More and more businesses are exporting livestock and poultry meat, opening up great prospects for the livestock sector.

The Vietnamese Business Club in the Republic of Korea (VBCK) made its debut at a ceremony in Seoul on July 7, drawing the attendance of hundreds of Vietnamese and Korean businessmen.

Many small, new businesses in the Cửu Long (Mekong Delta) province of Bến Tre have grown big and started to build value chains for local products thanks to the local government’s efforts to promote entrepreneurship.

A majority of credit institutions in the country expect an upward trend in their business in the remaining months of the year, after making improvements in the first half of 2018, according to a survey released on Thursday by the State Bank of Việt Nam.

The Vietnamese cashew sector is calling for an US$800 million credit package from commercial banks to better serve its exports, as heard at a seminar held in HCM City late last week. 

The derivatives market has grown strongly over the last three months as investors switch from stocks to derivatives to avoid short-term risks on the stock market.

Đà Nẵng Port handled more than 774,000 tonnes of cargo in June, the highest amount so far, according to Việt Nam National Shipping Lines (Vinalines).

Domestic businesses should closely monitor the market situation, prepare to adjust their operations and redefine export markets to avoid negative impacts and capitalise on opportunities from the US-China trade war, officials and experts recommended.

Market adjustments over the past few weeks has brought many stocks down to attractive price levels compared to the beginning of the year, but investors should remain cautious.