Director of Personal Customer Analysis of Yuanta Vietnam Securities Company, talking about how Donald Trump’s rise to the US presidency affects Asia, some of the most important factors need to be considered. Mr. Donald Trump’s view is that he wants to intervene in the Fed’s monetary policy. Mr. Trump is also a supporter of a sharp reduction in the USD basic interest rate. The advantage is that under Mr. Trump, the US economy will likely recover very strongly thanks to US monetary policy decisions. When the US economy grows stronger, with its position as one of the countries exporting the most goods to the US, Vietnam will benefit. Export enterprises such as seafood, textiles, wood, and stone will probably be the biggest beneficiaries, in addition, the logistics industry…

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However, we also need to be careful with the scenario where tariffs will increase sharply under Donald Trump. Some countries with a high export proportion like Vietnam will also be affected to a certain extent. The extent of the impact depends on the future tax rate. Mr. Donald Trump promotes the use of fossil energy, that is, oil and gas. In that case, industry groups such as oil and gas services and petroleum will benefit. From the end of 2023 until now, oil prices have decreased because the whole world is supporting electric vehicles. Although there is tension in the Middle East, because of the rising trend in favor of electric vehicles and weaker oil consumption, oil prices have not increased sharply. Of course, saying that does not mean that Mr. Trump does not support clean energy, but he seems to give more priority to fossil energy.