Some major firms such as Vietnam Airlines and Petrolimex have incurred hefty losses since 2014 due to fuel hedging contracts, according to a report on audit results of 2016 released recently.

Car prices in Vietnam are nearly two times higher than in other countries in the region such as Thailand and Indonesia, and much higher than in countries with developed automobile industries such as the US and Japan. 

The National Assembly is afraid that GDP growth in 2017 can hardly meet the 6.7% target. The NA Economic Committee tentatively put GDP growth this year at 6.3-6.5%.

 The Urban Drainage Co. (UDC) has launched an app that updates users on flooded areas, rain, and flood tides in Ho Chi Minh City.

 Han Duc Long, who was wrongly imprisoned for 11 years, has asked for compensation of VND20 billion ($883,000).

 A young British man was found dead on Monday on a tourist boat in the area of Cat Ba Island in the northern city of Haiphong.

 The unbalanced sex ratio at birth is expanding quickly, particularly in the Red River Delta, stressed Deputy Health Minister Nguyen Viet Tien.

 The HCM City People’s Committee has instructed relevant authorities to develop software that will allow the public to obtain land-use plans on their mobile phones as a means to avoid the land “fever” that occurs periodically.

 The Viet Nam Petroleum Association (VINPA) has proposed to establish commercial barriers to protect local firms once import duties on fuel products are gradually reduced to zero per cent.

 Food producer KIDO Group reported on Tuesday that it has increased its holding in the Viet Nam Vegetable Oils Industry Corporation Joint Stock Company (VOC) from 24 per cent to 51 per cent.

 The Ministry of Public Security’s Police Investigation Agency has prosecuted Phi Thai Binh, former chairman of the Vinaconex board of directors, for violating construction regulations and causing serious consequences.

 The Prime Minister released a decision on Monday approving the development of the WHA Hemaraj 1 Industrial Park in Nghe An Province’s Southeast Economic Zone, local online newspaper baonghean.vn reported.

 There are some positive signs for rice exports after a period of lull, the Viet Nam Food Association has said.

Ly Hoang Nam and his Indian partner Vijay Sundar Prashanth won the first round match at the Singapore F1 Men’s Futures tennis tournament yesterday. 

 Cao Vo Ngoc Long of Viet Nam won a gold medal at the second Asian Youth Athletics Championships’ high jumping event in Thailand on Monday.

 Vietnam grabbed their second win on May 23 at the Total Badminton World Federation Sudirman Cup, the World Team Championships, beating Canada 5-0 in the Group 2A in Australia.

 Vietnam won three silvers in the last day of the second Asian Youth Athletics Championships which closed on May 23 in Bangkok.

 Since entering the Vietnamese market in 2006, Lotte Mart Vietnam has never had profit.

 No Vietnamese citizens were injured at the bomb blast at a military-run hospital in Bangkok, Thailand, on May 22. 

 The three best teams won sponsor packages from Facebook (FbStart) worth 80,000 USD each at the TOPICA AI Edtech Asia Hackathon 2017, the largest artificial intelligence contest in Southeast Asia.