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.
The Ministry of Transport has requested Uber and Grab use their logo on cars so that they can be recognisable.
Technology giants Alibaba and Tencent are trying to penetrate the Vietnamese e-payment market.
Enterprises providing transport services and construction materials planned to increase charges following an increase in fuel prices on the domestic market recently.
Uber Vietnam has confirmed that CEO Dang Viet Dung stepped down from his post on October 1 after three years of running the ride hailing service firm in the country.
The transportation market of Vietnam is witnessing significant changes since the rapid expansion of ride hailing apps Uber and Grab in recent years.
After the frenzied wave of buying cars to drive for Grab and Uber, many people were shocked to find themselves tens of millions of dongs in tax arrears after selling their cars.
In 2016, total investment value in startups in Southeast Asia reached US$1.5 billion, but less than US$100 million was poured into Vietnam.
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.
Authorities in Hanoi have come up with a plan that would involve all the 19,000 taxis currently operating in the city to be repainted in one of two colors.
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.
Many cars have been found to provide Uber and Grab services in Danang City despite not being allowed by municipal authorities.
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.
Online transport services that connect inter-provincial transport companies have reduced costs and helped reduce pollution by having fewer trucks on the road.
In the face of the strong development of technical companies in the transportation business, Mai Linh Group is confident in taking the competition to Grab and Uber.
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.
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.
To compete with Grab and Uber, traditional taxi firms have begun providing e-hailing services. However, if people want a traditional taxi, they should call the operator rather than use an app.
The Ministry of Transport has asked ride hailing platforms Uber and Grab to stop providing carpooling services.
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.