CATEGORIES

© Copyright 2004; Hanoitimes - Economic and Urban Newspaper;

The tribune of Hanoi People’s Committee

Publication Permit: 29/GP-CBC

Editor - in - Chief: Nguyen Thanh Loi

Managing Editor: Ta Thu Giang

Email : thugiang@hanoitimes.vn

Head Office: 21 Huynh Thuc Khang Street, Dong Da District, Hanoi

Branch Office: 221 Tran Phu Street, Ha Dong District, Hanoi

WORDS ON THE STREET 70th anniversary of Hanoi's Liberation Day Vietnam - Asia 2023 Smart City Summit Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Economy / Trade - Service
South Korean’s ride-hailing app Tada to offer service in HCM City this month
Hai Yen 08:20, 2019/01/05
Unlike other ride-hailing services, Tada charges no commission fee to its drivers, so that they can receive the full payment from passengers.
Ride hailing app Tada, developed by South Korea’s start-up Massive Vehicle Ledger (MVL), is scheduled to offer its car hailing services in Ho Chi Minh City on January 21, adding heat to the market that has seen fierce competition among Grab and other foreign and local providers, Vietnam Finance reported. 
 
Illustrative photo.
Illustrative photo.
Unlike other ride-hailing services, Tada charges no commission fee to its drivers, so that they can receive the full payment from passengers. 

According to MVL, Tada is based on its mobility ecosystem with a blockchain system and was first launched on July 26, 2018 in Singapore. 

MVL connects all vehicle-related services by recording various data such as used car transaction history, navigation data, travelling data, car mechanic history, and car accident history on one blockchain system. 

Kay Woo, Tada’s founder, said the service could cooperate with Grab or others similar companies in the future by establishing an ecosystem to connect all mobility services in one. 

In addition to Tada, the MVL ecosystem includes other services related to cars such as navigation, gas station, mechanic shop, insurance, among others, said Kay Woo.

By using a service within the MVL ecosystem, participants could earn MVL point and be able to pay with MVL coin. Within the ecosystem, drivers with positive feedback from passengers could also receive MVL points, which are exchangeable to other benefits. Similarly to a car mechanic providing services or rider using transportation services and leaving review.  

MVL raised US$16 million through its initial coin offering (ICO) in early 2018. 
Comments
Other news
18:45, 2024/11/28
Vietnam, Hesse (Germany) promote high-tech cooperation
Bilateral trade between Vietnam and Hesse has reached around EUR1 billion (US$1.05 billion) annually, accounting for one-tenth of total trade between Vietnam and Germany.
15:34, 2024/11/27
Big discounts on offer at Hanoi's November Promotion Festival
The event is part of the Hanoi Concentrated Promotion Program 2024, held in May, July, and November, attracting up to 2,000 businesses.
17:23, 2024/11/26
Hanoi unveils 150 most popular Vietnamese products and services for 2024
The "Most Popular Vietnamese Products" voting program is part of the city's broader efforts to encourage the consumption of local goods.
16:50, 2024/11/23
Hanoi hosts the Vietnam Regional Specialties Fair 2024
This year's fair will contribute to the promotion of trade and the expansion of typical regional products, especially agricultural and food products that meet export standards.
14:06, 2024/11/20
Hanoi strengthens export competitiveness and trade protection measures
Hanoi will work with the Ministry of Industry and Trade to ensure that businesses and manufacturers are ready for new challenges.
10:49, 2024/11/16
US reiterates Vietnam is not manipulating currency
The US Treasury Department’s positive evaluation underscores Vietnam’s progress in balancing its economic and monetary policies while fostering strong bilateral relations with the US.