A Grab taxi drives on a street in Hanoi, Vietnam October 29, 2018. REUTERS/Kham/Files
A Vietnamese court on Friday ordered ride-hailing firm Grab to pay 4.8bil dong (RM860,000) in compensation to a local taxi operator, ending an 18-month-long legal battle between the two firms, a Grab spokesman and state media reports said.
The case is a rare instance of a taxi firm suing a ride-hailing rival over profit losses. Vietnam Sun Corp, better known as Vinasun, was awarded just over 11% of the 41.2bil dong (RM7.3mil) in compensation it was seeking over what it said were Grab's unfair business practices.
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