Dự án xây dựng hệ thống gps trên taxi

VINATAXI
-----------    ----------
REPORT
INVESTMENT GPS SYSTEM IN
VINATAXI
Location : Ho Chi Minh City, Vietnam
Proposer : Vinataxi
Performer : Vinataxi
Investor : ComfortDelGro (Singapore)
Ho Chi Minh City, June 2014

VINATAXI
-----------    ----------
REPORT
INVESTMENT GPS SYSTEM IN
VINATAXI
VINATAXI
(General Director)
CONSULTANT
CONSULTANCY & INVESTMENT
THAO NGUYEN XANH CO.
(Vice General Director)
CHIA CHUEN HUEI NGUYỄN BÌNH MINH
Ho Chi Minh City, June 2014

Investment GPS System in Vinataxi
Vinataxi
TABLE OF CONTENT
CHAPTER I: INTRODUCTION ABOUT THE PROJECT ............................................................. 1
1.1. In troduction about the project ................................................................................................. 1
1.2. The unit responsible for project ............................................................................................... 1
1.3. Legal Basis................................................................................................................................. 2
CHAPTER II: THE ESSENTIAL INVESTMENT PROJECT ......................................................... 3
2.1. Demand for use Taxi at the moment ....................................................................................... 3
2.2. The difficulties in management and operating taxi system .................................................. 4
2.3. GPS solutions for taxi management. ....................................................................................... 4
2.3.1. The features of GPS technology ..................................................................................... 4
2.3.2. System Structure ............................................................................................................... 5
2.4. Status of application of GPS technology in the management of taxi in Vietnam ............. 7
2.5. Conclusion about necessary of this investment ..................................................................... 7
CHAPTER III: THE CONTENTS OF THE PROJECT .................................................................... 9
3.1. The list of machinery and equipment required investment. ................................................. 9
3.2. The progress of project.............................................................................................................. 9
CHAPTER IV: FINANCIAL PERFORMENT IN INVESTING GPS SYSTEM........................11
4.1. Value Investment .....................................................................................................................11
4.1.1. Value Investment ............................................................................................................11
4.2. The capital of project ...............................................................................................................11
4.2.1. The process of project ....................................................................................................11
4.2.2. The capital of project......................................................................................................11
4.3. Financial Performance.............................................................................................................11
4.3.1. The benefits in investing GPS system..........................................................................11
4.3.2. Auditor’s report ...............................................................................................................14
4.3.3.Audited Financial Statements.........................................................................................15
4.4. The effects of socio-economic projects.................................................................................17
CHAPTER V: CONCLUSION ...........................................................................................................18

CHAPTER I: INTRODUCTION ABOUT THE PROJECT
1.1. In troduction about the project
 Project Name : Investment GPS system in Vinataxi
 Address: Ho Chi Minh City
 Project Objectives: Investment into the GPS system to manage about business activities
of Vinataxi :
+ Reduce personnel costs
+ Support for professional management
+ Anti- revenue losses
+ Support Executive
+ Improve customer service
+ Raising aware of drivers
 Type of investment : ComfortDelGro Corporation (Singapore) investment 100%
capital
 Forms Management : Through Project Management Unit of Project is established
by the investors.
 Value investors GPS : 4,818,848,000 VND (equivalent 372,975S$)
 Financial performance: NPV = 1,182,125,000 VND > 0; IRR = 25% >> re = 18%
 The Project brings high profits for the investors
The implementation progress: The project was deployed in August 2006 and put into use
in early 2007 and gradually completed in 2008
1.2. The unit responsible for project
 Unit investment : ComfortDelGro Corporation (Singapore)
 Unit suggestions: Vietnam Taxi Company (Vina Taxi)
 Unit implemented: Vietnam Taxi Company (Vina Taxi)
Vina Taxi Co. is a joint venture between Tracodi Co. and ComfortDelGro (Singapore),
established under the investment license dated 24.10.2008 No. 411022000346.
English name: VIETNAM TAXI CO., LTD
Trading name: VINATAXI
Location: Tan Binh Industrial Zone, Road No. 4, Lot 4-15B, Tay Thanh Ward, Tan Phu
District, Ho Chi Minh City
Tel: (84 8) 38155152 - 38155153
Fax : (84 8) 38155158
Have a competitive advantage when the driver team have a lot of experienced , manage
cost-effective and achieve efficient economic from advantages of scale. Therefore, Vinataxi is
expected to continue to hold the leading position in the industry, particularly in the southern
region. Thus, we believe that the growth of revenue will be stable, the using of capital effect
will increase.
Vinataxi Page 1

