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Contracted Uber and Grab cars are not allowed to run across 13 streets in the capital city during rush hours, 6 – 9 am and 4:30 – 7:30 pm, starting January 11.

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 securities market is likely to be the most attractive investment channel for investors in the Vietnamese economy this year, analysts said.

Transport regulations will be reviewed to ensure a fair business environment for firms, Deputy Minister of Transport Le Dinh Tho said.

The Ministry of Finance (MoF) will continue coordinating with the State Bank of Vietnam and other competent authorities to review the use of Malaysian company Grab’s grants from the mother company to its local branch.

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.

Vietnamese masters won two gold medals at the World Youth U14, U16, and U18 Rapid and Blitz Chess Championships, which is ongoing in Greece.

Car-hailing service Uber launched a support centre for partners called Greenlight Hub in the capital city on October 19.

In the last three years, ride-hailing applications Uber and Grab have decimated the business of local taxi firms. Now, taxi companies’ foreign shareholders are feeling the pain.

The transportation market of Vietnam is witnessing significant changes since the rapid expansion of ride hailing apps Uber and Grab in recent years.

Vietnamese swimmer Nguyen Thi Anh Vien on August 21 won a gold medal in the women’s 100m backstroke category at the ongoing 29th Southeast Asia Games (SEA Games 29) in Malaysia.

The organisers of the 29th Southeast Asian Games (SEA Games 29) have received 100 million MR (around 23.33 million USD) from over 300 sponsors.

Ride-hailing services like Uber and Grab are now legal in Malaysia after the Land Public Transport (Amendment) Bill 2017 was passed on July 27 by the Dewan Rakyat (lower house).

Mekong Delta enterprises should foster connectivity and cooperation, while strengthening the application of high technology in production and business, said Vo Hung Dung, Director of the Vietnam Chamber of Commerce and Industry in Can Tho city.

The Hanoi’s People Committee has asked the municipal Transport Department to ban carpooling services for contracted cars.

The Ministry of Transport has asked ride hailing platforms Uber and Grab to stop providing carpooling services.

The Ministry of Transport has clarified on its website that it has not issued any instructions to stop the pilot implementation of passenger e-hailing projects such as Grab and Uber.

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.

Grab Vietnam debuted its carpool service GrabShare in Ho Chi Minh City on May 9, a move hoped to help relieve local traffic pressure.

Minister of Transport Truong Quang Nghia has announced that State management towards Uber solely aims to ensure that the transportation company’s operations in Vietnam comply with regulations.