Vietnam taxi market: A paradise for taxi entrepreneurs
The taxi war has been intense in many parts of the world whether it be US, China, India, MENA region, or the South-east Asia. We saw how Uber started its domination in most of these portions. We also saw the emergence of the local players from these respective regions defeating and knocking Uber out of their country. However, there’s been one country whose taxi war scenario has been under the radar. I am talking about Vietnam. A developing nation which is proving to be a taxi haven for the taxi behemoths and entrepreneurs. There has been a huge surge in the demand of ride hailing services in Vietnam due to the combination of below reasons. Increase in the usage of smartphones by the Vietnamese population. Entrance of ride-hailing giants like Uber and Grab. Emergence of Vietnam’s local ride-hailing companies . Implementation of decision No. 24/QD-BGTVT. Reduced taxi fare in comparison with the traditional companies. We’ll discuss about all the above points in detai