Singapore partner pulls out of Vietnam taxi joint venture
#1

https://e.vnexpress.net/news/business/co...10041.html

Comfortdelgro cannot take losses anymore, every year burn cash, finally dispose cheap cheap. This is a stupiak investment.
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#2

Grab is very common in VN and not very regulated. The official taxis cannot compete.
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#3

Pull out means dead lah

Why no stamina to stay inside?
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#4

$2.4M is like peanuts these days.

I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
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#5

(30-12-2021, 08:25 PM)Scythian Wrote:  Pull out means dead lah

Why no stamina to stay inside?
Staying inside will mean loosing lots of money, better to pull out and cut loss...... crying Thinking
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#6

Vietnam has a young and tech savvy population. They will go for grab or uber or ride their own motorbike.
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