Gov’t must adapt to sharing economy models Business

Gov’t must adapt to sharing economy models

Vietnam must identify, implement and build management models for sharing economy applications in the country’s major sectors such as banking and transport to ensure a fair business playground and protect all involved parties, said economics experts at a conference on the sharing economy in Hanoi on October 10.
Grab cars must have roof signs: draft Business

Grab cars must have roof signs: draft

Cars which provide passenger transportation services via ride-hailing platforms like Grab will have to have roof signs showing that they were “contract vehicles”.
Grab’s acquisition of Uber scrutinised Business

Grab’s acquisition of Uber scrutinised

The Ministry of Industry and Trade (MoIT) has set up a council to scrutinise alleged violations of competition regulations in ride-hailing services firm Grab’s acquisition of Uber’s business in Vietnam.
Court delays Vinasun lawsuit against Grab Business

Court delays Vinasun lawsuit against Grab

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 41.2 billion VND (1.75 million USD) for losses it has suffered.
Vinasun suit against Grab delayed again Business

Vinasun suit against Grab delayed again

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.
Grab, Uber fined nearly 10 million USD in Singapore World

Grab, Uber fined nearly 10 million USD in Singapore

Singaporean authorities have fined Grab and Uber total 13 million SGD (9.5 million USD) for violating its competition law during their merging, pushing taxi fares up and restricting opportunities of rivals.
ASEAN makes great technological achievements: WEF President ASEAN

ASEAN makes great technological achievements: WEF President

President of the World Economic Forum (WEF) Børge Brende has highlighted ASEAN’s recent technological achievements in an interview given to Vietnam News on the occasion of the WEF on ASEAN 2018 taking place in Hanoi on September 11-13.
Uber BV completely pays off tax arrears Business

Uber BV completely pays off tax arrears

The Netherlands-based Uber BV Company has completed its remaining tax arrears payment of 53 billion VND (2.26 million USD), immediately after the firm withdrew its petition against the Ho Chi Minh City’s Department of Tax department.
Experts discuss draft decree on auto transportation business Business

Experts discuss draft decree on auto transportation business

State management bodies need to consider the market in terms of the development of new technologies and business methods, rather than using administrative procedures to intervene in the operation of auto transport businesses, said Director of the Central Institute for Economic Management (CIEM) Nguyen Dinh Cung.
Vietnam advised to make full use of sharing economy Business

Vietnam advised to make full use of sharing economy

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.