HO CHI MINH CITY -- Deutsche Bank has loaned $60 million to ride-hailer Be Group in Vietnam, where customers are literally fighting for rides as companies -- including rivals Grab and Gojek -- struggle to attract drivers amid COVID challenges and rising fuel prices.
Startups
Vietnam ride-hailer gets $60m Deutsche Bank loan to battle Grab
Be Group also competes with Gojek in food delivery and has digital bank
A Be Group driver takes a break in Ho Chi Minh City, where COVID and the Ukraine war have fueled a driver and gas shortage. (Photo by Lien Hoang)
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