Traditional taxi firms turn to technology

	No motorbikes in inner Ha Noi by 2030
	Experts: Hi-tech improves public transport

Uber and Grab have made competition stiffer than ever, forcing traditional taxi firms suffering from a decline in market share to make technology-driven innovations.

Seven taxi firms of Vietnam have developed their own car hailing applications, besides Uber and Grab, under a Government approved pilot project to apply science and technology in passenger transportation, which were now available on AppStore and Play Store.

What’s significant is that car hailing apps of taxi firms do not increase fares during rush hours.

Rapid expansion of Uber and Grab forcing traditional taxi firms suffering from a decline in market share. (Photo: bangordailynews)

According to Nguyen Van Thanh, president of the Auto Transport Association, the 4.0 industrial era is approaching and it is, therefore, vital to encourage transportation firms to apply advanced technologies.

“The market will certainly witness positive developments. However, it is of significant importance that management policies ensure healthy competition to benefit both providers and passengers.”

“As a matter of course, the competition will be fierce in both passenger and goods transportation,” Thanh said.

Thanh added that supply exceeded demand, to some extent, raising a pressing question about appropriate management policies amidst a rapid increase in cars even as transport infrastructure was severely overloaded in large cities.

Thanh cited statistics of the Vietnam Register, according to which the number of cars reached 200,000 in July.

Recently, taxi firm Vinasun proposed that Grab and Uber should be managed as taxi firms in Vietnam.

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