1.3. Legal Basis
- Law on Investment on 29/11/2005 No.59/2005/QH11 of the National Assembly of the
Socialist Republic of Vietnam;
- Enterprise Law on 29/11/2005 No.60/2005/QH11 of the National Assembly of the
Socialist Republic of Vietnam;
- Law on Road Traffic;
- Dispatch No.206/2003/QD-BTC December 12, 2003, promulgating the regime of
management, use and depreciation of fixed assets.
Vinataxi Page 2

CHAPTER II: THE ESSENTIAL INVESTMENT PROJECT
2.1. Demand for use Taxi at the moment
The taxi service branch is one of the industrial capable of positive growth in the
macroeconomic situation in country at present. We estimate the taxi market will stabilize
growth, especially in the large cities due to:
(1) .Flow of passengers using the road traffic have increased significantly with the average
speed at 9 % / year comes from the travel demand of the people as well as the increase in
international passenger traffic to Vietnam. Moreover, the growth index of road traffic and the
number of international tourists in the first 5 months of 2006 there has been a strong
breakthrough compared with 2005. Consequently, we believe that taxi services will grow
faster than by the transport market, strong growth in both scale (traffic volume) and number of
passengers.
Source: GSO
1. (2) People's incomes increase , traveling in the rainy season and the development yet
strong enough of the public transport such as buses, motor taxi ... making people use the taxi
services more because of the service and its utility.
In short, today, growing social , people's lives improved physically and mentally.
Demand for food, clothing, cosmetic, including the transportation of people increasingly more
attention. Besides the appearance of the motorcycle, car, bus is transportation mainly of
people, the demand uses taxis increasingly became popular. Demand for uses.
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2.2. The difficulties in management and operating taxi system
Currently, the taxi companies operate as the traditional way: the customer will call to
operator, he/she will recieves and writes information on paper: address, taxis and address of
customers... then, this information will be send to call center and up to the talkie. In parallel
with the large number of people and vehicles, the administration - management and resolve
issues arising relating faced many difficulties, may be mentioned the following difficulties
( 1) Call-Centre works
- It was mainly based on the radio. Staffs could not locate the taxis so that they must
depend entirely on the response of drivers whenever they wanted to go or arrived the points.
Many drivers intended to cheat by reporting the wrong cars’ numbers, wrong locations or not
reported to the Call-Centre when they got the customers to avoid being tracked.
- At the tradition Pick-up-points where drivers used to gather to get and manage queues
by themselves, there were some negative status like: the monopoly status (just a group of
drivers could join that rank, the other could not), drivers could choose customers to serve,
cheat customer, offer negotiated prices higher than by taxi meter..
- Beside, when those areas were short of car, staffs could not know in advance so that
they could not give notice for drivers to bring car back to serve customers.
(2) Customer Service works
- The investigation mainly based on the radio and self-conscious of drivers.
- Staffs resolved the complaints based on their personal experience so that must of our
feedback were not convincing.
- The rate of successful resolution is very low (<50%)
(3) Defer shifts for drivers
- The defer shift’s work was difficult, inaccurate and unprejudiced because it much based
on the drivers’ reports and staffs’ records.
- Drivers and employees took advantage of this work to make their profit and cause
financial damage for the company.
(4) To revoke taxis due to overdue debt
- It was very difficult and took much time for enforcement staffs to take cars back
because they could not know cars’ locations while drivers tried to hide by many ways.
(5) Issue the VAT invoice for customer
- Many drivers colluded with customers to apply for VAT invoice or co-operate with taxi
card users to imprint receipts for false trips. In these cases, staffs could not check or verify.
2.3. GPS solutions for taxi management.
2.3.1. The features of GPS technology
The application of GPS technology in the management of transportation are becoming
more popular in the world and this is a service that provides high value-adde, base
telecommunications technology , information technology, background basis of geographic
Vinataxi Page 4

