Grab plans to invest 500 mln USD in Vietnam in the next five years (Photo: VNA)
Hanoi (VNA) – Grab Holdings Inc. announced onAugust 28 that it will invest 500 million USD in Vietnam in the next five yearsto expand its services in the country.
Russell Cohen, head of regional operations ofGrab, said this investment reflects the ride-hailing firm’s redoubledcommitment to the Vietnamese market, noting that the country’s rapidlydeveloping economy and young, mobile-first population makes it ripe for theadoption of digital services.
He noted when Grab is expanding food and parceldelivery, transport and payments business across the country, it hopes to tapand invest in new opportunities emerging in financial technology, mobiletechnology and logistics to bring about greater value and innovation to itscustomers and partners.
By the end of 2019, the firm – one of thelargest tech investors in Vietnam – will have invested more than 200 millionUSD into the country, according to head of Grab Vietnam Jerry Lim.
Since its entry into Vietnam in 2014, Grab hasbecome a leading app in ride-hailing and food delivery in the country. Its fooddelivery platform, GrabFood, saw gross merchandise value growing 400 percent inthe first half of 2019, with average daily orders hitting 300,000.
Meanwhile, Moca – Grab’s strategic partner inpayments – recorded its total payments volume on the Grab app up 150 percent inthe period, with monthly mobile active users rising more than 70 percent. -VNA
Vietnamese ride-hailing firm FastGo on April 11 announced its plan to launch the country’s first helicopter ride-hailing service - FastSky - in Hanoi by the end of this month.
The Vietjet Aviation Joint Stock Company (Vietjet) will team up with Swift 247, a technology start-up providing super express air delivery service (Swift247) and Grab to develop solutions for connecting road and air travel to customers across Southeast Asia.
Singapore-based ride-hailing firm Grab is set to invest “several hundred million dollars” in Vietnam where the company sees its next major growth market, just weeks after it unveiled a 2 billion USD plan in Indonesia.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Grab plans to invest 500 mln USD in Vietnam in the next five years (Photo: VNA) 
