How will the economy transform under President Donald Trump's second term?
- 9
- Socially Responsible Enterprise
- 14:05 04/12/2024
DNHN - Donald Trump's official election as President for a second term has a positive impact on the US economy as well as bringing prosperity to the world economy.

The Economic Clock (a reliable economic indicator created by British scholars in the late 1950s) is divided into four time zones corresponding to the four seasons of the economy. Time zones 1-2-3 (Fall), time zones 4-5-6 (Winter), time zones 7-8-9 (Spring), and time zones 10-11-12 (Summer). These time zones also align with the four stages of the Circle of the Universe: Decay = Fall = Slow Down, Destruction = Winter = Recession, Formation = Spring = Recovery, and Continuation = Summer = Boom.
Recently, the global economy, including Vietnam, has experienced a Winter phase marked by significant downturns: high inflation and rising interest rates. Commodity prices and corporate profits have decreased substantially, with many businesses facing difficulties or bankruptcy and unemployment levels rising. Governments have implemented tight monetary policies and reduced foreign exchange reserves. Stock and real estate markets have hit rock bottom, investor confidence is low, and many are choosing to stay on the sidelines.
The Economic Clock (Source: Royal London)
With decisive policies aimed at revitalizing the U.S. economy and restoring its global influence, ending wars in Europe and the Middle East, the official re-election of Donald Trump as President for a second term has had a positive impact on the U.S. economy and global economic prospects. This is evidenced by significant stock market gains, a strengthening USD, and a continued rise in gold prices.
Notably, in his second term, Donald Trump has shown support for recognizing Bitcoin and committed to making the U.S. the capital of cryptocurrency. He also plans to establish a national Bitcoin reserve. This has fueled optimism among cryptocurrency investors, who anticipate a more open regulatory environment, driving the value of major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). Following his electoral victory, Bitcoin reached a new record high, at one point trading at $99,600 per BTC, nearly touching the $100,000 mark predicted by analysts.
According to the Asian Development Bank (ADB), Vietnam's economic growth outlook remains positive, with GDP projected to grow by 6% in 2024 and 6.2% in 2025. Inflation is expected to stabilize at 4% for both years. Furthermore, in its mid-October 2024 economic update, Standard Chartered raised Vietnam's 2024 GDP growth forecast from 6% to 6.8%. Inflation has slowed recently, with forecasts for 2024 and 2025 remaining at 3.7% and 3.8%, respectively. The Vietnamese government aims for GDP growth of 6.5-7%, striving for even higher growth rates (7-7.5%) to rank 31-33 globally in GDP size by the end of 2025.

Benner Cycle Analysis: Many investors and professional financial traders regard the Benner Cycle as a prophetic guide for financial markets, as past global recessions and crises have coincided with its predictions. According to the Benner Cycle, the global and Vietnamese economies have reached a low point from the peak years of 2018-2019 to the bottom years of 2023-2024. Starting in 2025, recovery and growth are expected to peak in 2026. Following this, the cycle predicts a decline from 2027 to 2032.
Thus, with Donald Trump’s re-election as the 47th President of the United States and his policies aimed at ensuring U.S. prosperity and global peace, investors anticipate an economic recovery. The economy is expected to enter a Spring phase, corresponding to a recovery period after hitting rock bottom, marked by renewed growth and falling interest rates. Commodity prices and corporate profits are projected to improve, unemployment rates to decline, and stock and real estate markets to rebound. Investor confidence is likely to return, spurring active market participation.
For Vietnam, the global economic growth outlook for 2025 offers both opportunities and challenges. The Vietnamese government’s confidence in achieving GDP growth of 6.5-7% and striving for even higher rates (7-7.5%) to rank 31-33 globally by the end of 2025 is a highly positive signal. However, Vietnam may face challenges from the global economic context, including potential monetary tightening in the U.S., which could pressure exchange rates and capital flows into Vietnam. Hence, the Vietnamese government must adopt flexible monetary policies in alignment with U.S. monetary policies, accelerate structural reforms, enhance competitiveness, leverage international integration opportunities to attract foreign investment, and embrace digital technology and green industries to ensure sustainable economic development.