information systems (GIS). Today, It’s commonly used in the shipping industry on the
worldwide. This application is used to monitor, track and manage vehicles in order to increase
efficiency and save costs.
The system provides the key features following:
 Monitor, track parameters velocity, direction of travel, the status start and shutdown
machine
 Track and route simulation of vehicle movement
 Statistical distance, use time, estimated the fuel consumption
 Warning excessive speed, moving out of the area or the route permission
2.3.2. System Structure
 The system consists of 04 main components:
 Server coordinated car: located on Cloud server. This system is common to the taxi
business.
 Call center server: Server system stored customer data and vehicle coordination rules.
Each taxi company will have own server.
 Vehicle software: each driver will have own software coordinate car
 Rack mounted in the taxi: a taxi have a GPS device setting in car screen to help locate
vehicles and communication between the truck with center
Figure: Structure taxi management system using GPS technology
 The steps conditioned car
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1. Customers call to center to require vehicle
2. Software coordinator is used will send the customer address for the server is waiting car
moderators.
3. Servers looking for taxi the nearest with customers and notice pickup .
4. When drivers acknowledge agreeing to pickup customers, this information will be
forwarded by the coordinator.
5. Coordinator will notify customers: license plate, time to car arrive
6. Drivers will notice the situation: they're on the way to pick up, has arrived, customer has
gotten in or gotten off taxi, to the Private Branch Exchange (PBX) can control situation of
vehicle.
Compared with the old method is use radio, the new system has the advantages following:
+ Call-Centre works
- System can locate taxis on the Google map so that staffs can keep track of taxis, can
know their status (Hired or For Hire) then try to contact drivers to ask them to go to the points
or even show them direction to there. After that staffs call back to give our feedback to
customer about taxi number and estimated time for taxi to come.
- It makes the dispatch job be more efficient and has got customers and drivers
compliments.
- By GPRS, the queues are updated automatically by the system, drivers can get jobs
orderly, can’t refuse the short-trips, can’t offer higher price... It also helps stop the monopoly
status as a driver can register to join Q in multiple ranks.
- By the Q-Board-Display, staffs manage taxis on each rank better as they know the
quantity of taxi on queues, status of them ( Free, On call or Meter -on…). It helps re-arrange
taxis to serve customer effectively
+ Customer Service works
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- The jobs dispatched by GPRS have the taxi number, time of dispatching and also the
route so that drivers must be more responsible to their customers. Many drivers return
belongings to customers before being recognized. The number of complaints has decreased
significantly.
- Currently, the rate of successful resolution is above 80%.
+ Defer shifts for drivers
- Employees can easily check and confirm the business downtime of taxis correctly and
objectively
- It helps reduce the quantity of defer shifts and the negative attitudes of staffs.
+ To revoke taxis due to overdue debt
- Locations of cars are shown on map clearly so that enforcement team can come to take
car back quickly.
- For drivers who intend to turn off the GPRS equipments, staffs still can track their
locations by using some tools of GPRS system.
+ Issue the VAT invoice for customer
- Staffs can check the authenticity of trips by viewing the cars’ routes.
2.4. Status of application of GPS technology in the management of taxi in Vietnam
Worldwide, GPS devices have been widely applied in many fields, especially for the
transportation sector; However, in Vietnam, location-based services are just beginning to be
exploited with some simple applications and currently on the market domestic taxi, have yet to
be a business application of GPS technology in the management and operating.
GPS applications is essential for the transport activity. To develop the public transport
system, the State should have focused investment for this solutions, so effective achieves
tremendous will to the development of the economy. If the private sector to participate in the
application will be difficult and slow because investment costs for large operating systems
2.5. Conclusion about necessary of this investment
As above, we have analyzed the demand use taxi of Vietnamese is increasing and there is
an opportunity for the development of Vinataxi,well as other taxi firms in the country.
However, during operation, almost all taxi firms appear shortcomings as well as difficulties in
management and administration.
Realizing the benefits that GPS technology brings, Vinataxi the proposed decision
ComfortDelGro Group (Singapore) invests positioning system into the management and
administration in Vinataxi. GPS technology helps Vinataxi:
+ Reduce personnel costs
+ Support for professional management
+ Anti-revenue losses
+ Support Executive
+Raising customer service
+ Raising awareness of driving.
In Short, if invested now, Vinataxi will be the first taxi firms in Vietnam applies GPS
technology into management and this will be competitive advantage of the Vinataxi compared
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to competitors in the market. Therefore, Vinataxi asserts that investment into positioning
system is necessary and urgent in the current period.
Vinataxi Page 8

