Tag: "grab"

Uber, Grab, Bitcoin and Vietnam’s digital economy

Uber, Grab, Bitcoin and Vietnam’s digital economy

The fierce opposition by traditional taxi firms to Uber and Grab, the uncertainty of state management of bitcoins, and the number of Vietnamese starting up businesses in Singapore all show that it is necessary to amend the legal framework in the context of the digital economy.

Fuel price hike to have knock-on effects

Fuel price hike to have knock-on effects

Enterprises providing transport services and construction materials planned to increase charges following an increase in fuel prices on the domestic market recently.

Traditional taxi firms turn to technology

Traditional taxi firms turn to technology

The transportation market of Vietnam is witnessing significant changes since the rapid expansion of ride hailing apps Uber and Grab in recent years.

Grab and Uber fined, Mai Linh and Vinasun losing value

Grab and Uber fined, Mai Linh and Vinasun losing value

From early 2017, nearly 100 Grab and Uber drivers have been financially penalized for nearly VND350 million (15,400) due to lack of listed identification information, such as name and phone number of the companies.

Uber reduces fare gap in Ho Chi Minh City

Uber reduces fare gap in Ho Chi Minh City

Uber Vietnam’s representative said that its taxi brand UberX will raise fares in Ho Chi Minh City from August 24, closing up with traditional taxi fares.

Thriving online lending carries potential risks

Thriving online lending carries potential risks

Along with the development of digital technology, online lending is getting more popular by inducing numerous benefits for both borrowers and lenders. However, it also contains some possible risks that all should be wary of.

Transport firms move online

Transport firms move online

Online transport services that connect inter-provincial transport companies have reduced costs and helped reduce pollution by having fewer trucks on the road.

Grab and Uber choking out traditional competition

Grab and Uber choking out traditional competition

Vietnamese taxi company Vinasun has seen a decrease in revenue and employees in the first half of this year, claiming it due to the unfair competition in terms of price posed by Grab and Uber.

Taxes on Grab, Uber are compliant to rules, says ministry

Taxes on Grab, Uber are compliant to rules, says ministry

The Finance Ministry asserts the collection of tax on Grab and Uber is fully compliant with prevailing tax regulations and many traditional taxi companies are still paying less than the fixed tax payable by the two foreign firms.

Hanoi mulls no-Uber, Grab streets

Hanoi mulls no-Uber, Grab streets

Ridesharing apps are continuing their uphill battle against Vietnam’s regulations in Hanoi as authorities mull a proposal to ban Uber and Grab cars from entering certain streets.