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28. April 2024
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Tag: taxi

Retail Asia23/02/2024
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Startups

Grab chalks up first profitable quarter, but clouds loom

3min0
Grab Holdings reported its first quarterly profit on Thursday and unveiled a maiden share repurchase program, but the ride-share and food-delivery firm’s weak annual sales forecast fanned growth worries and weighed on its shares. While the Singapore-based company’s ride-share growth hit pre-pandemic levels in 2023, its food-delivery services is rebounding from a slowdown following a […]
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Retail Asia10/05/2023
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General

Taxi company back in the black after four years

1min0
Taxi firm Mai Linh Group reported its first profit of VND1 billion ($42,600) after four years in 2022. Its revenues surged by 57% to VND1.65 trillion on recovering demand for transportation after two years of Covid-19. It posted a loss of over VND270 billion in 2021. The company has overcome its most difficult period and […]
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Retail Asia08/03/2023
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General

Vietnam’s richest man launches electric taxi firm

2min0
Pham Nhat Vuong, Vietnam’s richest man, has established GSM, an all-electric taxi operator with a charter capital of VND3 trillion ($126.85 million). Vuong, who is also the chairman of Vingroup, owns a 95% stake in the company. GSM, which stands for “Green, Smart and Mobility,” will launch its taxi services starting in April in Hanoi, […]
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Retail Asia28/02/2022
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General

Taxi firms eye fare surge amid gasoline price hike

3min0
Taxi firms expect to increase their fares as gasoline prices hit an all-time high. Nguyen Cong Hung, Chairman of the Hanoi Taxi Association, said taxi firms planned to increase fares by 5-8 percent, or VND500-800 per kilometer ($1 ≈ VND22,800). The gasoline price surge has increased taxi firm fuel costs by 13.8 percent, he added. […]
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Retail Asia01/02/2022
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General

Taxi firm Vinasun lays off 2,500 employees

2min0
Taxi company Vinasun laid off more than 2,500 employees, including some 1,800 drivers last year with the Covid-19 pandemic causing the business to shrink significantly. According to its newly released financial report, Vinasun had 1,877 employees at the end of 2021, down more than 2,500 people against the beginning of the year. It laid off […]
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Retail Asia10/11/2021
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General

Two more river bus routes proposed for HCMC

2min0
Ho Chi Minh City’s District 7 has proposed to municipal authorities that two new river bus routes be established to connect it with downtown District 1. A private company will invest and operate the two routes on Saigon River for five years, with a total price tag of nearly VND260 billion ($11.5 million), District 7 […]
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Retail Asia22/10/2021
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Uncategorized

Taxi firm Vinasun revenue plunges 10 times

1min0
Taxi firm Vinasun saw its revenue in the third quarter plunge 10 times to VND23 billion ($991,000) as the fourth Covid-19 wave wrecked the transport industry. The company posted a loss of VND91 billion, its seventh losing quarter in a row, increasing the chances of being delisted from the Ho Chi Minh Stock Exchange (HoSE). […]
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Retail Asia20/07/2021
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General

Taxi firm Vinasun continues to remain in the red

1min0
Taxi operator Vinasun reported a loss of VND66 billion ($2.87 million) for the second quarter, its sixth consecutive quarterly loss as Covid-19 continued to wreck its business. Revenues were VND150 billion, the lowest since the company listed on the stock market in 2008. Before the fourth wave of Covid began at the end of April […]
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Retail Asia25/01/2021
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General

Leading taxi firm posts first ever annual loss

1min0
Vinasun, Vietnam’s second-largest taxi firm, reported its first-ever accumulated loss of VND211 billion ($9.15 million) last year. The figure far exceeded the firm’s earlier loss forecast for 2020 at VND115 billion. Vinasun leaders have blamed the loss on the long-lasting impacts of the Covid-19 pandemic. The company has already laid off over 1,300 employees and […]
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