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|The appellate court began its first sitting to discuss the dispute between Vinasun and Grab. Photo: Laodong.vn|
On March 10, after a month-long delay, the Ho Chi Minh City Court opened the appellate court to deal with the dispute between Vinasun and Grab.
At the court, Vinasun asked the jury to accept its petition and order Grab to pay a compensation of VND36 billion ($1.57 million) to offset its plunge in capitalisation. According to the procuracy, Vinasun’s lost earnings had a variety of reasons, such as the regulatory landscape, market conditions, competition dynamics, and passengers’ evolving demands. Vinasun's damages were assessed by Cuu Long Valuation Inspection Company.
However, the representative of Grab said that it operated under a pilot programme, thus the claim that it violated Decree No.86/2014/ND-CP on business and conditions for transportation business by automobile is groundless.
In June 2017, traditional taxi operator Vinasun filed a lawsuit against Grab, claiming that the latter’s operations contributed nearly VND42 billion ($1.83 million) of the VND76 billion ($3.3 million) losses it had suffered in 2016 and the first half of 2017.
On December 28, the Ho Chi Minh City Court awarded Vinasun VND4.8 billion ($208,700) in damages – to the dissatisfaction of both sides, who then submitted their appeal letters to the court, prolonging the dispute that highlights the sparks thrown by high-tech firms shouldering aside their predecessors.