​Vietnam’s taxi giant Vinasun takes Grab to court

An economic court in Ho Chi Minh City assembled on Tuesday to hear a lawsuit filed by local taxi giant Vinasun Corp against GrabTaxi Vietnam in an evidence of continued clash between traditional taxi services and ride-hailing apps in the country. Vinasun has accused Grab of multiple violations in providing taxi services, causing the taxi company profound losses, whilst Grab maintained that it had conducted its business pursuant to Vietnamese laws and was not responsible for the losses suffered by Vinasun. Vinasun’s claims Truong Dinh Quy, deputy general director of Vinasun, submitted to the court documents, photos and videos which he claimed to be evidence of Grab’s illegal practices in Vietnam. Quy asserted that while Grab had constantly promoted itself as a technology solution provider, in reality it was operating as a transport company offering taxi services, and therefore should be answerable to the same laws and regulations as Vinasun or any other taxi company in Vietnam. Vinasun had reported growing every year up until 2015, when Grab and Uber started to enter the Vietnamese market, Quy said, citing two independent studies conducted between January 2016 and June 2017. In 2015, the Ho Chi Minh City-based taxi company reported over VND318 billion (US$14.01 million) in after-tax profit, which dropped to VND295 billion ($13 million) in 2016. The company went into a tailspin in the first half of 2017, raking in just over VND53 billion ($2.33 million), a 50-percent drop from the same period of 2016. Over 8,000 employees departed from… [Read full story]


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