The country should halve its rice exports from the normal 7-8 million tonnes until 2020 because of difficulties exporters face and falling production due to climate change, according to the Việt Nam Food Association.

Shares bounced back yesterday as investors showed better confidence and tried to scoop up speculative stocks that were hit by strong selling.

Further efforts of hastening economic restructuring and institutional reform would drive the Vietnamese economy forward in 2017, according to a report by a finance analysts group.

Vivek Pathak, regional director for East Asia and the Pacific, International Finance Corporation, tells Vietnam News reporter Mai Hương that while the private sector plays a vital role in deepening international integration, the process should be done correctly, because the cost of undoing things can be very high.

Many Vietnamese small-and-medium sized enterprises (SMEs) have not applied technology to their business and 45 per cent of the country’s firms have low or medium technology, while only two per cent of Vietnamese companies have high level technology.

Executives from more than 20 Russian companies introduced their products to supermarkets, distributors and leading import and export companies at a meeting in HCM City yesterday.

The Việt Nam State Treasury mobilised more than VNĐ281.294 trillion (US$12.39 billion) through G-bonds by December 7, meeting the annual plan set by the National Assembly.

The US Federal Reserve on Wednesday raised the benchmark interest rate by a quarter percentage point as expected, citing an improving economy with one month to go before President-elect Donald Trump takes office.

The Korea Rice Foodstuff Association (KRFA) of South Korea on Tuesday inaugurated its Việt Nam representative office in the Mekong Delta city of Cần Thơ.