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Grab suffers huge losses in Vietnam

Apart from being under the financial pressure of unprofitable business in Vietnam, Grab is also facing fierce competition from the domestic emerging ride-hailing apps such as Go-Viet, Fastgo.

Grab Taxi’s accumulated losses reach US$41 million

Grab Taxi Co., Ltd (Grab Taxi)'s accumulated losses have reached VND398 billion (equivalent to US$41.36 million), 47 times higher than its charter capital, according to the General Department of Taxation (GDT).

Stock indexes
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