Vietnam Competition Authority (VCA), under the Ministry of Industry and Trade, has decided to conduct a preliminary investigation into Grab’s purchase of Uber’s stakes in Việt Nam.
Taxi firm Vietnam Sun Corporation (Vinasun) plans to cut its full-year revenue for the fourth time for 2018 due to rising competition from foreign ride-hailing firms.
A number of drivers who used to work with the ride-hailing company Uber say they are uncertain about their futures after the company closed here last week.
The HCM City Tax Department said that it will collect VNĐ53.3 biilion (US$2.35 million) of tax liability from Uber.
Uber’s withdrawal from the Asian market is expected to redraw the ride-hailing market including in Việt Nam.
Grab’s acquisition of Uber opens the door for Vietnamese businesses to enter the ride-sharing market, said Khuất Việt Hùng, vice chairman of the Việt Nam National Safety Traffic Committee.
After Grab’s takeover of Uber on March 26, some Vietnamese transport businesses are taking advantage of an opportunity to invest in the lucrative ride-hailing market.
The Ministry of Transport has proposed the Government to cut and simplify 314 of the 500 business conditions and regulations related to transport operations.
The Ministry of Industry and Trade (MoIT) on Tuesday asked Grab Taxi Company Limited to report on its acquisition of Uber in the Southeast Asian market, including Việt Nam.
Grab yesterday officially announced that all of Uber’s motorcycle riders and taxi drivers in Việt Nam would work for Grab from April 8th.