Ho Chi Minh City, March 6 -- Analysts at finance firm VinaCapital said the direct impact from rising geopolitical tensions in the Middle East on Vietnam's economy under the baseline scenario is expected to remain limited although the conflict is pushing up global oil prices and safe-haven assets such as gold sharply higher. According to Michael Kokalari, Director of Macroeconomic Analysis and Market Research at VinaCapital, the conflict is unlikely to significantly affect Vietnam. Exports to the Middle East account for less than 3% of Vietnam's total export turnover, while the likelihood of a large-scale and prolonged ground campaign in Iran is considered relatively low. VinaCapital views the situation as a more intense version of last ye...
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