Deals

Vietnam-based digital consumer platform Be raises over $30m

Be expects to be EBITDA-positive in 2024.

Venture Capital

Vietnamese ride-hailing app Be Group raises funds from Vingroup’s EV unit

The undisclosed cash injection will help Be Group transition its fleet to EVs.

People

Gojek appoints new general manager for Vietnam business

Vietnam unit’s co-founder Duc Phung is quitting to "seek new professional challenges".

Venture Capital

Vietnam-based Be Group in talks to raise over $100m equity funding

Be wants to draw 20m users to its platform by 2026.

Deals

Grab rival Vietnam-based Be Group raises $60m loan from Deutsche Bank

The loan facility can be upsized up to $100m

Analysis

As Vietnam battles new COVID wave, ride-hailing & delivery firms feel the impact

The state restrictions have hit the operations of Grab, Be, Gojek, Now and Beamin in Hanoi and HCMC.

Deals

Vietnamese ride-hailer Be launches digital bank in partnership with VPBank

Integrated into the Be app, digital bank Cake will serve Be Group’s 10 million users.

Policy & Regulations

How Vietnam’s new decree is changing ride-hailing in the country

A new decree to legalise ride-hailers in the country has effectively turned them into taxi businesses.

Analysis

Vietnamese ride-hailers choose niche play to avoid faceoff with cash-rich decacorns

Forced by competition and the inability to burn cash to gain scale, the new entrants are tweaking their strategies.

Unicorns

GOJEK’s Vietnam affiliate GoViet says bike service grew 400% since its launch

The firm is yet to start offering car ride-hailing service in Vietnam.