Grab and Sovico Group Sign Memorandum of Understanding

Grab Vietnam (Grab Việt Nam) and Sovico Group (Tập đoàn Sovico) have signed a memorandum of understanding, with plans to advance cooperation through projects involving Grab and HDBank, Vietjet and Galaxy Holdings. The areas of cooperation include green transport financing, payments, tourism, telecommunications and loyalty services. The original report did not disclose the exact signing date, investment amounts or implementation timetable.

Grab and HDBank plan to jointly design electric vehicle purchase loans for drivers on the platform and transport companies, as well as charging station construction loans for partners in Grab’s charging network. They also intend to develop a loan product to support women drivers and explore a co-branded card for business customers and individual users to promote cashless payments on the platform.

Representatives of HDBank and Grab Vietnam sign a cooperation agreement.（VietVance）

In tourism, Grab and Vietjet plan to develop co-branded travel products, conduct international promotions and offer Vietjet passengers discounts on trips to and from airports. Users will also be able to buy Grab discount codes through Vietjet’s onboard shop. The arrangements aim to attract visitors to Vietnam while improving travel for domestic passengers.

Representatives of Vietjet and Grab Vietnam sign a cooperation agreement.（VietVance）

Grab and Galaxy Holdings plan to cooperate in telecommunications, digital payments and loyalty services. Their plans include offering SkyFi/Data telecommunications products and benefits to employees and Grab drivers, and exploring product distribution and promotions for Galaxy Telecom customers. They also plan to expand cashless payment options through Galaxy Pay and explore SkyJoy loyalty point exchanges and cross-promotions.

Representatives of Galaxy Holdings and Grab Vietnam sign a cooperation agreement.（VietVance）

Source: VietVance