Working on regulations to oversee the competitive power wholesale market are to be completed by June 2017.

Credit in the first five months of 2016 grew 5.48% compared to the end of 2015, the highest for the past few years, according to the State Bank of Vietnam’s Credit Department.

Vietnam’s top tennis player, Ly Hoang Nam, jumped six slots this week to 877th place in the world rankings.

An essay entitled Denmark-Where Happiness Rests, written by 9th grade student Pham Tam Dan from Nguyen Sieu High School, has won the grand prize in the Denmark in Your Eyes creative writing contest.

Vietnam entered six out of eight final rounds on June 13 at the 14th Aerobic Gymnastics World Championships and the 7th World Age Group Competition in Incheon, the Republic of Korea.

Vietnam will take part in the Southeast Asian Junior Women’s Volleyball Championship, which kicks off on July 16 in Thailand.

Garment and textile industry exports in the first five months of this year rose 6.1% to US$8.6 billion, according to the Ministry of Industry and Trade.

Vietnam is showing huge potential for franchising, with dozens of franchises having been established and more new brands expected to enter the market in the next five to 10 years, according to analysts.

Some experts expressed concerns about business inequality after the Ministry of Finance asked the Government to exempt automobile import duties for a tourism investor in the northern province of Ninh Binh.

Vietnamese banks have more opportunities to establish and expand their presence in international markets, Gary Hwa, Ernst & Young’s (EYs) regional managing partner for financial services for Asia Pacific, said.