The ride-hailing market in Việt Nam is entering a new phase of competition as major platforms raise service fees and fares after years of relying on subsidies and promotions to attract users.
The VACC has urged the Government to introduce support measures, warning that volatility in fuel and material prices is directly affecting contractors, particularly those involved in transport infrastructure projects that consume large volumes of fuel and bulk materials.
The abnormal surge in domestic rice prices in this year’s winter-spring crop has caused some rice exporters, who had signed export contracts before the harvest season, to suffer losses during the first quarter.
Newly registered and additional foreign direct investment (FDI) capital
in Viet Nam totalled US$10.5 billion in the first half this year, or a
16 per cent increase over the same period last year.