Both stock indices rebounded on Monday, driven by a recovery among bank stocks, as traders sought bargains after a short decline last week.

In its Global Economic Prospects report released June 4, 2017, the World Bank (WB) forecasts that while global economic growth rate should amount to 2.7 per cent this year, Việt Nam’s own annual estimated forecast will surpass 6.3 per cent but still lower than the 6.7 per cent goal set by the government earlier.

Prime Minister Nguyễn Xuân Phúc met representatives of many major Japanese enterprises in Tokyo on Monday, as part of his official visit to Japan.

The Ministry of Finance has issued a circular to guide the implementation of Decree 69/2016/NĐ-CP on conditions for debt trading.

The domestic retail price of petroleum increased by VNĐ303 to reach VNĐ17,366 (77 US cents) per litre as of 3pm on Monday, the Ministry of Industry and Trade (MoIT) said.

Steelmaker Hòa Phát Group (HPG) plans to issue over 250 million shares to raise capital for investment in the second phase of Hoà Phát Dung Quất iron and steel production complex.

The Government is not considering a hike in power tariffs, said Đỗ Thắng Hải, Deputy Minister of Industry and Trade (MoIT).

The domestic aviation market is expected to see changes in 2018 with the participation of new and big private investors, experts said.

Analysts said the decline in the CPI and some other positive changes in the economy are vital conditions for the State Bank of Việt Nam (SBV) to think of lowering the interest rate.

Demand for organic farm and other products has increased significantly both in Việt Nam and globally, and this is good news for businesses investing in the field, according to the Ministry of Agriculture and Rural Development.

Price competition between traditional taxis and ride hailing companies like Grab and Uber has become fierce, but it is mostly the drivers on both sides who are suffering the biggest losses.

Shares are likely to rise slightly this week on the forecast that investor confidence will pick up on positive macroeconomic signals and sustained foreign investment.

The Government aims to reduce the number of fully State-owned enterprises (SOEs) from 137 to 103 by the end of 2020, according to a plan approved by the Prime Minister.

Interest rates for deposits and loans and bond yields have remained relatively steady since the end of January, as inflation is under control and foreign exchange rate is stable.

Viettel Group announced that it has successfully developed an online charging service called vOCS, which has won a silver prize at the IT World Awards in the category of Most Creative IT Products.

The Việt Nam Internet Association (VIA) will organise a workshop entitled “ICT Comm Vietnam 2017” to promote the development of internet and information technology in Việt Nam.

The Republic of Korea will support Việt Nam in developing online conferencing services using mobile devices.

As information technology plays an ever more decisive role in the development of a country’s economy, Việt Nam’s software sector has made significant advances in the global outsourcing market, but has not yet managed to cement a “Made in Việt Nam” trademark.