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.

Việt Nam earned US$29.8 billion from the export of phones and devices between January and November, a year-on-year increase of US$3 billion, or 10.7 per cent, the Vietnam Customs said.

Prime Minister Nguyễn Xuân Phúc has asked ministries and agencies when developing inspection and audit plans to ensure that enterprises are inspected and audited no more than once a year.

VIETBUILD Home, the annual exhibition on housing, home decoration and household appliances, will be held at the Saigon Exhibition and Convention Centre from December 15 to 19, enabling people to shop for the New Year holidays.

The World Bank (WB) is willing to assist Việt Nam in reforming State-owned enterprises (SOEs), WB Country Director for Việt Nam Ousmane Dione told Deputy Prime Minister Vương Đình Huệ.

Tea exports in the past eleven months reached 118,000 tonnes, earning US$197 million, increasing 7.1 per cent in volume and 4.3 per cent in value compared to the same period last year.

Việt Nam pursues a consistent policy of treating all investors, both domestic and foreign, equally, President Trần Đại Quang told Sultan Ahmed Bin Sulayem of the United Arab Emirates, chairman of  the DP World business group.

Việt Nam’s textile and garment exports this year are estimated to reach US$28.5 billion, meeting roughly 92 per cent of the set plan due to market difficulties, the Việt Nam Textile and Apparel Association (Vitas) reports.

Policies related to credit guarantees need to be revised to improve the credit access of enterprises, especially small- and medium-sized enterprises (SMEs) and micro firms, Deputy Prime Minister Vương Đình Huệ said yesterday.

Around 887.8 million shares of Techcombank were deposited at the Vietnam Securities Depository (VSD) on Tuesday, the first step to trading shares on the securities market.

Prime Minister Nguyễn Xuân Phúc has approved adjustments to the solar power project in the central province of Quảng Bình, which is funded by South Korea’s official development assistance.