The week-long Lunar New Year (Tet) holiday in Vietnam that ended in the middle of this week spelled a bonanza for GrabCar drivers in Ho Chi Minh City as people still preferred the ride-hailing app despite its skyrocketed fares.
Southeast Asian ride-hailing firm Grab has been in talks with rival Uber to acquire its regional operations in a bid to tighten its grip on the rapidly growing shared transportation sector, Kr-Asia quoted people familiar with the matter as saying.
The Fourth Industrial Revolution has become a buzzword in Vietnam, but locals rarely regard it as a technology that helps them make more money online and improve their daily lives.
The jury on February 7 decided to suspend the trial of a civil case between domestic taxi operator Vinasun and Grab, a popular ride hailing service, for one month after hearing statements by representatives of both sides.
The Ho Chi Minh City People’s Court commenced trial looking into the suit initiated by the local domestic taxi operator Vinasun against the popular ride hailing service, Grab, on accusations of unfair business practices.
Vietnam’s top taxi firm Vinasun is taking the Vietnamese branch of the Malaysia-based ride-haling firm Grab to court over “unhealthy competition”.
Hanoi will request ride-hailing application providers Uber and Grab to publicise their fares like traditional taxi brands.
Vietnam’s leading taxi company Mai Linh has asked the government to ease its social insurance responsibilities, saying that popular ride-hailing apps are pushing it to the brink of insolvency.
On January 10, Hanoi started putting up traffic signs banning contract cars under 9 seats from operating along roads off-limits to traditional taxis.
The Ministry of Transport has submitted the draft of a new circular that includes regulations for passenger transport (by car) through software such as Uber and Grab.
The Netherlands-based ride-hailing firm Uber International Services Holding B.V has filed a lawsuit against the Ho Chi Minh City Tax Department after it decided to forcibly collect tax, Nguoi Lao Dong (Labourer) newspaper reported.
Transport regulations will be reviewed to ensure a fair business environment for firms.
Mai Linh group, a well known taxi firm, has officially joined the app-based motorbike taxi market with its Mai Linh Bike service provided in HCM City, Hanoi and Da Nang, after one month of trial.
The Ministry of Finance rejected the Netherlands-based Uber International Holding BV’s complaints about the decision to collect VND67 billion , or nearly US$3 million, in tax arrears in a statement sent to the US-ASEAN Business Council.
As the online market has grown, firms are increasingly becoming savvier about the newest trends emerging from the digital transformation.
Mai Linh Group has announced that its motorbike taxi service aiming to compete with Grab and Uber, called M.Bike, is set to launch on November 20.
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.
A draft law on cyber security requires foreign companies providing internet and telecommunication services in Vietnam to have operation licenses, a representative agency and an open data center in the country.
The Ministry of Transport has requested Uber and Grab use their logo on cars so that they can be recognisable.
Enterprises providing transport services and construction materials planned to increase charges following an increase in fuel prices on the domestic market recently.