Vinasun Faces Financial Challenges Despite Strong Strategy and Investments in the Transportation Industry

Vinasun, a Vietnam-based taxi company, reported a profit of over 22 billion VND in the first quarter of this year. Although this is an improvement from the same period last year, it is still a 58.5% decrease and 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. The company plans to invest in new gasoline-electric hybrid vehicles, with a goal of purchasing about 700 new cars this year, primarily focusing on Toyota’s high-end hybrid models. However, Vinasun has projected a decrease in revenue and profit targets for this year due to various challenges in the tourism and passenger transport industry, as well as constraints from driver support policies and increased competition.

In conclusion, although Vinasun has innovative strategies and investment plans in place, they anticipate a challenging year ahead as they strive to navigate through the current landscape of the transportation industry.