Vinasun’s Profit Plummets by 58.5% in First Quarter Despite New Strategies

Vinasun, a Vietnam-based taxi company, has reported a profit of over 22 billion VND in the first quarter of this year. However, this marks a 58.5% decrease and is the lowest level in nearly two years. The decline in profit is attributed to the implementation of support policies for drivers.

Recent financial reports show that Vinasun had revenue of more than 278.6 billion VND in the first quarter, a decrease of nearly 15% compared to the same period last year. Passenger transport services by taxi were the most affected, with revenue decreasing by 13%. Despite these challenges, Vinasun remains focused on attracting skilled workers and improving customer service.

To further strengthen their position in the market, Vinasun plans to invest in new gasoline-electric hybrid vehicles. They aim to purchase about 700 new cars this year, primarily focusing on Toyota’s high-end hybrid models. However, despite these innovative strategies and investment plans, Vinasun anticipates a challenging year ahead as they strive to navigate through the current landscape of the transportation industry.