Vinasun taxis line a road in Ho Chi Minh Metropolis. Picture courtesy of the corporate
Vinasun, the main taxi agency in Vietnam, targets ending its two-year shedding streak this 12 months “in any respect price” to keep away from delisting.
It eyes rising earnings to VND27.3 billion ($1.2 million) towards losses of VND277 billion and VND210 billion from 2021 and 2020.
An organization’s inventory will likely be delisted as soon as reporting losses for 3 years in a row, based on a 2020 authorities decree.
To attain such targets, the taxi big’s administration acknowledged it might deal with restoring market share in Ho Chi Minh Metropolis and the southern provinces of Binh Duong and Dong Nai, and increase cooperations with companions within the transport, retail and fee sectors.
Nevertheless it additionally warned of potential downward dangers from tourism restoration, surging gasoline costs, and competitors from overseas ride-hailing companies.
Final 12 months, Vinasun additionally minimize its payroll by 2,500, together with some 1,800 drivers on account of Covid-19 impacts.
It has bought off 2,900 autos over the past two years, and solely bought 73 new vehicles.