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Grab Agrees to Driver Fee Cuts and Deduction Cap in Vietnam, Watchdog Says

Reuters11-05 19:45

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RichieTansc
·11-05 20:01
Drivers are not paid correctly as the fare calculated by the app is via gos in a straight line distance and the actual distance to destination can be more than 8 km for the long trip fare. Fares should be calculated via the actual route by the nearest car route
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19:45</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title><a href=\"https://laohu8.com/S/GRAB\">Grab</a> agrees to driver fee cuts and deduction cap in Vietnam, watchdog says</title></head><body><p><span>HANOI, Nov 5 (Reuters)</span><span> - </span>Vietnam's competition commission said on Thursday that ride-hailing firm Grab <span>GRAB.O</span> had agreed to cut some fees charged to passengers and drivers and compensate drivers affected by excessive deductions. </p><ul><li><p>The announcement follows the government watchdog's preliminary review of complaints from drivers between late August and mid-September about declining fares, commissions and other deductions that they said were hurting earnings</p></li><li><p>Grab proposed six measures, including a small reduction in app usage fees charged to drivers and capping the combined fees it collects at no more than 32% of the total amount paid by passengers</p></li><li><p>The 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Fares should be calculated via the actual route by the nearest car route","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/626083710743288","repostId":2681002116,"repostType":2,"repost":{"id":"2681002116","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"pubTimestamp":1793879147,"share":"https://ttm.financial/m/news/2681002116?lang=en_US&edition=fundamental","pubTime":"2026-11-05 19:45","market":"sg","language":"en","title":"Grab Agrees to Driver Fee Cuts and Deduction Cap in Vietnam, Watchdog Says","url":"https://stock-news.laohu8.com/highlight/detail?id=2681002116","media":"Reuters","summary":"Grab agrees to driver fee cuts and deduction cap in Vietnam, watchdog saysHANOI, Nov 5 (Reuters)-Vietnam's competition commission said on Thursday that ride-hailing firm GrabGRAB.Ohad agreed to cut so","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title><a href=\"https://laohu8.com/S/GRAB\">Grab</a> agrees to driver fee cuts and deduction cap in Vietnam, watchdog says</title></head><body><p><span>HANOI, Nov 5 (Reuters)</span><span> - </span>Vietnam's competition commission said on Thursday that ride-hailing firm Grab <span>GRAB.O</span> had agreed to cut some fees charged to passengers and drivers and compensate drivers affected by excessive deductions. </p><ul><li><p>The announcement follows the government watchdog's preliminary review of complaints from drivers between late August and mid-September about declining fares, commissions and other deductions that they said were hurting earnings</p></li><li><p>Grab proposed six measures, including a small reduction in app usage fees charged to drivers and capping the combined fees it collects at no more than 32% of the total amount paid by passengers</p></li><li><p>The company will also reimburse about 3.9 billion dong ($151,869) to drivers after finding about 0.13% of trips since 2024 had deductions above 35%, partly due to algorithm errors or supply-demand fluctuations, the commission said</p></li><li><p>The review came after Grab drivers in September urged colleagues via social media to <span>boycott</span> the app for two days over falling earnings and opaque pricing and commission policies</p></li><li><p>Grab plans to spend about 912 billion dong  ($35.51 million) on driver incentives and operating-cost support and 1.8 trillion dong on passenger promotions in the fourth quarter, the watchdog said</p></li><li><p>The watchdog said it would continue monitoring implementation of the measures and could take action if violations were found</p></li></ul></body></html>","collect":0,"html":"<!DOCTYPE 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Watchdog Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2026-11-05 19:45</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title><a href=\"https://laohu8.com/S/GRAB\">Grab</a> agrees to driver fee cuts and deduction cap in Vietnam, watchdog says</title></head><body><p><span>HANOI, Nov 5 (Reuters)</span><span> - </span>Vietnam's competition commission said on Thursday that ride-hailing firm Grab <span>GRAB.O</span> had agreed to cut some fees charged to passengers and drivers and compensate drivers affected by excessive deductions. </p><ul><li><p>The announcement follows the government watchdog's preliminary review of complaints from drivers between late August and mid-September about declining fares, commissions and other deductions that they said were hurting earnings</p></li><li><p>Grab proposed six measures, including a small reduction in app usage fees charged to drivers and capping the combined fees it collects at no more than 32% of the total amount paid by passengers</p></li><li><p>The company will also reimburse about 3.9 billion dong ($151,869) to drivers after finding about 0.13% of trips since 2024 had deductions above 35%, partly due to algorithm errors or supply-demand fluctuations, the commission said</p></li><li><p>The review came after Grab drivers in September urged colleagues via social media to <span>boycott</span> the app for two days over falling earnings and opaque pricing and commission policies</p></li><li><p>Grab plans to spend about 912 billion dong  ($35.51 million) on driver incentives and operating-cost support and 1.8 trillion dong on passenger promotions in the fourth quarter, the watchdog said</p></li><li><p>The watchdog said it would continue monitoring implementation of the measures and could take action if violations were found</p></li></ul></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU2362540622.SGD":"WELLINGTON NEXT GENERATION GLOBAL EQUITY \"A\" (SGDHDG) ACC","LU2362541513.USD":"WELLINGTON NEXT GENERATION GLOBAL EQUITY \"A\" (USD) ACC","SGXZ58947870.SGD":"LIONGLOBAL SINGAPORE DIVIDEND EQUITY (SGDHDG) INC","LU2125910500.SGD":"Natixis WCM Global Emerging Markets Equity H-R/A SGD","LU1839390173.USD":"JPM ASEAN EQUITY \"A\" (USD) INC","SG9999002406.SGD":"利安新加坡信托基金","LU0979878070.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"A\" (USD) ACC","GRAG":"Leverage Shares 2X Long GRAB Daily ETF","GRAB":"Grab Holdings","SG9999002620.SGD":"LionGlobal South East Asia SGD","BK4122":"互联网与直销零售","SG9999002604.SGD":"LionGlobal Singapore/Malaysia SGD","BK4022":"陆运","LU1242518931.SGD":"Fullerton Lux Funds - 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ACC"},"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20261105:nL6N46M0UJ:1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2681002116","content_text":"<a href=\"https://laohu8.com/S/GRAB\">Grab</a> agrees to driver fee cuts and deduction cap in Vietnam, watchdog saysHANOI, Nov 5 (Reuters) - Vietnam's competition commission said on Thursday that ride-hailing firm Grab GRAB.O had agreed to cut some fees charged to passengers and drivers and compensate drivers affected by excessive deductions. The announcement follows the government watchdog's preliminary review of complaints from drivers between late August and mid-September about declining fares, commissions and other deductions that they said were hurting earningsGrab proposed six measures, including a small reduction in app usage fees charged to drivers and capping the combined fees it collects at no more than 32% of the total amount paid by passengersThe company will also reimburse about 3.9 billion dong ($151,869) to drivers after finding about 0.13% of trips since 2024 had deductions above 35%, partly due to algorithm errors or supply-demand fluctuations, the commission saidThe review came after Grab drivers in September urged colleagues via social media to boycott the app for two days over falling earnings and opaque pricing and commission policiesGrab plans to spend about 912 billion dong  ($35.51 million) on driver incentives and operating-cost support and 1.8 trillion dong on passenger promotions in the fourth quarter, the watchdog saidThe watchdog said it would continue monitoring implementation of the measures and could take action if violations were found","news_type":1,"symbols_score_info":{".IXIC":0.6,"GRAB":1.97,"GRAG":0.6}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":false,"newsSizeData":{"likeSize":2,"commentSize":1,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"isCrawlerRequest":true}