Uber competitor Bolt starts recruiting Vietnamese drivers
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Bolt, Europe’s first homegrown ride-hailing company and Uber’s main competitor in the continent, is now recruiting management staff and drivers in HCMC.
The company’s website, which now offers Vietnamese as a language option, allows candidates to register as drivers for a weekly income running into millions of dong (VND1 million = US$39.40).
Founded in 2013 in Estonia, Bolt now operates in over 50 countries with services ranging from ride-hailing and car rentals to food and grocery delivery.
It claims to have 4.6 million drivers and delivery partners serving over 200 million users globally.
Vietnam’s ride-hailing market is projected to reach $880 million in 2024 and grow at a compounded annual rate of 19.5%, hitting $2.16 billion by 2029, according to Indian market research firm Mordor Intelligence.
Its major competitors now include Grab, Xanh SM and Be.
Last year Indonesia’s Gojek exited Vietnam after six years in the country, while Uber had pulled out in 2018.
Questions & Answers
Q.Where is Bolt currently recruiting staff and drivers?
Where is Bolt currently recruiting staff and drivers?
Bolt is currently recruiting management staff and drivers in Ho Chi Minh City. The company's website now offers Vietnamese as a language option for candidates to register as drivers.
Q.What services does Bolt offer globally, beyond ride-hailing?
What services does Bolt offer globally, beyond ride-hailing?
Globally, Bolt offers services including car rentals, food delivery, and grocery delivery. The company operates in over 50 countries and was founded in Estonia in 2013.
Q.Which companies are Bolt's main competitors in the Vietnamese market?
Which companies are Bolt's main competitors in the Vietnamese market?
Bolt's major competitors in the Vietnamese ride-hailing market include Grab, Xanh SM, and Be. Other companies like Gojek and Uber have previously exited the country.
Q.What is the projected value and growth rate of Vietnam's ride-hailing market?
What is the projected value and growth rate of Vietnam's ride-hailing market?
Vietnam's ride-hailing market is projected to reach $880 million in 2024. It is expected to grow at a compounded annual rate of 19.5%, reaching $2.16 billion by 2029.
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