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Grab introduces 'Grab for Good' program in Southeast Asia

Released at: 17:00, 30/09/2019

Grab introduces 'Grab for Good' program in Southeast Asia

Photo: Grab Vietnam

Program to improve skills and bring opportunities to people in the region in a digital economy.

by Ngoc Lan

Grab has introduced its “Grab for Good” social impact program in Southeast Asia, including Vietnam, to improve skills and bring opportunities to people in the region in a digital economy.

The first initiative is to improve skills and disseminate technological knowledge in Grab’s cooperative arrangement with Microsoft. This is particularly necessary, as 6.6 million workers in six major economies in ASEAN (including Vietnam) will need to be retrained by 2028 and about 41 per cent of these will lack the IT skills that new jobs require.

The second initiative covers the whole region, called “Break the Silence”, and enables the deaf and hearing-impaired to better participate in the digital economy through the Grab ecosystem. There are more than 500 deaf and hearing-impaired partners working for Grab and the company is planning to double this number by 2020, according to Ms. Tan Hooi Ling, Co-founder of Grab.

Grab has set ambitious goals for its “Grab for Good” program by 2025. These two initiatives are the start of a multi-year plan to equip individuals and small businesses with the necessary technology skills and tools to thrive in the new digital economy.

According to a Grab report released in September, more than 9 million micro-entrepreneurs are connecting on the Grab platform and approximately one in 70 people in Southeast Asia have earned an income through the platform, whether as a driver-partner, delivery-partner, or merchant. Grab is estimated to have contributed $5.8 billion to Southeast Asia’s economy in the 12 months to March 2019.

Beyond creating economic opportunities, the report also outlines how Grab has helped improved access to financial services and digital payments. Since Grab’s founding in 2012, it has helped over 1.7 million micro-entrepreneurs open their first bank account and it is also helping to move the region into a cashless future.

Mr. Anthony Tan, Group CEO and Co-founder of Grab, said that “Grab for Good” is about building an inclusive platform and is part of Grab’s commitment to deliver a positive, sustainable impact in every country it operates in. “Southeast Asia is poised to become the world’s fourth-largest economy by 2030, yet the hard truth is that not everyone has equal access to opportunity and the chance to succeed with the region’s growth,” he noted. “If the private sector actively creates programs for local communities, technology can be within reach for many, and the learning of new skills can immediately improve the livelihoods of many more people in Southeast Asia.”

In Vietnam, Grab announced in August it will invest $500 million over a period of five years in order to spur the development of the country’s digital economy and create millions of income opportunities that will elevate the quality of life of all Vietnamese.

The $500 million in investment will be used to launch new services in Vietnam and expand Grab’s transport, food, and payments network in the country while looking for new opportunities in new mobility solutions, fintech, and the wider logistics industry. The investment is reflective of Grab’s commitment to create greater social and economic benefits for Vietnam through technology.

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