Dr. Louis Nam Tran (from the United States)
Related news
- Renewable energy: Steering in the right direction of the times
- Clean energy must be protected by transparent, stable, and consistent policies
- European-standard ingredients: Inspiring culinary journeys from the heart of the kitchen
- The foundational mark of pioneers in renewable energy amidst an evolving legal framework
- Taste of Queensland: Strengthening Vietnam–Queensland Partnerships through Culinary Diplomacy
- The power of journalism in “upholding the right and eliminating the wrong”
- LAMORI – The Spirit of Lam Kinh in Every Breath
- “Lithuanian President’s visit opens a new chapter in bilateral cooperation with Vietnam”
- List of Vietnam’s 25 Best Workplaces 2025
- Vietnamese Ambassador to the Federal Republic of Germany, H.E. Mr. Nguyen Dac Thanh, Meets with German Business Leaders in Vietnam
- Hodeco and 54 forge strategic partnership to evelate golf Integrated real-estate
- International sports events – a strategic boost for regional economies and tourism in Vietnam
- Halal market potential – The key to business success
- ESG strategy for small and medium enterprises: From compliance pressure to growth opportunity
- Dong Thap Business Club in Ho Chi Minh City launches support fund to accompany enterprises
- Women entrepreneurs in the Era of National Advancement
- The move of a Chinese businesswoman into Vietnam’s snack market
- The Đại Dũng Group: A 30-Year journey of developing a sustainable value chain
- Rediscovering connection – a journey of discovery at LAMORI
- ShopeeFood and Grab dominate Vietnam’s food delivery market
Đọc thêm Socially Responsible Enterprise
Renewable energy and the institutional challenge: In need of a harmonious solution
In the context of global energy transition becoming an irreversible trend, Vietnam has made remarkable strides in attracting investment in solar and wind power.
Renewable energy: Steering in the right direction of the times
In less than three years, the global energy landscape has undergone a dramatic shift — like a tectonic plate moving beneath the surface.
Clean energy must be protected by transparent, stable, and consistent policies
In Vietnam, renewable energy is not only a solution to ensure energy security and reduce greenhouse gas emissions but also a key driver of a green, clean, and sustainable economy.
The power of journalism in “upholding the right and eliminating the wrong”
Journalism holds a genuine power—the power to “uphold the right and eliminate the wrong,” as President Ho Chi Minh once taught.
International sports events – a strategic boost for regional economies and tourism in Vietnam
Among all sports, golf has emerged as a particularly potent driver of regional development in Vietnam. With nearly 100 courses in operation and development, the country has repeatedly been recognized as Asia’s Best Golf Destination in recent years.
ESG strategy for small and medium enterprises: From compliance pressure to growth opportunity
Amid digital transformation and increasing demands for sustainable development, small and medium enterprises (SMEs) in Vietnam are facing mounting pressure to adapt swiftly or risk being left behind.
According to each style
Sao Mai Center 1 & 2 are located within the grounds of Sao Mai Resort Vung Tau - Phu My city - Ba Ria Vung Tau province.
Free vocational training opportunities for young people who want to study abroad at 'Ánh Hồng Mikade'
Recently, Luster International Joint Stock Company, in collaboration with Ánh Hồng Mikade Co., Ltd., officially launched the Ánh Hồng Spa and Therapy Massage Vocational Training Academy at Ho Chi Minh City.
Foreign Trade Entrepreneurs – reaching out to the world: A practical perspective on agricultural exports and logistics
Recently, the event "Foreign Trade Entrepreneurs – Reaching out to the world", organized by the Foreign Trade Business Association (FBA) in Ho Chi Minh City, brought together over 200 entrepreneurs, business owners.....
Attracting investment in renewable energy – Driving the green economy
In addition to attracting capital, proactive land-use policies and comprehensive implementation plans will contribute to ensuring the sustainable development of the renewable energy sector.