Retail in Asia


Grab appoints new Vietnam head

Singapore’s Grab has named Alejandro Osorio as its new managing director of Grab Vietnam, to lead the food delivery service app’s operations in the southeast Asia nation.

Osorio takes on the new position after leading Grab Thailand for the last three years. Before Grab, he held several roles at Brightstar Corp Hong Kong and SoftBank.

“Alejandro’s experience in building up business strategy on a regional scale and developing high-performing local teams makes him the right leader for the next phase of growth for Grab in Vietnam,” said Russel Cohen, group operations director at Grab.

“His strong track record in driving Grab Thailand to emerge even stronger post the Covid-19 pandemic will enable him to truly understand the strategy and execution needed to extend Grab’s leadership positions across all on-demand segments in Vietnam, while simultaneously giving back to the local communities.”

The appointment comes several months after Nguyen Thai Hai Van, the Grab’s former country head for Vietnam, resigned from her post to join Apple.

Earlier this month, the company announced executive director Worachat Luxkanalode will take over the role of managing director at Grab Thailand.

Entering Vietnam in 2014, Grab is today a leading super app platform in Vietnam, providing food, grocery, parcel deliveries, as well as mobility to serve Vietnam everyday needs.

In its most recent trading update, Grab posted record-breaking revenues for the third quarter, totalling USD 382 million, up 143 percent on last year, according to a release issued in November.

The quarterly revenue hike was primarily driven by strong growth in mobility and deliveries revenue, representing 101 percent and 250 percent yearly growth, respectively.