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Tag: vinasun

Retail Asia29/04/2024
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General

Taxi firm Vinasun’s profits down by half

1min0
Taxi firm Vinasun’s profits plummeted by 58.5% to VND22 billion ($868,000) in the first quarter, a near two-year low, according to a company disclosure. The Ho Chi Minh City-based company said profits dropped because it had to spend money on “supporting drivers and partners.” Revenues were down 15% to VND278.6 billion. The company aims to […]
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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 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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Retail Asia23/10/2020
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Living

Taxi giant lays off 1,300 employees

1min0
Vinasun has cut its staff by 1,300 in the first nine months as it restructures to reduce costs amid the Covid-19 pandemic. The staff cut has lowered the company’s salary costs by 35.5 percent year-on-year to VND80 billion ($3.4 million), saving it VND4.9 billion each month. It now has 4,480 employees. However, lower salary costs […]
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Retail Asia13/02/2019
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Living

Vietnam prosecutors support Grab appeal against Vinasun

3min0
Prosecutors in Ho Chi Minh City have appealed a verdict ordering Grab to pay compensation to domestic taxi firm Vinasun. They want the appeal court to quash the order requiring the Singapore ride-hailing firm to pay VND4.8 billion ($206,000) in compensation for alleged losses and reject all of Vinasun’s demands. Grab violated a pilot transport ministry […]
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Retail Asia15/01/2019
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Living

Grab appeals $208,000 Vinasun compensation ruling

3min0
Grab has appealed a verdict by a Vietnamese court to pay compensation to domestic taxi firm Vinasun for causing it losses. Arguing that the order to pay VND4.8 billion ($208,000) by the first instance court was unlawful, the Singapore-headquartered Grab has asked the appellate court to quash the case. It wants the court to quash the verdict […]
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Retail Asia31/12/2018
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Living

Vietnam court orders Grab to pay Vinasun $208,000

7min0
Grab should pay Vinasun VND4.8 billion ($208,000) for damage it has caused the top taxi firm, a court ruled Friday. The People’s Court of Ho Chi Minh City said in its verdict that Grab had committed many mistakes in its operations in Vietnam, tantamount to unfair competition, which damaged Vinasun’s business. Before 2016, Grab had […]
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Retail Asia17/12/2018
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Startups

Go-Viet, Grab Vietnam to face tight competition

3min0
Vietnamese technology startup Be Group Corporation officially launched its ride-hailing platform Thursday, with beBike and beCar. The latest entrant to a market dominated by the likes of Grab and Go Viet has set an ambitious target of partnering with 10,000 drivers in a few weeks, by the end of 2018, and 100,000 drivers next year. […]
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