Vietnam is one of the 10 countries with the cheapest taxi fares, just 2.8 USD for a 5km cab ride, according to a recent report from Taxi2airport, the global cab-hailing system.

Since riding-hailing platforms like Grab arrived in Vietnam, many traditional taxi companies have lost their lion’s share of the market, some have had to reduce the number of vehicles and others have

Ho Chi Minh City plans to set up taxi pick-up stands to prevent taxis parking in the wrong places and roaming the streets for fares.

In the last three years, ride-hailing applications Uber and Grab have decimated the business of local taxi firms. Now, taxi companies’ foreign shareholders are feeling the pain.

Facebook Messenger users can now book taxis by using the social network.

Southeast Asian taxi hailing app Grab officially launched its GrabCar service in HCM City last week after receiving approval from the Government.