Transport Ministry requires Grab, Uber to stop ride sharing service

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The Ministry of Transport on Tuesday said it had sent a document requiring Grab Taxi and Uber Vietnam Company to stop ride sharing service for contract cars because it breaks current regulations.

Grab Taxi Company has launched GrabShare service in Vietnam

Grab Taxi Company has launched GrabShare service in Vietnam

At present, Grab Taxi has implemented ride sharing service GrabShare and Uber Vietnam is going to launch UberPOOL.
The ministry said that its Decision 24 on pilot application of science and technology in passenger transportation by contracts permits using electronic instead of writing contracts in car rent transactions.
The ministry’s Circular 63 stipulates that transport firms sign one passenger transport contract for each trip.
Basing on these, the ministry required the two companies not to implement GrabShare and UberPOOL to contract cars.

By BICH QUYEN – Translated by Hai Mien

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VN-Index rockets to near 926 points this morning

After increasing 13 points to exceed 900 points on the previous session, VN-Index continued raising 21.27 points this morning to hit 924.89 points with a slew of major stocks advancing in the HCMC Stock Exchange.