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Update news e-hailing
After Uber left the Vietnamese market, many ride-hailing apps were launched to compete with Grab, which had taken over Uber. But they have not had much success.
The saying ‘even beggars in China also have QR Code’ shows the great impact WeChat has in China. Grab, Zalo, Go-Viet, be and Now are also struggling to become the super-app with similar level of influence in Vietnam.
Four CEOs of ride-hailing firms had to leave in 2019. Go-Viet witnessed the biggest high-ranking personnel changes.
Go-Viet is speeding up, 'Be' has launched more services, and MoMo has expressed its intention to join the race, while Grab has a new strategy.
Three years ago, the e-hailing market was the playing field of two foreign names, Grab and Uber. Now, the number of firms has increased.
After the departure of Uber, the e-hailing market is now the playing field of four big players, each of which has its own advantage and approach.
VietNamNet Bridge - GrabFood, Go-Food and Now are in a battle in the food delivery market. The food delivery market has been remapped since the beginning of 2019.
VietNamNet Bridge - Warned of the stiff competition, more investors nevertheless joined the e-hailing market after the departure of Uber last year.
The void created by Uber after leaving the e-hailing market has been quickly filled with newcomers, both foreign and domestic, including the latest, a 100 percent Vietnamese app called BE.
VietNamNet Bridge - Uber’s departure from the Vietnamese market has created a space for Vietnam’s apps to develop. Vato, Aber, 123xe and the newcomer Fastgo are among them.
As Uber has lost to Grab in Vietnam and has left the market, Vietnamese are taking advantage of a golden opportunity to jump into the ride-hailing market.
VietNamNet Bridge - Lawyers, citing current regulations, say that it will be very difficult to collect tax debts from Uber, which has sold its Vietnam business to Grab.