Uber Vietnam CEO Resigns Amid Growing Competition

Tarikh kemaskini: 05/10/2017

HANOI, Oct 5 (Bernama) -- Uber Vietnam has confirmed that CEO Dang Viet Dung stepped down from his post on Oct 1 after three years of running the ride-hailing service firm in the country, Vietnam News Agency (VNA) reported.

Information on the reason for Dung's departure or the new CEO has not been disclosed.

The company said it will still operate normally in the country.

Dung's departure comes at a time when Uber is struggling with numerous challenges, including tax scrutiny by the authorities and increasingly harsh competition in the tech-driven transportation market in the country with a population of more than 90 million.

Besides the crisis faced by Uber globally, Uber Vietnam, which reportedly has four million users, is faced with complaints from users and objections from drivers following a decision to increase transportation fees from 7,000 VND (US$0.3) to 8,500 VND per kilometre in August, together with an increase from 20 per cent to 25 per cent in the amount it collected from drivers.....