Equities

Reuters first to report ride-hailing firm Grab plans major investment in Vietnam

Reuters first to report ride-hailing firm Grab plans major investment in Vietnam

Reuters interviewed the president of Singapore-based ride-hailing firm Grab and broke the news that the company is set to invest “several hundred million dollars” in Vietnam, where the company sees its next major growth market, just weeks after it unveiled a $2 billion plan in Indonesia. The proposed investment is the latest example of a top-notch regional brand deepening its commitment to Vietnam, one of Asia’s fastest growing economies. It also shows the eagerness of Grab, which has raised billions of dollars from investors, to put its cash to work.