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Grab to invest US$500m in Vietnam over 5 years, partners Sovico Group

Vivienne Tay

Published Wed, Aug 28, 2019 · 09:50 PM

Singapore

GRAB said on Wednesday that it is investing another US$500 million over five years to grow in Vietnam and tap opportunities in financial technology (fintech), new mobility solutions and logistics.

In line with this, Grab has struck a strategic partnership with multi-sector Vietnamese conglomerate Sovico Group to collaborate on mobility and logistics solutions to improve Vietnam's first and last-mile delivery networks.

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