Since Uber left Vietnam, both foreign and domestic firms race to launch ride-hailing services, setting themselves apart from Uber and Grab to gain market share. One of the latest players is Singapore-based transportation startup MVLchain, which owns the Grab-like platform MVL and is planning to utilise blockchain technology for the first time in Vietnam. MVL Chain from South Korea to bring blockchain-based ride-hailing app for the first time to Vietnam Speaking at the introduction conference organised in Ho Chi Minh City on May 5, CEO Kay Woo stated that Vietnam is considered a key market of MVL (Mass Vehicle Ledger) and that the firm submitted the dossiers to establish a legal presence in Vietnam and operate as an IT firm. MVL will start to recruit drivers within this month and in case the dossiers are approved on time, the firm will launch the app in July. Drivers will not have to pay commission and the company will make a profit from selling data generated from its daily … [Read more...] about MVL Chain to bring blockchain based ride hailing app to Vietnam
App launch marketing plan
Domestic enterprises are accelerating plans to break into the ride-hailing market after Uber's withdrawal Mpos issues Fastgo ride-hailing app after three years of development According to the plan, the Fastgo ride-hailing app will be officially launched on May 1, after three years of software development. The app is built by Mpos Vietnam Technology JSC, after the order of a large-scale taxi firms from Indonesia and Taxi Open99 Group from Vietnam. According to Nguyen Huu Tuat, general director of Mpos, the Fastgo app can connect all taxi firms with online payment apps. Besides, personal vehicles can also use the app. Fastgo offers advantages for both drivers and customers. Notably, with the exception of the fee to join the app, drivers will not have to pay commission to the operators of Fastgo. Customers will enjoy lower fares than with both traditional taxi brands and Grab. Besides, if any incident occurs during the trip, including traffic accidents or personal injured due to … [Read more...] about Domestic firms launch ride hailing applications to fill in Uber’s space
Ride-hailing business in Vietnam see movement due to the leave of Uber Uber drivers leave over crushed dreams On March 26, all Uber drivers received a notification that after Uber officially stops its operations in Southeast Asia, they will become partners of Grab. Accordingly, drivers who want to work for Grab will have to register to have their accounts automatically transferred to Grab. The change will take place on April 8. However, Uber drivers are not exactly excited about joining Grab because the firm's commissions are far higher than Uber’s. Notably, Uber drivers would need to pay 28.6 per cent of their revenue cent to Grab, including 25 per cent commission and 3.6 per cent personal income tax. The ratio is much higher than the 20-25 per cent Uber charged. Manh, an Uber taxi driver from Hanoi, stated that since mid-2017, when Uber changed its business strategy in Vietnam and hiked commission to 23 per cent, numerous drivers had to return to work for traditional taxi … [Read more...] about Controversial moves on ride hailing market
Mai Linh and Vinasun used to be the biggest, the most reliable local cab firms in Vietnam. Photo via Flickr/Prince Roy under Creative Commons license A phone call and a five-to-ten minute wait. A few more phone calls and a cab arrives...if you're lucky. If not, an apology from the call center and you’re late for the airport. That was three years ago, but now for many Vietnamese, the idea of dialing a taxi call center is an alien concept. In the new era of technology, Grab and Uber are beating street taxis with just the click of a button. And it is not just the passengers who have been won over. Easy registration and flexible working hours have drawn over 50,000 cab drivers to work for Uber and Grab in Vietnam, with many leaving traditional taxi firms in search of a better living. Vinasun, Vietnam’s biggest taxi firm in 2014, lost 8,000 drivers this year, almost half of its employees, while rival Mai Linh Taxi also lost 6,000 drivers. A doomsday scenario for traditional … [Read more...] about Nowhere to turn: Can traditional taxis survive the onslaught of ride-hailing apps in Vietnam?
First 7-Eleven store in Vietnam to be launched this monthHung Le HCMC - Seven System Vietnam JSC announced on June 7 to open the first 7-Eleven store in HCMC on June 15. The first 7-Eleven store in Vietnam will be located on the ground floor of the Saigon Trade Center building in District 1. Seven System Vietnam JSC is the master franchisee of the 7-Eleven convenience store system in the country. The company signed a franchise agreement with Seven Eleven Ink, a subsidiary in the U.S. of the Japanese owner of 7-Eleven store chain Seven & I Holdings Co., Ltd. This means that 7-Eleven convenience store chain enters Vietnam through franchising, not direct investment. 7-Eleven is the third Japanese convenience store brand to be present in Vietnam, along with FamilyMart and Ministop, and Vietnam is the 19th country to have the 7-Eleven store chain. Along with essential commodities, 7-Eleven will introduce its signature products that are famous worldwide, including Slurpee soft … [Read more...] about First 7-Eleven store in Vietnam to be launched this month