#Grab

New contenders in the online food delivery market, Grab and GoViet are fiercely fighting over potential customers.

Microsoft Corp is investing in Southeast Asian ride-hailing firm Grab as part of a partnership that the two companies said will allow them to collaborate on technology projects, including big data and artificial intelligence.

The Vietnamese Government will continue to support and solidify legal regulations on cashless payment systems, Deputy Prime Minister Vuong Dinh Hue told Anthony Tan, CEO and co-founder of Grab – a ride-hailing platform in Southeast Asia which has been popular in Vietnam over the past five years.

The competition authority in Vietnam have yet to make the next moves over a transaction in which Grab acquired Uber Technologies Inc’s Southeast Asian business after asking Grab to report details of the deal.

PSNews - The largest South Korea's automaker Hyundai is joining hands with Grab in its future expansion strategy in Southeast Asia.

Uber and Grab are in a fair competition with traditional taxis, so they operate within the confines of existing laws, said a representative from the Ministry of Transport following the Hanoi Taxis Association proposal to stop the pilot operation of the services.

Authorities in HCM City have instructed ride-hailing firms Uber and Grab to delay any plans they have of expanding their fleets in the southern metropolis.

The pilot program allowing Grab and Uber as well as several local taxi and transportation companies to operate their app-based services in three Vietnamese localities has expanded so rapidly that the transport ministry has been forced to put the brakes on it.

The traditional taxi companies describe the competition as 'harsh' and 'unfair'.

Authorities in Danang are looking at a proposal to block access to car hailing mobile applications Uber and Grab due to traffic concerns.