When I visited Ho Chi Minh City in Vietnam two years ago, I ...

When I visited Ho Chi Minh City in Vietnam two years ago, I saw Grab motorbikes delivering goods all over the streets. It was not until I saw the sea of green that I realized how prevalent it was there. Upon returning to Malaysia during the Covid period, everyone in my entire neighborhood loved ordering takeout, and the delivery service was much busier and different than before. After moving to Singapore two years ago, I found that food delivery services were dominated by drivers in green everywhere. He is about to collaborate with Singtel to establish a digital bank. There is a huge potential market for him, especially in terms of currency exchange, as the physical currency exchange businesses have been decimated by Covid. If he seizes this opportunity in the currency exchange aspect, he could outshine certain banks. The biggest competitor in the ride-hailing service sector is Gojek. Now, my company department has also opted to provide Grab vouchers for our employees to spend. This market marketing trend is positive. Southeast Asia's market integration involves competition between Shopee and Lazada (Shopee focuses on opening up the market through affordability). Of course, Grab can participate as well.