Business news from Ukraine

Business news from Ukraine

Vietnamese Ambassador to Ukraine: Our countries have potential to expand cooperation in trade and investment

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)

  • Population: about 101 million people.
  • GDP growth: 7.1% in 2024, about 8% expected in 2025.
  • GDP (nominal): approximately $490–510 billion – 33rd place in the world.
  • GDP (purchasing power parity, PPP): over $1.5 trillion, ranking the country 23rd in the world.

 

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DIM offers realtors transparent cooperation through DIM REALT

DIM Group of Companies has launched the DIM REALT affiliate program for realtors and brokers, with transparent terms and a focus on long-term cooperation, the company’s press service reports.

The release notes that as part of the program, DIM provides access to its own closed brokerage ecosystem, in which partners, in particular, receive an agreement with clearly defined terms, roles and regulations; a transparent payment system without delays and hidden sub-clauses; exclusive conditions for objects, including presale conditions, etc.

The key focus of the program is on professional support and deep involvement in the company’s products. To this end, DIM organizes special Property tours for brokers with the participation of a team of architects, project managers, and sales, during which partners will be able to see all the nuances and conceptual features of the objects from the inside.

The portfolio of the development company DIM consists of real estate in Kyiv and the region with a total area of over 900 thousand square meters. More than 3.6 thousand apartments have been commissioned, and over 356 thousand square meters of residential and commercial space have been built. Six projects with a total area of over 346 thousand square meters are under construction.

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Ukraine and World Bank strengthen cooperation in agricultural sector

The Ministry of Agrarian Policy and Food and the World Bank plan to expand cooperation in the development of Ukraine’s agribusiness sector.

The agreement was reached following talks between Minister of Agrarian Policy and Food Vitaliy Koval and World Bank Managing Director for Operations Anna Bjerde, the ministry’s press service reported.

According to the report, the parties agreed to expand cooperation in three areas: preparing analytical data for decision-making in the agribusiness sector; institutional support for the Ministry of Agrarian Policy with a focus on integration into EU policies and standards; implementation of programs for more than 200,000 small and medium-sized farmers as the basis for Ukraine’s agricultural sustainability.

“Our goal is not only to preserve but also to transform Ukrainian agriculture in line with EU standards and opportunities. And the advocacy platform provided today by the World Bank team in Vienna is actually the key to faster and more successful European integration,” Koval emphasized.

In addition, during the meeting with World Bank representatives led by Regional Director for Sustainable Development in Europe and Central Asia Sameh Wahba, the possibility of deepening cooperation in the field of irrigation was discussed. In particular, they talked about restarting the irrigation system development plan to get help in more regions of Ukraine.

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Ukraine and Côte d’Ivoire plan to expand trade and economic cooperation

Following the agreements between President of Ukraine Volodymyr Zelensky and President of the Republic of Cote d’Ivoire Alassane Ouattara, Deputy Head of the Office of the Head of State Ihor Brusilo held an online meeting with Minister of Economy and Development of Cote d’Ivoire Niale Kaba.

The key topic of discussion was activation of mutually beneficial cooperation in promising sectors of economy: agricultural industry, trade, infrastructure projects and professional training of Ivorian students in Ukrainian higher educational institutions. Côte d’Ivoire expressed readiness for partnership, in particular due to the beginning of direct dialog between the sectoral ministries.

Special attention is paid to the expansion of the legal framework of bilateral relations in trade and economic sphere. This will ensure favorable interaction in many sectors.

In addition, Brusilo and Kaba agreed on practical steps aimed at the implementation of the agreements reached.

The meeting was also attended by: Deputy Minister of Economy of Ukraine Taras Kachka, Deputy Minister of Agrarian Policy and Food Oksana Osmachko, Director General of the Directorate for Foreign Policy and International Military-Technical Cooperation of the Office of the President Ruslan Kurochenko and representatives of the Ministry of Foreign Affairs.

 

 

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Presidents of Serbia and Ukraine discuss cooperation issues

President of Ukraine Volodymyr Zelenskyy announced talks with President of Serbia Aleksandar Vucic, during which the parties discussed issues of cooperation between the two countries.
“I spoke with the President of Serbia, thanked Aleksandar for supporting our country and our people. We discussed our cooperation – bilateral and also with other partners,” Zelenskyy said in a Thursday evening video address.
He noted that he greatly appreciates the Ukrainian-Serbian dialogue. “Maximum constructive relations for Ukraine and joint security with partners,” the Ukrainian president added.

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Ukrainian Association of Fintech and Innovative Companies and Entrepreneurship Development Fund sign memorandum of cooperation

September 24, 2024, Kyiv – As part of the Access2Finance conference, after the panel discussion “Sources of Financing for Small and Medium-Sized Businesses (SMEs)”, an important event took place – the signing of a memorandum of cooperation between the Ukrainian Association of Fintech and Innovation Companies (UAFIC) and the Entrepreneurship Development Fund.

The memorandum was signed by Rostyslav Dyuk, Chairman of the Board of UAFIC, and Viktor Katrenych, Deputy Chairman of the Board of the Entrepreneurship Development Fund. The purpose of the agreement is to strengthen cooperation between the organizations to support regional economic development and strengthen the position of small and medium-sized enterprises (SMEs) in Ukraine.

The memorandum pays special attention to supporting veteran and women-owned businesses, which is one of the key aspects of social responsibility. The parties also intend to promote the implementation of the principles of sustainable development and ESG (environmental, social and governance criteria), which are important for ensuring sustainable economic growth and increasing the competitiveness of Ukrainian entrepreneurs.

The parties agreed on joint initiatives aimed at increasing SMEs’ access to finance, promoting regional economic activity, and introducing the latest technological solutions for business development.

“The signing of this memorandum is an important step for UAFIC towards expanding opportunities for small and medium-sized enterprises in Ukraine. It is important that as part of our cooperation we will focus on supporting veteran and women-owned businesses, which are the basis for creating a more inclusive and sustainable economy. In addition, the implementation of ESG principles will be a key aspect for increasing the competitiveness of Ukrainian enterprises,” said Rostyslav Dyuk, Chairman of the UAFIC Board.

“For the Fund, the top priority is to support Ukrainian business, especially in such difficult times. In addition, this is exactly the period when it is necessary to involve businesses in the implementation of ESG standards and further develop in this direction for the successful implementation of economic activities. That is why we are pleased to sign a memorandum with UAFIC to jointly support entrepreneurs in our country,” said Viktor Katrenych, Deputy Chairman of the Board of Ford Entrepreneurship Development.

The signing of this memorandum is an important step in strengthening Ukraine’s economy, improving the business climate and supporting entrepreneurship that meets the principles of sustainable development.

The memorandum was signed at the Access2Finance conference, which was supported by the USAID Project Investing for Business Sustainability.

 

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