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Foreign investor to divest from Vinasun

Foreign investor to divest from Vinasun

Liquidity remains poor with only a few thousand shares traded per session, limiting the fund’s ability to offload shares effectively.
Singaporean fund exits as Vinasuns profit hits two-year low

Singaporean fund exits as Vinasun's profit hits two-year low

In less than a year, Tael Two Partners has withdrawn capital from Vinasun eight times. 
Traditional taxi firms demand equal treatment with ride-hailing apps

Traditional taxi firms demand equal treatment with ride-hailing apps

Traditional taxi firms have demanded that app-based taxis with less than nine seats should be treated the same as them to “ensure fairness and transparency”.
New changes help boost Vinasun performance

New changes help boost Vinasun performance

Changes in its business model and operation helped taxi firm Vinasun avoid bankruptcy last year.
Grab to pay Vinasun 210,300

Grab to pay Vinasun $210,300

The HCM City court on Friday ordered ride-hailing firm Grab to pay VND4.8 billion (US$210,300) worth of compensation to local taxi firm Vinasun.
Court delays Vinasun lawsuit against Grab

Court delays Vinasun lawsuit against Grab

The HCM City People’s Court on Friday adjourned trial proceedings brought against ride-hailing service Grab by Vinasun taxi company, which has accused Grab of unfair business practices and demanded compensation of VND41.2 billion (US$1.756 million) for losses it has suffered.
Vinasun seeks 1.8m compensation from Grab for ‘losses

Vinasun seeks $1.8m compensation from Grab for ‘losses’

At a trial in HCM City on 23 October a government prosecutor said ride-hailing company Grab’s operations have caused losses to taxi giant Vinasun.  
Singaporean investment fund divests from Vinasun

Singaporean investment fund divests from Vinasun

After losing more than VND125 billion (US$5.5 million) in Vinasun, Singaporean investment fund Government of Singapore (GIC) announced a full divestment from Vietnam Sun Corporation (VNS).
Vinasun cuts revenue forecast

Vinasun cuts revenue forecast

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.
Vietnamese taxi company sues Grab for unfair business practices

Vietnamese taxi company sues Grab for unfair business practices

HCM City People’s Court commenced trial looking into the suit initiated by the local domestic taxi operator Vinasun against the popular ride hailing service, Grab, on accusations of unfair business practices.
Vinasun, MoMo partner on smart payments

Vinasun, MoMo partner on smart payments

Taxi service provider Vietnam Sun Corporation (Vinasun) and MoMo E-wallet developer M_Service Company signed a strategic cooperation agreement on Wednesday to provide smart payment service to customers.
Uber, Grab rankle Vinasun shareholders

Uber, Grab rankle Vinasun shareholders

In the last three years, ride-hailing applications Uber and Grab have decimated the business of local taxi firms. Now, taxi companies’ foreign shareholders are feeling the pain.
Viet Nams most favourite brand names honoured

Viet Nam's most favourite brand names honoured

The awards for Viet Nam''s most favourite brands were conferred on 34 businesses across several industries at a ceremony held in HCM City on December 26.
Vinasun launches taxi app

Vinasun launches taxi app

Taxi operator Vinasun Corp has launched a taxi app in the central Da Nang City to compete with expansion of global taxi apps such as Uber.
I Move launches new taxi booking app

I Move launches new taxi booking app

The I Move Co., Ltd introduced a mobile taxi booking application called iMove on July 15.