Vietnam spends $1.4 bln on food delivery in 2023, up 30%: Momentum Works

Vietnam spends $1.4 bln on food delivery in 2023, up 30%: Momentum Works

Food delivery services in Vietnam reached a gross merchandise value (GMV) of $1.4 billion in 2023, up 30% year-on-year, according to Singapore-based market researcher Momentum Works.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnamese ride-hailing firm Be secures $30 mln from local broker VPBank Securities

Vietnamese ride-hailing firm Be secures $30 mln from local broker VPBank Securities

Vietnamese ride-hailing firm Be Group, a rival of market leaders Grab and Gojek, has secured an investment of VND739.5 billion ($30.3 million) from VPBank Securities.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Korea, Germany-invested food courier Baemin to leave Vietnam after 4 years

Korea, Germany-invested food courier Baemin to leave Vietnam after 4 years

Baemin Vietnam, a food courier jointly invested by South Korea’s Woowa Brothers and Germany’s Delivery Hero, will stop operating in Vietnam from December 8, the firm announced on Friday.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam’s green push sparks e-bike race

Vietnam’s green push sparks e-bike race

Vietnam is witnessing a fierce race among producers of electric bikes and e-scooters as the country gears up to go green and meet its 2050 carbon neutrality target.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Dat Bike to tap more offshore capital sources with HSBC support

Dat Bike to tap more offshore capital sources with HSBC support

HSBC Bank Vietnam signed a strategic agreement with Dat Bike on Wednesday to help the domestic electric motorcycle maker gain better access to financial markets and digitalize its financial operations.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Gojek partners with Dat Bike to offer electric motorbike delivery service

Gojek partners with Dat Bike to offer electric motorbike delivery service

Gojek has embraced the trend of delivery service using electric motorbikes in Vietnam as the Indonesia-based platform launched a partnership with Vietnamese startup Dat Bike on Thursday.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Ride-hailing platform Gojek Vietnam appoints new general director

Ride-hailing platform Gojek Vietnam appoints new general director

Gojek on Wednesday appointed Sumit Rathor its general director in Vietnam to replace Phung Tuan Duc, who quit the position to pursue his own career.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Ride-hailing firm scores $60 mln Deutsche Bank expansion loan

Ride-hailing firm scores $60 mln Deutsche Bank expansion loan

Deutsche Bank AG has provided Vietnam’s Be Group, a Grab and Gojek rival, with a loan facility of at least $60 million to expand its ride-hailing, food delivery, and digital banking services.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7