Companies Taxi firm Vinasun revenue plunges 10 times

A Vinasun taxi seen in Ho Chi Minh City. Photo by Shutterstock/StreetVJ

Taxi firm Vinasun saw its revenue in the third quarter plunge 10 times to VND23 billion ($991,000) as the fourth Covid-19 wave wrecked the transport industry.

The company posted a loss of VND91 billion, its seventh losing quarter in a row, increasing the chances of being delisted from the Ho Chi Minh Stock Exchange (HoSE).

Months of strict social distancing in HCMC, where the company mostly operates, have caused revenue to plunge due to restrictions on public transport.

Full Story: https://e.vnexpress.net/news/business/companies/taxi-firm-vinasun-revenue-plunges-10-times-4374855.html