return icon Vietnamnet.vn

Grab to pay Vinasun $210,300

 The HCM City court on Friday ordered ride-hailing firm Grab to pay VNĐ4.8 billion (US$210,300) worth of compensation to local taxi firm Vinasun.

The HCM City court on Friday ordered ride-hailing firm Grab to pay VNĐ4.8 billion (US$210,300) worth of compensation to local taxi firm Vinasun.

 

{keywords}

The HCM City court on Friday ordered Grab to pay US$210,300 to local taxi firm Vinasun for its violations during 2016-17, which caused losses for the Vietnamese firm. — Photo vneconomy.vn


The compensation was much lower than Vinasun’s demand, which was VNĐ41.2 billion, the loss Vinasun suffered in 2016-17.

Vinasun alleged Grab was the sole factor for the earnings decline, as Grab entered Vietnam in 2015.

At the court, the city’s procuracy said Vinasun had not provided evidence that proved Grab’s violations were the only causes for its losses.

Therefore, the procuracy denied Vinasun’s demand for compensation of VNĐ41.2 billion.

The court also maintained its judgement made on October 23 that Grab was accused of predatory pricing and abusing the transport ministry’s Decision 24 on piloting contracted passenger transportation. Grab claimed to be a technology firm but Vinasun reported it as a taxi transport company with a large number of drivers.

Grab operation in Vietnam was said to have hurt local taxi companies’ earnings by offering cheaper fares.

The procuracy said it would report the case to the Supreme People’s Procuracy of Vietnam, the Ministry of Transport and other Government agencies to develop a new transport law to ensure fairness for all businesses.

The court judges acknowledged Grab had violated Vietnam’s laws on transportation. As the number of Grab cars increased, more Vinasun taxis would be abandoned and unused, raising inventory and maintenance costs for the Vietnamese firm.

The lawsuit ran for 18 months

VNS 

MORE NEWS

A day in the life of a fisherman in ​​Mong Cai

After Van Don - Mong Cai highway opened for traffic in early September, the border city of Mong Cai became a new tourist attraction.

Vietnamese navy ship arrives at Lumut port, beginning Malaysian visit

Sailing Ship 286-Le Quy Don of the Vietnam Naval Academy and a delegation of the Vietnam People’s Navy arrived at Lumut port in the Malaysian state of Perak on October 4, beginning a visit to Malaysia.

Hanoi, CNN boost tourism promotion cooperation

CNN wishes to resume tourism promotion cooperation with Hanoi, thus contributing to introducing the capital city’s cultural identity and valuable traditions to the world, Senior Vice President of CNN Robert Bradley said.

Vietnam's brand value reaches $431 billion

According to the latest report of the world's leading brand valuation consulting company - Brand Finance, Vietnam's national brand value has increased by 11 percent in 2022, from $388 billion to $431 billion.

Unblocking capital sources for the economy

After the recent increase in credit limit, the State Bank of Vietnam (SBV) has granted 13.6 percent of the total 14 percent credit room in 2022.

Share prices fall, billionaires lose big

Billionaire Tran Dinh Long’s assets have fallen by $1.6 billion this year, while billionaire Pham Nhat Vuong has lost $2 billion.

Video game helps promote Vietnamese culture, tourism

The video game “Lac Viet phieu luu ky” (Lac Viet Adventures) was selected by the Ministry of Foreign Affairs as a promotional product on digital platforms at the Vietnam Days Abroad 2022 in Austria, India, and the Republic of Korea this year.

Over 100 Vietnamese citizens deported from China for illegal stay

106 Vietnamese citizens that stayed illegally in China were returned to Vietnamese authorities at the Ly Van Border Gate in the northern province of Cao Bang on Tuesday.

"578 Magnum" film chosen to compete at 2023 Oscars

The head of the Vietnam Cinema Department, Vi Kien Thanh, said the “578: Phat Dan Cua Ke Dien” (578 Magnum) film received a score of 9, the highest from the national selection board, and was chosen to represent Vietnam at Oscars 2023.

HCM City to recruit key officers through exams

The city’s Vice Chair Vo Van Hoan has signed a decision on organizing exams to select leaders and managerial officers for local public agencies.

HAGL Group repays bonds worth trillions of VND

The Hoang Anh Gia Lai Group (HAG) of entrepreneur Doan Nguyen Duc eased its debt burden of VND6.6 trillion in bonds prior to Decree 65’s issuance.

70-year-old publishing industry tries to catch up with rest of the world

Tran Chi Dat, Director and Editor-in-Chief of the Information and Communications Publishing House, says that e-books and other modern publishing models are now giving more choices to readers in accessing content.

Vietnam's first monkeypox patient tests negative, symptoms disappearing: hospital

The patient, a 35-year-old woman who return from Dubai, is no longer suffering from fever, while the blisters on the face, hands and feet have dried up, peeled off and new skin is forming, said the doctors treating her.

Largest-ever Vietnamese rock concert to hit stage in HCM City

Leading rock bands and singers from across the country are set to perform in the World Rock Vietnam concert which will get underway on December 10 in Ho Chi Minh City.

Vietnam to impose temporary anti-dumping duties on Chinese tables, chairs

Vietnam will impose temporary anti-dumping duties on some table and chair products originating from China, the Vietnamese Ministry of Industry and Trade has said.
back_to_top