Vinasun, a Vietnam-based taxi company, reported a decrease in profit of over 58.5% in the first quarter of this year compared to the same period last year. This is the lowest level of profit in nearly two years and is attributed to support policies for drivers. Despite this challenge, Vinasun remains focused on attracting skilled workers and improving customer service.
Recent financial reports show that Vinasun had revenue of more than 278.6 billion VND in the first quarter, which was a decrease of nearly 15% compared to the same period last year. The passenger transport services by taxi were most affected, with revenue decreasing by 13%. However, Vinasun plans to invest in new gasoline-electric hybrid vehicles with a goal of purchasing about 700 new cars this year, primarily focusing on Toyota’s high-end hybrid models.
Despite these challenges, Vinasun anticipates a difficult year ahead as they navigate through the current landscape of the transportation industry. They face various challenges in the tourism and passenger transport industry as well as constraints from driver support policies and increased competition. In conclusion, Vinasun will have to implement innovative strategies and investment plans to overcome these obstacles and remain competitive in the industry.
