Vinasun, the biggest taxi company in Vietnam, is set to launch a fleet of 500-700 luxury cars exclusively through its ride-hailing mobile app in an effort to compete with popular services Grab and Uber, local media reported. The company, which unveiled its own hailing app a year ago, reportedly will outsource other transport businesses for the new fleet. The company's fleet had reportedly expanded to more than 5,200 by the end of last year. The company saw a 5 percent profit increase last year, compare to 40 percent in 2014. Deputy CEO Ta Long Hy was quoted as saying that customers can choose to book a ride with the new cars or Vinasun's regular cabs.

Source: Thanhnien News July 16, 2016 10:30 UTC