Grab to Cut Maximum Take Rate on Vietnam Rides to 32%
MT Newswires11-06 17:22
Grab will cut the maximum take on rides in Vietnam to 32% from 40%, the Vietnam National Competition Commission said on Thursday.
The ride-hailing and delivery company proposed the measure after the regulator reviewed its pricing form late August to mid-September following driver complaints. Grab will cut its driver app usage fee to a range of 0% to 25% from as much as 28.76%.
The company will also lower the passenger platform fee on short GrabBike and GrabCar trips and offer a 10% fare discount on rides of 10 km or more from Feb. 26, 2027 till Dec. 31, 2027.
Grab will also reimburse about 3.9 billion dong to drivers on about 0.13% of trips since 2024 where deductions exceeded 35% of shared revenue.
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