Mai Linh Bike, brand of motorbike taxi service of Mai Linh Group is officially just launched in three big cities namely Ha Noi, Da Nang and Ho Chi Minh city (HCMC) to compete with GrabBike, and UberMoto.
Grab Taxi Co., Ltd (Grab Taxi)'s accumulated losses have reached VND398 billion (equivalent to US$41.36 million), 47 times higher than its charter capital, according to the General Department of Taxation (GDT).
Vinasun taxi company announced its revenue of only VND547 billion (more than US$24 million) in the third quarter of 2017, equivalent to 46 per cent of the same period last year.
New ride-hailing apps such as Uber and Grab are coming under criticism from traditional taxi companies in Vietnam, who claim that tax policies give them preferential treatment.
In the official documents, the Hanoi Transport Department confirms that it would consider the form of treatment if the situation of hanging protestation banners against Grab and Uber recurs.
Recently, the Mai Linh taxi-booking application has added M.Bike and M.Bike Premium features. Can this new move put an end to the slack period under the pressure of Grab and Uber?
Amid the fierce battle between Uber, Grab and conventional taxi, Prime Minister Nguyen Xuan Phuc gave the green light to the new platform of transportation, saying that the trend is inevitable.
Hanoi Transport Department just announces its ban on carpool services provided by Grab and Uber, following an earlier request by the Ministry of Transport.
The General Department of Taxation has currently requested the Ho Chi Minh City Department of Taxation to collect data and inspect tax compliance of Uber Vietnam Ltd. and GrabTaxi Co., Ltd. since their establishments in Vietnam. In addition, the Ho Chi Minh City Department of Taxation must also check tax compliance of two traditional taxi businesses in the area.
The authorities say sharing a car with a stranger comes with risks that passengers should not ignore.