Fresh problems emerging from the digital economy, such as conflicts of interests between conventional businesses and digital-based businesses—Uber and Grab are the case in point—necessitates the regulatory institution.
The nation’s first ride hailing app, FastGo, is set to hit the road in Indonesia and Myanmar later this year.
The launch of the GrabFood on-demand food delivery service not only marks an important milestone in Grab’s journey towards becoming the leading everyday superapp that offers Vietnamese and Southeast Asian consumers the most essential daily services, but also reaffirms its commitment for long-term investment in Vietnam market as a technology company.
The Vietnamese Government will continue to support and solidify legal regulations on cashless payment systems, Deputy Prime Minister Vuong Dinh Hue told Anthony Tan, CEO and co-founder of Grab – a ride-hailing platform in Southeast Asia which has been popular in Vietnam over the past five years.
Vietnamese ride-hailing services are struggling to compete with foreign firms Grab and Go-Viet due to a lack of resources.
The new competition law will create a legal framework to better manage economic concentration, experts said.
Just when the app-based ride-hailing market in HCMC was trying to cool down following the recent significant debut of the giant Go-Jek, locally named Go-Viet, another local firm, Go-ixe, has announced plans to join the ride-hailing race, promising to offer quality services at competitive prices, reported the local media.
The Netherlands-based Uber BV Company has completed its remaining tax arrears payment of VND53 billion (US$2.26 million), immediately after the firm withdrew its petition against the Ho Chi Minh City’s Department of Tax department.
Three major taxi firms in Hanoi have recently joined forces to have their 3,000 vehicles operating under a single brand starting in October.
Go-Viet's attractive perks for drivers are motivating many to shift from Grab, and the market leader is responding.
Go-Viet’s attractive perks for drivers are motivating many to shift from Grab, and the market leader is responding.
The ride-hailing application FastGo will debut in Ho Chi Minh City this month, giving another choice of travel and payment methods for customers of the city.
Besides big freight and forwarding companies, numerous startups with technology apps have joined the fast delivery market.
Vietnamese ride-hailing businesses are still struggling to grab market share even after the departure of Uber from Southeast Asia and complaints about the top ride-hailing app Grab.
Vietnam is in a favourable position to take advantage of development opportunities brought by the sharing economy, Chargé d’Affaires at the Australian Embassy in Vietnam Rebecca Bryant stated at a conference on this kind of economy in Hanoi on July 12.
Vietnam’s Ministry of Transport is considering requesting Grab or other ride-hailing cars to put on top signs, publicly declaring that they are ‘electronic contract-based’ vehicles, just like conventional taxicabs are required to carry their taxi roof lights.
The Ministry of Transport has ordered GrabTaxi Vietnam Co Ltd to halt a planned expansion; the company will only be permitted to grow within the five localities in their pilot programme.
After Uber Technologies Inc sold its ride and food-delivery businesses in Southeast Asia to bigger regional rival Grab last March, Vietnamese firms have tried to chip away at Grab’s dominance.
Ride-hailing app Grab has officially introduced a cancelation fee for passengers who frequently call off their bookings in Vietnam.
The race for market share in the Vietnamese ride-hailing sector has just entered a new phase with the arrival of big players like Go-Jek, Aber, and MVL.