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Singaporean fund suffered big loss before withdrawing from Vinasun

The Singapore-based GIC Pte Ltd has suffered a loss of VND120 billion or $5.27 million, equivalent to 60 per cent of value on its four-year investment in the taxi firm Vinasun.

Grab - Uber deal is on the verge of facing an offical probe due to breach of antitrust law in Vietnam

The Competition and Consumer Protection Department (CCPD) under the Ministry of Industry and Trade considers launching a formal investigation into the acquisition of Uber in Southeast Asia including Vietnam by Grab, after announcing the preliminary results are presenting the sign of breaching antitrust law on May 16.

Grab-Uber acquisition probably fails

Days after Singapore began a probe into the deal between Grab and Uber under anti-competition scrutiny, the Philippines and Malaysia said that they will look into it on similar concerns.

Phuong Trang FUTA invests about $100 million in Vivu app: Change instead of complaint

Due to the wave of technology that Uber and Grab brought into Vietnam, FUTA Bus Lines – Phuong Trang Inc (FUTA) decided to pour VND2.2 trillion (roughly $100 million) in a future ecosystem.

Grab acquires Uber’s operation in Southeast Asia

On March 26, Grab officially announced that all of Uber’s motorcycle riders and taxi drivers in Vietnam would work for the former from this April.

Go-Jek is eyeing Vietnam as next SE Asian market

Indonesia’s ride-hailing giant Go-Jek is planning to expand its presence in the 93-million-people market.

Lawyer Truong Thanh Duc: Grab may countersue Vinasun for its unfair offence

Lawyer Truong Thanh Duc said Grab might countersue Vinasun for its unfair competition directly aiming at this taxi-hailing application such as using the protest slogans.

Court suspends Uber lawsuit against Tax Department

The Ho Chi Minh City People’s Court has decided to suspend Uber B.V.’s lawsuit against the Ho Chi Minh City Department of Taxation, allowing the Tax Department to resume coercive enforcement measures to collect over VND53 billion (US$2.3 million) of Uber’s unpaid taxes.

Harsh measures to be taken to collect US$3-million tax arrears from Uber

In case Uber fails to pay VND67 million (US$3-million) in tax within 10 days since the date of receiving written notification from HCM city Department of Taxation, it will be enforced to pay the tax and named on media.

Mai Linh Group heats up the hi-tech motorbike taxi game to compete Uber, Grab

Mai Linh Bike, brand of motorbike taxi service of Mai Linh Group is officially just launched in three big cities namely Ha Noi, Da Nang and Ho Chi Minh city (HCMC) to compete with GrabBike, and UberMoto.

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