Grab to invest US$500 million in Vietnam
Passengers at a Grab pick-up and drop-off point in Kuala Lumpur recently. Grab, which operates in eight Southeast Asian countries, has already invested more than US$200 million in Vietnam since entering the market in 2014. – EPA pic, August 28, 2019.
RIDE-HAILING giant Grab said today it will invest US$500 million over five years in Vietnam, the company’s latest expansion in a key Southeast Asian market. The Singapore-based firm has grown rapidly since it ended a bruising battle with Uber last year by buying its US rival’s ride-hailing and food operations in the region.
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