Traditional taxi companies have demanded that app-based taxis with less than nine seats should be treated the same as them to “ensure fairness, transparency and the same responsibilities towards customers.”
Lam Dong Province's Department of Transport has given Grab Vietnam the nod to launch its GrabTaxi service in the Central Highlands province.
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.
Ride-hailing firm Grab is set to invest “several hundred million dollars” in Vietnam where the company sees its next major growth market.
Traditional taxi firms attributed unfair tax obligation between them and ride-hailing firms to such a decision.
The teaming up of Vietjet Air, Grab, Swift247 will allow goods to be delivered between Hanoi and Ho Chi Minh City in as little as five hours.
In addition to Indonesia and Malaysia, Grab will look more at Vietnam because it sees “increased deal flow on potential opportunities there,” said Grab Ventures’ executive.
A lot of life's little and big jobs can now be taken care of quickly with a few taps on a smartphone.
Ride-hailing firm Go-Viet is looking for as many as 16 senior leaders for existing operations and a new online payment service.
Nguyen Huu Tuat launched a Vietnamese ride-hailing firm a year ago, with dreams of scaling up the business overseas.
The finding that Grab’s acquisition of Uber’s Vietnam operations did not violate antitrust laws has bucked the general trend.
Ride-hailing apps have been expanding their market share, attracting more customers and becoming more ambitious in the e-payment field.
Viettel Post, the delivery arm of Viettel Group, has developed ride-hailing app MyGo for car, motorbike, delivery and transport services.
The targeted companies include Samsung Vietnam, Grab, Sun Group, Yamaha, Shopee, VNG, Huawei Vietnam, among others.
SEA and Grab from Singapore, Woowa Brothers from the Republic of Korea and Go-Jek from Indonesia are fighting for market share.
The market is open to giants with enormous financial resources to become the leaders. However, this competition itself, as well as e-commerce, is predicted to be cutthroat.
The State Bank of Vietnam (SBV) has issued a fine of VND120 million ($5,217) to Grab (Vietnam) Ltd. due to its failure to comply with regulations relating to administrative procedures on registering loans from overseas.
VOV.VN - Ride-hailing startup Grab has branched out into financial services by founding another subsidiary - Grab Financial Group Vietnam.
Public buses in Ho Chi Minh City are getting fewer passengers due to increasing competition from ride-hailing services, according to municipal officials.
Cars which provide passenger transportation services via ride-hailing platforms like Grab will have to have roof signs showing that they were “contract vehicles”.