8. A Study on the Spillover Effects among the U.S., European and Vietnamese Financial Markets in the Context of the Russia–Ukraine War

This study analyzes the spillover effects among the US, European and Vietnamese financial markets in the context of the Russia-Ukraine war. The study finds out that when the the Russia Ukraine war began, the spillover effect among the US, European and Vietnamese financial markets was very low. In addition, these financial markets have positive impacts on themselves and they are dependent on many factors other than the political volatility. Based on the study’s findings, some solutions are proposed to the governments, businesses and investors in order to cope with market fluctuations caused by the Russia-Ukraine war, and also take advantage of rising opportunities to stabilize and develop domestic financial markets.