Asia-based transport company Grab has reached a strategic partnership with Vietnam’s Sovico Group to collaborate on first and last mile mobility and logistics solutions.
Grab best known for its ride hailing service and Sovico the parent of Vietjet, aim to “solve bottlenecks and improve the first and last-mile delivery networks of Vietnam and Southeast Asia,” they say, following the recent signing of the MoU.
In order for the two partners to reach their goal of digitising the mobility infrastructure of Vietnam in the long term, the two say they will explore collaboration in electric vehicle infrastructure and explore and develop integrated digital solutions.
In early August Sovico subsidiary, Vietjet Aviation, Swift 247, a technology startup providing express air delivery service and Grab signed an MoU aimed at developing solutions for connecting road and air travel to customers across Southeast Asia, and at the same time providing express delivery services in Vietnamese market.
In the first phase, Swift247 customers will be able to deliver the goods quickly via GrabExpress delivery services on Grab platform and Vietjet aircraft within five hours, between Hanoi and Ho Chi Minh City. Customers can track the delivery process on the website and Swift247 application conveniently and effectively.
In the future, the parties will look forward to the ability to integrate Swift247 services into the Grab open platform, they say.
Grab also announced it will invest USD 500 million into Vietnam over a period of five years to tap opportunities in fintech, new mobility solutions and logistics. The investment is aimed at spurring development of the country’s digital economy and create millions of income-opportunities that will elevate the quality of life for all Vietnamese, according to Grab.
At the signing of the first MoU, Vietjet president and CEO Nguyen Thi Phuong Thao says: “We are witnessing a partnership between an airline with the largest number of domestic passengers in Vietnam with an e-hailing app with the most extensive driver partner fleets in Southeast Asia and a next generation startup.
“Vietjet believes that this partnership will bring in new changes in local delivery market, and create unique experience to consumers, and able to meet increasing demand for good delivery services.”
The partnership further expands current GrabExpress’ services, which is offers demand delivery service and same day delivery, COD delivery.
With more than 400 daily flights and 129 routes covering local and international destinations including Vietnamese destinations, Japan, Hong Kong, Singapore, South Korea, carrying more than 80 million passengers, Vietjet is also providing domestic and international cargo services.