In general, Donald Trump’s return to the White House is expected to bring a mix of positive and negative impacts. However, the overarching sentiment is that uncertainty and volatility will prevail, requiring governments and businesses to adapt flexibly to minimize risks and capitalize on opportunities presented by the new context. Increased protectionism Donald Trump’s election as the 47th U.S. President is considered a significant event, already leaving an instant impact on financial markets in general and stock markets in particular. According to a recent SSI Research report, the tariff policies Trump plans to implement may have certain effects on global trade. While the markets are still awaiting more detailed policies, Vietnam could seize the moment to further open its economy to foreign investment. Simultaneously, focusing on domestic growth drivers, such as consumption and public investment, can help sustain fast and sustainable growth. Regarding U.S. trade protectionism, Trump’s approach is expected to be highly protective, including comprehensive tariff measures (60% on Chinese goods and 10-20% on goods from other countries) and potentially withdrawing from the World Trade Organization (WTO). While this poses challenges, it could also create opportunities for Vietnam, provided timely and attractive policies are enacted. On another note, the […]
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