Vinasun continues to lose out against strong competition from Grab

Vinasun continues to lose out against strong competition from Grab

Vietnam Sun Corporation (Vinasun) has reported the third consecutive quarter of loss in its passenger transport business due to competition from ride-hailing services.
What does HSC expect from loss-making Vinasun?

What does HSC expect from loss-making Vinasun?

While GIC cut its losses in Vinasun last week, HSC went ahead to add around VND100 billion ($4.4 million), thus becoming the third largest shareholder of Vinasun.
Singaporean investment fund cuts losses in Vinasun

Singaporean investment fund cuts losses in Vinasun

GIC Private Limited made a full exit from Vinasun at a price less than half of what it paid to buy in four years ago.
Vinasun to set target revenue $47 million lower this year

Vinasun to set target revenue $47 million lower this year

This is the fourth consecutive year that traditional taxi firm Vinasun has planned lower targets due to the competition with ride-hailing services.
ComfortDelgro Savico Taxi suspends operations due to Uber and Grab

ComfortDelgro Savico Taxi suspends operations due to Uber and Grab

ComfortDelgro Savico Taxi announced suspending operations after being impacted by the appearance of Uber and Grab.
Vinasun lawsuit against Grab suspended

Vinasun lawsuit against Grab suspended

The Ho Chi Minh City People’s Court decided to suspend the second instance hearing of Vinasun’s lawsuit against Grab due to lack of evidence.
Vinasun sues Grab for $1.81 million in damages

Vinasun sues Grab for $1.81 million in damages

The Ho Chi Minh City People’s Court has opened the first instance hearing of Vinasun’s VND41 billion ($1.81 million) claim in damages against Grab.
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