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.
1500 vinfast fadils to join ride hailing services

1,500 VinFast Fadils to join ride-hailing services

After establishing VinBus, Vingroup shook hands with FastGo to add VinFast Fadil and VinFast Lux cars to the fleets of FastGo, FastCar, and FastLux.
traditional taxi operators looking to switch to electronic contracts

Traditional taxi operators looking to switch to electronic contracts

Traditional taxi operators proposed to liquidate contracts with their taxi drivers in order to switch to the ride-hailing service model using electronic contracts to seize the advantages offered by this model.  
ride hailing vehicles to be managed by technology

Ride-hailing vehicles to be managed by technology?

App-based ride-hailing vehicles may be managed by technology, instead of having to install a light box on top as proposed by the Ministry of Transport (MoT) earlier.
grab go viet and be who is the stingiest

Grab, Go-Viet, and Be: who is the stingiest?

Bonus payments for ride-hailing drivers seem a lot less forthcoming now that the firms have gained a firmer foothold in Vietnam. Comparing Grab, Go-Viet, and newcomer Be, the Singaporean giant seems the most tight-fisted.
vietnam seeks to provide fair treatment to ride hailing traditional taxi firm

Vietnam seeks to provide fair treatment to ride-hailing, traditional taxi firm

The Ministry of Finance makes a careful study of tax laws to collect taxes from electronic contract-based vehicles to avoid evasion and ensure a level playing field for ride-hailing and traditional taxi firms.
vca submits complaint about grab uber ruling

VCA submits complaint about Grab-Uber ruling

The Vietnam Competition and Consumer Protection Authority (VCA) submitted a complaint about the decision of the Vietnam Competition Authority that the acquisition deal between Grab and Uber does not violate Vietnam’s Competition Law.
should ride hailing vehicles install taxi signs

Should ride-hailing vehicles install taxi signs?

No developed countries in Southeast Asia or the world force ride-hailing services to install taxi signs. However, Vietnam’s latest proposal requests all ride-hailing vehicles to affix taxi signs to the top of the vehicles, which will weigh down disruptive businesses and dampen benefits to consumers and driver partners.
comfortdelgro savico taxi officially gives up taxi playground

ComfortDelgro Savico Taxi officially gives up taxi playground

ComfortDelGro Savico Taxi, a joint venture between ComfortDelGro and Saigon General Services Corporation (Savico), officially withdrew from the taxi business after failing in the race with heavyweight competitors.
regulating ride hailing firms do not dampen the development

Regulating ride-hailing firms: Do not dampen the development

As the regulatory bodies have yet to create a fair playground for ride-hailing firms and traditional taxi companies, there is heated debate about how to better regulate new business models.
viettel joins ride hailing market

Viettel joins ride-hailing market

Viettel will join the promising ride-hailing market, challenging the dominance of Grab, Go-Viet, and FastGo with its MyGo app.  
concerns over sandbox the new way to approaching the supervision on cross border platforms

Concerns over Sandbox - the new way to approaching the supervision on cross-border platforms

Applying Sandbox – a new approach to find supervising policies, to only the ride-hailing seems have yet to resolve all cross-border issues.
be group and vpbank tie up to roll out payment and financial services

BE Group and VPBank tie up to roll out payment and financial services

BE Group JSC, the Vietnamese owner and developer of the be app, has inked a strategic partnership with Vietnam Prosperity Joint Stock Commercial Bank (VPBank) to provide beFinancial, including payment and financial services from 2019.
grab fined for vnd120 million

Grab fined for VND120 million

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.
legislators vacillating between ride hailing and traditional taxi

Legislators vacillating between ride-hailing and traditional taxi

The competition between ride-hailing firms and traditional taxi companies are causing a headache for legislators who are looking for a way to regulate disruptive business models in Vietnam.