Morning news 4-2: Proposal to exempt income tax for scientists researching urban railway technology

Some notable news: Fining an insurance company for providing misleading information to attract customers; VPBank boss spends nearly 600 billion VND buying stocks at the beginning of the year; Low demand, supermarkets and markets are 'full' of goods in the first days of the year...

Tin tức sáng 4-2: - Ảnh 1. — The high-speed railway project on the North-South axis is 1,451km long, with a speed of 350km/h - Illustration photo: Chat GPT

Proposal to exempt income tax for scientists researching urban railway technology

The Ministry of Justice is appraising the National Assembly's draft resolution to pilot a number of specific and special mechanisms and policies to develop the urban railway system in Hanoi and Ho Chi Minh City by 2035.

Draft developed by the Ministry of Transport.

In particular, the Ministry of Transport proposed many new policies to develop the domestic urban railway industry.

Accordingly, organizations and individuals presiding over scientific and technological activities serving urban railway projects and urban railway projects following the TOD model are subject to policies.

Specifically, it is proposed to exempt income tax from performing scientific and technological tasks serving urban railway projects and urban railway projects following the TOD model.

Along with that, organizations and individuals presiding over scientific and technological activities serving urban railway projects are allowed to decide on limited bidding, designated bidding, and ordering to select contractors to supply services and goods.

Organizations and individuals participating in training and developing high-tech human resources for urban railway projects enjoy preferential policies according to the law on high technology.

In addition, enterprises enjoy incentives as high-tech enterprises according to the provisions of the law on high technology during the period of performing scientific and technological tasks serving urban railway projects, urban railway projects according to the TOD model...

Insurance company fined for providing misleading information to attract customers

News from the National Competition Commission (Ministry of Industry and Trade) said that the commission recently announced its decision to handle the competition case against FWD Vietnam Life Insurance Company Limited.

Tin tức sáng 4-2: - Ảnh 2. — GOLD PRICE UPDATE

Accordingly, this agency imposed an administrative penalty on FWD Vietnam Life Insurance, located on the 11th floor of Diamond Plaza Building, 34 Le Duan, Ben Nghe Ward, District 1, Ho Chi Minh City, for violations in the field of competition, with the amount of VND200 million.

This company was fined for providing misleading information to customers about the business, products and services to attract customers of other businesses, violating the provisions of Point a, Clause 5, Article 45 of the Competition Law.

In addition, FWD Vietnam Life Insurance Company Limited must publicly correct misleading information for customers about the business, products and services on their Facebook page.

VPBank boss spends nearly 600 billion VND buying stocks at the beginning of the year

Ms. Pham Thi Nhung - member of the Board of Directors and permanent deputy general director of Vietnam Prosperity Joint Stock Commercial Bank - VPBank (VPB), has just registered with the Securities Commission to buy more VPB shares for personal reasons.

Accordingly, Ms. Nhung registered to buy 30 million VPB shares by order matching method.

If the transaction is successful, VPBank's leaders will increase their ownership in the bank from 6.06 million shares, equivalent to nearly 0.08% of capital, to more than 36.07 million shares, or 0.45% of capital.

The above transaction is expected to take place from February 6 to March 7.

At the end of the trading session on February 3, each VPB share was priced at VND18,500. It is estimated that with this price, Ms. Nhung will likely spend nearly VND560 billion.

Low demand, supermarkets and markets are full of goods in the first days of the year

According to information from Hoc Mon food wholesale market, the amount of goods imported to the market on the night of February 2 and early morning of February 3 reached 1,329 tons, an increase of 367 tons compared to the previous day; of which vegetables, tubers, and fruits reached 1,041 tons, fruits 173 tons, and pork 115 tons.

Accordingly, wholesale pork prices at the market are stable as before Tet with pork pieces (slaughtered, without head or intestines) at 95,000-100,000 VND/kg; pork cutlets such as thighs at 110,000 VND/kg, baby back ribs at 180,000 VND/kg, ham at 85,000 VND/kg, pork belly at 150,000 VND/kg...

Tin tức sáng 4-2: - Ảnh 4. — Prices of many vegetable products before, during and after Tet are relatively stable compared to last year - Photo: N.TRI

According to a representative of Hoc Mon food wholesale market, although the amount of goods is increasing rapidly compared to the previous day, it is still quite low compared to normal days.

However, due to low demand at the beginning of the year, the basic supply remains stable, and prices of some items such as pickled onions, bitter melon, watermelon, grapefruit... are good.

Similarly, many traders at Thu Duc agricultural and food wholesale market said that selling prices before, during and after Tet this year were generally more stable than in previous years, with some items even cheaper than usual.

Representatives of many supermarkets such as Co.opmart, MM Mega Market, Emart... said that although purchasing power is still relatively low, the points of sale have now returned to normal operation, goods have been fully imported, prices are stable, and many items such as pork, poultry eggs, fruits... are still being discounted from 10-25%.