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The case is a rare instance of a taxi firm suing a ride-hailing
rival over profit losses. Vietnam Sun Corp, better known as
Vinasun, was awarded just over 11 percent of the 41.2 billion
dong in compensation it was seeking over what it said were
Grab's unfair business practices.
A Grab spokesman confirmed to Reuters that the company had been
ordered by the court to pay the compensation, but declined to
give further details.
Vinasun did not respond to requests for comment.
The verdict found Grab violated Vietnamese regulations because
it operates as a taxi company, and not just as a technology
firm, the Tuoi Tre newspaper reported.
The judge presiding over the case also said there was a link
between the operations of Grab and Vinasun's losses in revenue,
but said Grab was not the only factor behind that decrease, the
report said.
Grab said in a statement earlier this week that Vinasun needed
to "evolve and transform" its business and should not "reduce
the contestability of the market and pursue a lawsuit that seeks
to discourage the entry of innovative companies".
"It is unreasonable for this court case to drag indefinitely
just to allow Vinasun to build its case - when there's none at
all," Grab said in the statement.
(Reporting by Khanh Vu; Editing by James Pearson and Christopher
Cushing)
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