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Money burning race of super apps set to last

Money burning race of super apps set to last

Vietnam is considered an attractive market with massive potential for the development of super apps. However, looking back on the past year, super apps still face difficulties in acquiring market share, despite burning through tremendous amounts of capital.

Winners to take it all in e-wallet race

Winners to take it all in e-wallet race

An economic expert has said e-wallet firms are breaking out promotions to try and win large chunks of the high potential market in Vietnam.

PM wants decree to manage companies like Grab by year-end

PM wants decree to manage companies like Grab by year-end

Prime Minister Nguyen Xuan Phuc asked the Ministry of Transport to speed up the revision of the draft decree about transportation service businesses and submit it to the Government for promulgation before December 30.

Gojek, Grab seek to expand services in Vietnam

Gojek, Grab seek to expand services in Vietnam

Ride-hailing firms Grab and GoViet, a subsidiary of Indonesia's Gojek, have taken turns to announce plans to pump additional funding into expanding their services in Vietnam to win more riders in this fast growing market.

A sharing economy for new startups

A sharing economy for new startups

The rapid development of the IT revolution has helped startups generate a buzz in the social circle, establishing a new era of promoting globalisation in all sectors while building a new economy – the sharing economy.

Express delivery market gathers speed

Express delivery market gathers speed

Ride-hailing giant Grab has followed Russian delivery firm Dostavista and local ride-hailing app Be to invest in express delivery services.

Grab to inject $500 million into Vietnam in next five years

Grab to inject $500 million into Vietnam in next five years

Grab Holdings Inc. announced that it will invest $500 million into Vietnam over a period of five years to tap into opportunities in fintech, new mobility solutions, and logistics in order to spur the development of the country’s digital economy and create millions of income-opportunities that will elevate the quality of life for all Vietnamese.