French supermarket group Auchan Retail will temporarily keep its three HCMC-based supermarkets in service while 15 others will be shut down nationwide, said Auchan’s communications director.

After racing to breed tra fish, farmers in the Mekong Delta region, mainly in the Tien Giang and Long An provinces, suffered heavy losses because of the rock-bottom prices of tra fish in the market.

The Ministry of Industry and Trade’s decision to raise the electricity price by 8.36% on average is in line with the Electricity Law and the Government’s relevant decisions and directives, according to a report sent to the Government.

Online and mobile payments have kept booming, with year-on-year growth in the first quarter of 2019 reaching 70% and 97.7%, respectively.

Electricity retail prices should have been raised by 9.26 percent instead of 8.36 percent if EVN had correctly calculated the VND3.26 trillion VND foreign exchange rate difference in 2018 into its power production costs.

Capital divestment from State-owned enterprises had slowed and was still facing difficulties, said Dang Quyet Tien, director of Corporate Finance Department under the Ministry of Finance.

The number of private, unlicensed container and truck yards in HCM City’s districts 2 and 9 continues to increase because of a shortage of legal truck yards in the city.

Numerous challenges are facing the export of Vietnamese coffee, which has continually declined in both volume and value since the beginning of this year.

Stockbrokers’ revenues are expected to fall sharply after a price war broke out among them in the wake of Circular No 128/2018/TT-BTC, which took effect last February.

Electricity system capacity exceeds 36,000 MW

Sports marketing is quickly gaining ground in Asia as more global events like the Olympic Games are held in the region and brands recognise the powerful impact of sports.

Slowing global demand amid rising trade protectionism may pose a substantial challenge to Vietnam’s exports, according to ASEAN+3 Macroeconomic Research Office's (AMRO) ASEAN +3 Regional Economic Outlook 2019.

According to the Vietnam Logistics Association, logistics industry lacks of around 2 million employees.

Not only should the State Bank of Vietnam maximize its flexible and effective monetary policy, but commercial banks also need to actively improve their internal strength and gain their own competitive advantages.

Vietnam currently has 17 consumer finance companies, whose total outstanding loans reached more than US$5 billion by the end of last year.

Of the total tax arrears, 35.2% are deemed collectible, 19.4% are tax penalty due to late payment and violation of tax laws, while the remaining 45.5%, equivalent to VND37.64 trillion (US$1.6 billion), is irrecoverable debts.

By the end of the first quarter of this year, 22 banks have had more than VND84.2 trillion of bad debts, an increase of 5.6 percent compared to the beginning of this year.

Traffic projects under the build-operate-transfer (BOT) format, after the property sector, are now on the list of borrowers deemed to be risky clients for banks over the long term.

The seventh session of the 14th National Assembly, with an assortment of solutions to be discussed to further fuel corporate performance in the context of the country’s economic growth signalling a slowdown.

The state-owned Vietnam Electricity group (EVN) is increasing the pace of work to enable 88 solar power plants to start commercial operation by the end of June, with a hope of increasing overall power capacity for the national grid.