August 28 - 10:08
Grab to invest $500 million in Vietnam
Grab is doubling down on its commitment to Vietnam. The ride-hailing firm will spend $500 million there over the next five years, expanding its transport, food and payments networks. "Vietnam's rapidly developing economy and emerging middle class population makes it ripe for the adoption of digital services," said a spokesperson. Last month it announced an investment of $2 billion into Indonesia.
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