The results of the US elections have sent shock waves across the globe with many wondering what will happen next.
Whilst the Asian markets have already recovered from the news that Donald Trump will be the next president of America, concerns still linger of uncertainties as a direct result of his position of power.
Jitters were sent through the markets when the victory was announced. A result that took many by surprise as Trump beat Hillary Clinton to the White House. Aside from his policies relating to immigration, there are concerns as to what his planned tactics are for trade and international relations.
America has strong ties with some of the leading nations in the world. However with Trump in power, questions have been raised over the Vietnamese friendly policies that Clinton is thought to have upheld. It is argued that Trump has limited knowledge of South East Asia as a region, and his concerns may not lie with continuing the friendly relations that have been rebuilt following the Vietnam War.
It was Bill Clinton’s visit to Hanoi in 2000 that started the groundings for forging relations, but it was only a mere five months ago that all sanctions were lifted. This has enabled the Vietnamese to invest in sophisticated arms used to defend waters in the South China Sea.
Sentiment for property remains good regardless of the result. Many forecasting that any changes will be just a blip. Nicholas Holt, head of research at Knight Frank, Asia Pacific, comments, “The intrinsic qualities of property – that in times of uncertainty it acts as a safe haven, and in times of economic expansion benefits from rental and capital growth – means that despite all the uncertainty of 2016, real estate markets will continue to be active with prime assets in the world’s most resilient cities remaining in significant demand.”