Leading taxi firm Vinasun has posted an after-tax profit of VND94 billion ($4.04 million) in the first nine months, a year-on-year increase of 68 percent.
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.”
Grab should pay Vinasun VND4.8 billion (US$208,000) for damage it has caused the top taxi firm, a court ruled on December 28.
Grab’s surprise offer to buy a US$2.78-million stake in top taxi company Vinasun has failed, with the latter asking to end negotiations.
The Ho Chi Minh City People’s Court has adjourned trial proceedings brought against ride-hailing service Grab by Vinasun taxi company, which has accused Grab of unfair business practices and demanded compensation of VND41.2 billion (US$1.75 million) for losses it has suffered.
The Ho Chi Minh City People’s Economic Court has once again adjourned the suit filed by taxi operator Vinasun against ride-hailing service Grab, which accuses it of unfair business practices and demands compensation.
Ho Chi Minh City will introduce taxi stands in District 1 on a trial basis for six months, starting today, August 8.
A court in Ho Chi Minh City suspended a hearing regarding a dispute between Vietnam’s top taxi company Vinasun and ride-hailing firm Grab on March 8 just a day after it reopened.
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”.
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.
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.
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.
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.
Many taxi firms have quickly built and released mobile apps and software to improve their services and compete with Uber and Grab.
Price competition between traditional taxis and ride hailing companies like Grab and Uber has become fierce, but it is mostly the drivers on both sides who are suffering the biggest losses.
Many big firms in retail and passenger transport are now expanding their business by selling various unrelated products.
Unlike the billboard ad sector, which has been quiet since the Ad Law took effect in 2013, the number of advertisements on transport vehicles has been increasing.
After being acquired by Didi Chuxing in China, Uber may have to take similar moves in Vietnam and other Southeast Asian countries, experts have said.