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Mai Linh set to pivot toward tech-based taxi services

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HCMC – Mai Linh Group, a traditional taxi operator in Vietnam, has targeted to offer 20,000 tech-based taxi cabs after 2021, gradually moving toward operating as a tech-based taxi operator, it was announced at its annual general meeting for shareholders on July 28.

Mai Linh Group is set to continue restructuring its operations and developing and applying technology to gradually switch from the traditional taxi service to the tech-based taxi service step by step.

On July 16, the group introduced a ride-hailing service on a trial basis in Nghe An Province, as part of the initial step.

At the meeting, the group also announced that it would enter other segments including bus and express boat services, logistics and auto maintenance and repair in the years to come.

Mai Linh Group saw a net revenue of some VND2.2 trillion in 2019, with revenue from taxi operations accounting for 83.1% of the total and a before-tax profit of VND2 billion. Its 2019 net revenue inched down compared to 2018 due to the emergence of tech-based taxi services.

The group aims to earn VND1.7 trillion in net revenue and will increase the number of taxis to some 30,000 against the figure of over 17,000 seen in late 2019.

By Le Anh

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