On November 7, 2024, Indian Prime Minister Narendra Modi was among the first world leaders to congratulate Donald Trump on his election victory. Modi shared a message of support, accompanied by photographs from a previous rally in Houston, and followed up with a phone call to the former president.
According to the Copernicus Climate Change Service, 2024 is projected to be the hottest year on record, exceeding the temperature targets established in the 2015 Paris Agreement. The data indicates that global temperatures may rise more than 1.55°C above pre-industrial levels, raising concerns about climate change impacts worldwide.
In Vietnam, officials and supply chain experts expressed mixed sentiments regarding the implications of a Trump presidency for trade relations. The country, which has a significant trade surplus with the United States, could face volatility due to potential U.S. protectionist measures. While some see opportunities arising from U.S.-China trade tensions, concerns remain about being adversely affected by tariffs. The Vietnamese stock market reacted positively to Trump's election news, particularly in sectors related to industrial parks.
Vietnamese diplomats suggested that purchasing high-value items from the U.S., such as Liquefied Natural Gas and military equipment, could help mitigate trade tensions. However, uncertainty looms over how the new administration's trade policies will unfold and their potential impacts on the Vietnamese economy.