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Grab pours another $500m into Vietnam expansion

Ride-hailer also inked a new partnership with the Sovico Group

Grab's latest investment in Vietnam will intensify its battle for supremacy with Go-Jek's Vietnam brand Go-Viet. (Photo by Akira Kodaka)

SINGAPORE -- Ride-hailing giant Grab will pump an extra $500 million into Vietnam over the next five years, as the company expands its transport, food-delivery and payments network across Southeast Asia.

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