The People’s Court of Ho Chi Minh City found Grab guility of operating as a taxi company and has therefore violated regulations in the country; Grab currently operates in Vietnam as a technology provider.
Grab has been ordered to pay a VND 4.8 billion (USD 208,000) fine to Vinasun to compensate for the losses that the latter has suffered as a result of what it described as “unfair business practices” by Grab. This sum, though, is a lot less than Vinasun’s original demands, which was VND 42.2 billion (USD 1.8 million).
The verdict marks the end of an 18-month-long trial — dragged on by a series of hearing postponements and suspensions — between the Southeast Asian behemoth and one of Vietnam’s key taxi companies.
Vinasun had accused Grab of being disingenuous about the true nature of its operations in Vietnam; it claimed that Grab used its hefty war chest to poach large numbers of drivers and attract riders to its platform. Because of this, it said Grab upended the taxi market and dealt a significant blow to the Vinasun’s bottom line.