Vinasun continues to bear losses in second quarter

Vinasun continues to bear losses in second quarter

Vinasun has released its financial statement for the second quarter of 2021 with a net loss of nearly VND66 billion ($2.87 million).
Law case illustrating need for new thinking

Law case illustrating need for new thinking

The prolonged legal battle between Vinasun and Grab came to an end last week when the Supreme People’s Procuracy in Ho Chi Minh City ruled that the ride-hailing firm has to pay a hefty fine in compensation to the taxi operator.
Upholding verdict in Vinasun-Grab: Bad precedent for tech companies

Upholding verdict in Vinasun-Grab: Bad precedent for tech companies

The recent move to uphold the first instance judgment of the Vinasun and Grab case has sparked concerns that it sets a bad precedent for disruptive firms.
Court of Appeal upholds verdict in lawsuit between Vinasun and Grab

Court of Appeal upholds verdict in lawsuit between Vinasun and Grab

On March 10, the Supreme People's Procuracy of Ho Chi Minh City issued the verdict to the prolonged debate between Vinasun and Grab Vietnam.
Appellate court begins work on dispute between Vinasun and Grab

Appellate court begins work on dispute between Vinasun and Grab

After a heated debate at the appellate court, Vinasun is still asking Grab to pay VND36 billion ($1.57 million) in compensation for its damages.
Ride-hailers to adjust smoothly

Ride-hailers to adjust smoothly

Despite previous reservations by ride-hailing firms such as Grab and Go-Viet, normal business operations are expected following the Ministry of Transport’s decision to halt its pilot scheme for such services from April.
Vietnam seeks to provide fair treatment to ride-hailing, traditional taxi firm

Vietnam seeks to provide fair treatment to ride-hailing, traditional taxi firm

The Ministry of Finance makes a careful study of tax laws to collect taxes from electronic contract-based vehicles to avoid evasion and ensure a level playing field for ride-hailing and traditional taxi firms.
Grab surpasses Vinasun in tax contribution in 2018

Grab surpasses Vinasun in tax contribution in 2018

Grab has paid VND441 billion ($19.17 million) in taxes to the Vietnamese state budget in 2018, more than three times as much as traditional taxi firm Vinasun.
Vinasun confidently announces eight-fold profit thanks to Grab lawsuit

Vinasun confidently announces eight-fold profit thanks to Grab lawsuit

Thanks to winning the lawsuit against Grab, Vinasun expects to reach VND77.1 billion ($3.35 million) in 2019 profit, eight-times as much as in the past years.
Vinasun reports falling profit and staff count

Vinasun reports falling profit and staff count

While the court has not reached a conclusion on its lawsuit against Grab, Vinasun reported falling profit and staff in 2018.
Vinasun-Grab litigation taken to appeals court

Vinasun-Grab litigation taken to appeals court

Neither Vinasun nor Grab are satisfied with the Ho Chi Minh City court’s decision in their lawsuit for damages, scheduling an appeals case for March, prolonging the dispute that highlights the sparks thrown by high-tech firms shouldering aside their predecessors. Van Oanh reports.
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.
Observers wary of Grab suit outcome

Observers wary of Grab suit outcome

The ongoing court case ­between Vinasun and Grab has generated diverging opinion on the tussle between traditional businesses and technology firms in the age of Industry 4.0.
Grab-Vinasun row accelerates

Grab-Vinasun row accelerates

Controversy continues to linger over the lawsuit between Grab and Vinasun, with some ­experts strongly objecting to the prosecution’s latest proposal that the ride-hailing app firm pay compensation to the taxi ­operator.
Vinasun and Grab app at loggerheads over losses

Vinasun and Grab app at loggerheads over losses

Fierce debate broke out during last week’s hearing between Vinasun and Grab as the Vietnamese taxi operator accused the Singaporean ride-hailing app firm of anti-competitive business practices that have resulted in lost earnings.
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