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.
For many people, the World Cup is an exciting event to be eagerly looked forward to. However, many football fans in Vietnam have to put aside their passion because of their work.
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.
Indonesian ride-hailing app Go-Jek will spend 500 million USD to expand its operation to Thailand, Vietnam, Singapore and the Philippines in the next few months, it said on May 24.
The Vietnam Competition Authority (VCA) under the Ministry of Industry and Trade issued a decision on May 18 on its official probe into ride-hailing company Grab’s takeover of Uber Technologies’ Southeast Asia business.
Several banks are keen to establish consumer finance arms to grab a bigger share of a market that is expected to reach 1,000 trillion VND (4.38 billion USD) by 2020 and grow at 29 percent annually.
A number of drivers who used to work with the ride-hailing company Uber say they are uncertain about their futures after the company closed here last week.
The Vietnam Competition Authority (VCA) under the Ministry of Industry and Trade has decided to conduct a preliminary investigation into Grab’s purchase of Uber’s stakes in Vietnam, which is suspected to breach regulations on economic concentration under the country’s Law on Competition 2004.
The Competition and Consumer Commission of Singapore (CCCS) said on April 13 that it has imposed several interim measures on Grab’s acquisition of Uber until competent agencies finish their investigation into the deal.
Grab’s acquisition of Uber opens the door for Vietnamese businesses to enter the ride-sharing market, said Khuat Viet Hung, Vice Chairman of the Vietnam National Safety Traffic Committee.
After Grab’s takeover of Uber on March 26, some Vietnamese transport businesses are taking advantage of an opportunity to invest in the lucrative ride-hailing market.
The Philippines has announced that it will put the ride-sharing service provider Grab into the anti-competition watchlist after its acquisition of rival Uber’s Southeast Asia business.
Malaysia said on April 2 that it will put Grab on the anti-competition watchlist after rival Uber offloaded its Southeast Asian operations to the Singapore-based taxi firm.
Singapore announced on March 30 that it is investigating the sale of US ride hailing giant Uber's Southeast Asia business to Grab over concerns that it may impact competition in the city-state.
The Ministry of Industry and Trade (MoIT) of Vietnam has requested Grab to report on its purchase of Uber in the Southeast Asian market, including Vietnam.
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