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VTP – Transforming a traditional postman into a tech company – Update

Company Note 17/06/2019    137


  • E-marketplace is crowded out by four big names, mostly adopting mix model (B2C/C2C).
  • Since 2018, the handover from Uber made Grab the monopoly player with an estimated 92% of the market share in Vietnam.
  • We like VTP as a pure play on Vietnam’s domestic surging e-commerce and explosive sharing economy.

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