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Foreign ride-hailing applications cope with new battle to acquire $1.7 billion market dominance

It is undeniable that domestic ride-hailing applications are making a lot of efforts to improve its service quality as well as its technology and technique but still it does not seem to be enough to catch up with Grab.

Ride-hailing app FastGo kicked off to pressurize Grab for market share

FastGo Vietnam Co., Ltd. has launched its ride-hailing application called “FastGo”, the first ever application in the current market to protects customers on each trip using Fast Protection insurance with a value up to $8,700.

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.

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