Business
Taxi firms attempt to compete against Grab
  • | dtinews.vn, LD | November 13, 2018 12:39 PM
Three major taxi firms in Hanoi have jointly launched a new service with roughly 3,000 vehicles in a bid to take on ride-hailing giant Grab.

Thanh Cong, Ba Sao and Sao Ha Noi will begin operating under the single G7 Taxi brand on Monday. 

  

Thanh Cong, Ba Sao and Sao Ha Noi will begin operating under the single G7 Taxi brand 

Nguyen Anh Quan, general director of G7 Taxi, said Hanoi was now home to around 70 taxi firms.

However, almost no taxi firm has more than 1,000 vehicles so it is difficult for them to compete with Grab.

Taxi companies are facing fierce competition from the rocketing rise in app-based car usage.

G7 Taxi will not impose peak-hour price rises like Grab and will operate across 12 inner-city districts.

Chairman of Vietnam Automobile Association Nguyen Van Quyen said that the government needed to revise draft Decree 86 which proposes ride-hailing taxi cars with less than nine seats should be treated the same as conventional taxis to ensure equal competition among taxi firms.

Leave your comment on this story