GRAB COMPANY LIMITED

GRAB COMPANY LIMITED (Business ID: 0312650437) is one of the most recognizable names in Vietnam's ride-hailing and delivery landscape. Established on February 14, 2014, and headquartered at Mapletree Business Centre Building, District 7, Ho Chi Minh City, GRAB operates as a limited liability company, privately held with a unique ownership structure: 51% is owned by Vietnamese citizen Ly Thuy Bich Huyen, while 49% is controlled by GRAB INC. based in the Cayman Islands. Over the years, GRAB has expanded its reach beyond mobility services like GrabBike and GrabCar to include food delivery (GrabFood), grocery delivery (GrabMart), and courier services (GrabExpress).

On the positive side, according to the latest Company Report by Vanguard Business Information LLC (VBI), GRAB COMPANY LIMITED achieved a remarkable turnaround in profitability in 2023. The company posted a net profit of USD 42.46 million, a massive jump of 213.83% compared to 2022, reflecting much-improved operational efficiencies and cost management. Total assets also nearly doubled, reaching USD 203.55 million, which suggests significant investment and expansion efforts. GRAB's adaptability, diversified service lines, and technological integration have allowed it to dominate urban transportation and delivery in Vietnam, becoming almost a "necessity" for daily life in major cities.

However, beneath the surface, serious concerns persist. Despite the high profits, GRAB’s financial health shows troubling signs: owner’s equity remains negative at -USD 122.43 million, and working capital is also deeply negative at -USD 100.02 million. Sales fell by 38.34% in 2023 compared to the previous year, indicating that while the company squeezed out profit through efficiency, its top-line growth is struggling. Moreover, the nature of GRAB’s business model, which relies heavily on tens of thousands of flexible workers, highlights a harsh social reality: many university graduates, unable to find stable or professionally fulfilling jobs, have turned to riding for GRAB to make a living. While GRAB provides an important income stream, the phenomenon reflects underlying weaknesses in Vietnam's job market for educated youth—a socio-economic issue that cannot be ignored.

Overall, GRAB COMPANY LIMITED is a dynamic and resilient company that has achieved impressive profitability, but it also carries heavy financial liabilities and raises broader questions about economic sustainability and social impacts. A full understanding of GRAB’s operations, market position, and risks requires updated Risk Management evaluations and in-depth Financial Data analysis, which Vanguard Business Information LLC (VBI) reliably provides.