The pricing of the GrabCar Economy package is being tested Many information shows that Grab Vietnam may be about to launch a new GrabCar service. Grab’s new package is called GrabCar Economy. According to the description, this service is for passengers wishing to move GrabCar with basic requirements and the cost of saving about 10% more than normal GrabCar service. Currently, this service is being tested to a number of driver partners. In a statement sent to drivers, Grab said testing the new service will help drivers gain new passengers for more opportunities to increase their income. At the same time, the new service will not affect existing Grabcar services. “GrabCar Economy service will not be automatically activated for all partners, only priority will be given to those in need and quickly register the service”, said Grab’s notice. The fare of GrabCar Economy is 25,000 VND for the minimum of the first 2 km and 8,500 VND / km for the next. GrabCar service prices are respectively VND 27,000 and VND 9,500. The fare is cheaper, but the surcharges (night surcharge, platform fee, stop surcharge surcharge) and discounts are the same as for GrabCar. Many GrabCar drivers reported receiving information about the new service trial implementation from Grab. However, GrabCar Economy is still in beta and it is not clear when it will hit the market. The service name is also displayed on the user’s application, but the user is still unable to book a vehicle. This service is already available on the app, but the user can’t book a car yet The launch of a cheaper package will help Grab expand more customer segments, especially customers who want to travel with more reasonable prices and do not have high requirements for vehicle types. This policy can help this ride-hailing company expand its market share by getting more customers from other apps or traditional taxis. This can make the market race increasingly fierce and the opportunities for new applications to enter the market will narrow, if there is not enough financial capacity to compete.

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