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Is the Ride-Hailing App “Money-Burning” Race Ending as One Side Claims Company-Wide Profitability?

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Vietnam is renowned as one of the most lucrative markets for ride-hailing apps. This thriving sector has attracted major players such as Grab, Gojek (recently exited), Singapore’s TADA, and the latest entrant, Bolt. Domestically, Xanh SM and Be Group continue to invest aggressively to secure their market share.

SGI Capital: High Margins, Currency Pressure, and Premium Valuations Pose Hidden Risks

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SGI reports that the recent surge in deposit and lending interest rates is beginning to impact both cash flow and investor sentiment within the domestic market, leading to a noticeable decline in purchasing demand.

Surprise Power Unleashes $2.1 Billion Buying Spree as VN-Index Rebounds

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Proprietary trading desks at securities companies collectively executed a net buy of VND 466 billion on the Ho Chi Minh City Stock Exchange (HOSE).