy (as of 2025)
Metinvest Mining and Metallurgical Group sells 30% of its metal products on the domestic market in Ukraine and supplies 70% to foreign markets, according to the company’s chief operating officer (COO) Alexander Mironenko in an interview with the Interfax-Ukraine news agency.
“About 30% of metal companies’ products are sold on the domestic market, while 70% are sold on foreign markets. Most of the products are exported to European countries that share a border with Ukraine or to Southeast Europe, which is where the majority of our rolled metal products are shipped. We also supply rolled products (mainly coil) to the Middle East and Asian countries. A small portion of pig iron is sent to the US, and some is shipped to China through ports,” the agency’s interlocutor explained.
Regarding iron ore products, he noted that China is the main consumer of Metinvest’s iron ore concentrate and pellets. At the same time, approximately 60% of iron ore concentrate is shipped to China through Ukrainian ports.
The company’s iron ore raw materials are also consumed by Northern European countries, with volumes there increasing over the past 1.5 years following a significant improvement in the quality of Metinvest’s iron ore pellets.
“We ship our iron ore products to Northern European countries in order to conquer a new market there,” said Mironenko.
The top manager added that Northern GOK has almost reached its pre-war levels: it has two quarries in operation and a fully loaded enrichment plant. Both roasting machines, LURGI 552A and LURGI 552B, are involved in pellet production, operating alternately depending on the pellet production tasks.
According to him, Southern GOK has also now reached pre-war production volumes. The Central GOK is operating below pre-war volumes: there are two quarries where mining has been suspended, but the enrichment plant is operating at almost 80% capacity, receiving ore from other quarries for enrichment.
He added that Ingulets Mining and Processing Plant is currently at a standstill: “There is a small amount of ore mining and concentrate production for technological purposes – volumes are up to 40,000 tons per month, which is a kind of maintenance mode.”
As reported, in early August this year, the United Mining and Processing Plant (UMPP) of the Metinvest Group, comprising the Central, Ingulets, and Northern Mining and Processing Plants, brought the Artemivsk (Central Mining and Processing Plant), Hannivsk (Northern Mining and Processing Plant), and Kolachevsky (Central Mining and Processing Plant) quarries and mines up to their design capacity.
Metinvest is a vertically integrated group of mining and metallurgical enterprises. Its enterprises are located in Ukraine – in the Donetsk, Luhansk, Zaporizhzhia, and Dnipropetrovsk regions – as well as in the European Union, the United Kingdom, and the United States. The main shareholders of the holding are SCM Group (71.24%) and Smart Holding (23.76%). Metinvest Holding LLC is the managing company of the Metinvest Group.
The Fixygen project presents an analysis of promising cryptocurrencies that may increase in value.
1. Ethereum (ETH) – the foundation of decentralized finance
Ethereum continues to show strong momentum. By September 2025, its price had reached a record high of $4,956, and experts predict further growth to $7,500–$12,000, fueled by institutional demand, ETF approval, and the expansion of DeFi and Web3 applications.
2. XRP, Cardano (ADA), and Remittix (RTX) — a balanced portfolio of opportunities
3. DeFi token market: Uniswap, Aave, and Layer Brett
Ethereum remains the foundation, but real income can be generated through DeFi tokens:
It is important to remember that investing in cryptocurrencies is a balance between risk and potential, and it is wiser to invest in projects with working solutions and transparent architecture.
Sunflower oil exports from Ukraine in August 2025 fell to 150,000 tons, which was the lowest monthly volume in more than three years and the second lowest monthly figure in almost 14 seasons, according to the information and analytical agency APK-Inform.
Analysts noted that the decline occurred in all major areas, in particular, there were no deliveries to India.
“The decline in exports of this product during the period was due to seasonal factors, in particular, a reduction in the supply of sunflower seeds on the domestic market, which limited processing, as well as a decline in demand from some importers in anticipation of cheaper oil from the new harvest,” experts explained.
They noted that, according to the results of the current 2024-2025 marketing year, Ukraine exported 4.73 million tons of sunflower oil, which is 24% less than the previous season and the lowest figure for the last three seasons.
“The main factors that limited exports of this product from Ukraine were the smaller sunflower harvest in 2024 and the low margin on its processing,” analysts recalled, adding that supplies to the main markets in the season that has just ended increased slightly.
The top three importers of Ukrainian oil were India (767,000 tons; +44% compared to 2023/24 MY), Spain (656,000 tons; +11%), and Italy (504,000 tons; +28%).
“Overall, the current season has been quite difficult for the Ukrainian sunflower processing sector, forcing factories to seek better profitability in soybean and rapeseed processing, and also prompting the promotion of ”soybean-rapeseed amendments,” APK-Inform summarized.
The National Bank, in cooperation with international partners, is working on reforming the infrastructure of the Ukrainian capital market. This was announced by First Deputy Head of the NBU Serhiy Nikolaychuk in an interview with the Interfax-Ukraine news agency.
According to him, the goal is to adapt Ukrainian regulations to European standards, improve investor protection, and create a basis for the inflow of long-term capital after the war. “We want the Ukrainian market to be as integrated as possible into the European financial space,” Nikolaychuk said.
Starting in November 2025, Uzbekistan will launch the Heritage Hotels of Uzbekistan program, which will allow businesspeople to take long-term leases on cultural heritage sites. They will restore the buildings and create boutique hotels in them.
The transfer of sites is planned under a public-private partnership. Restoration will be carried out using public and private funds.
It is noted that the state will help promote boutique hotels and create a number of benefits for program participants. In particular, they will receive preferences on income, land, and property taxes, as well as customs duties.
According to the document, some facilities will be open at night, with new 24-hour tourist streets featuring entertainment and service establishments. To this end, the Cabinet of Ministers will prepare a project for the development of territories to stimulate the “night” economy.