CHAPTER III: THE CONTENTS OF THE PROJECT
3.1. The list of machinery and equipment required investment.
No Description Qty
1 HCMC Map – Street Works 1
2 Advance Tech 48 pin universes program & adaptor 1
3 Oracle Database Standard Edition 5
4 HP-UX server 1
5 Citrix presentation server 1
6 GPS Receiver 1
7 MDT/MCU & accessories 1000
8 PC 6
9 GPRS modem & GPS antenna 950
10 HP SQL sever 1
11 Lan Swich 1
12 UPS 2
13 Firewall 1
14 Rack & accessoies 1
3.2. The progress of project
The project will be begun at August, 2006, used in 2007, then finished in 2008.
No. Task
2006 2007
Aug Sept Oct Nov Dec Jan
1 Evaluate and Testing GPRS Modem and Network x x x
2 MAP & Address Database Setup
x x x x x
3 Setting Up of Call Centre Infrastructure
x x
4 Dispatch System Setup and Development
x x x x x
5 Enhance MDT Application to Interface GPRS Modem x x x x x x
6 Subcrible to GPRS Service
x x
7
Setting Up of Dispatch Server (HP-UNIX) & Window
Server
x x
8 Setting up of MDT support & Maintenance Team
x x
9 Training of Drivers on the use of MDT
x x
10 Purchase of GPRS Modem
x x
11 Project Management & Agreement
x x
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12 Perchase of PC & Window Server for Call Center Agent
x x
13
Training on Support and Maintenance of IT
Infrastructure
Vinataxi Page 10
x

CHAPTER IV: FINANCIAL PERFORMENT
IN INVESTING GPS SYSTEM
4.1. Value Investment
4.1.1. Value Investment
The value of investment GPS system is 4,818,848,000 VND (equivalent 372,975S$)
4.2. The capital of project
4.2.1. The process of project
The project will be begun at August, 2006, used in 2007, then finished in 2008.
1 Evaluate and Testing GPRS Modem and Network
2 MAP & Address Database Setup
3 Setting Up of Call Centre Infrastructure
4 Dispatch System Setup and Development
5 Enhance MDT Application to Interface GPRS Modem
6 Subcrible to GPRS Service
7 Setting Up of Dispatch Server (HP-UNIX) & Window Server
8 Setting up of MDT support & Maintenance Team
9 Training of Drivers on the use of MDT
10 Purchase of GPRS Modem
11 Project Management & Agreement
12 Perchase of PC & Window Server for Call Center Agent
13 Training on Support and Maintenance of IT Infrastructure
4.2.2. The capital of project
The total investment GPS System is 4,818,848,000 VND equivalent 372,975S$, this
capital is used from interest free loans of ComfortDelGro Ltd., Co.
4.3. Financial Performance
4.3.1. The benefits in investing GPS system
Besides the intangible values of investing GPS system in Vinataxi, the benefits in
operation activities:
+ Increasing the total revenue in taxi operation
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Thanks to GPS System, the service quality will increase remarkably then will build
trust of customer when using Vinataxi’s service, contributing to raise total revenue. The
number of cars is 452 units in the previous years. Assumption, this will increase around 15%,
the total number will be 520 cars. Hence, the number of car will increase 68 cars, this shows
that the investment GPS System makes the revenue increasing more effective and competitive
advantages with others in Ho Chi Minh City.
Unit: 1,000 VND
No. Year 2007 2008 2009 2010
Items 1 2 3 4
Revenue in taxi
Working days 300 300 300 300
The increasing cars 68 68 68 68
1 Franchised cars 990,000 1,009,800 1,029,996 1,050,596
5% Daily fee 165 168 172 175
15% The No. of car 20 20 20 20
2 SPP cars 1,920,000 1,958,400 1,997,568 2,037,519
Daily fee 320 326.4 333 340
The No. of car 20 20 20 20
3 Leased cars 2,940,000 2,998,800 3,058,776 3,119,952
Daily fee 350 357 364 371
The No. of car 28 28 28 28
Revenue increase 5,850,000 5,967,000 6,086,340 6,208,067
No. Year 2011 2012 2013 2014
Items 5 6 7 8
Revenue in taxi
Working days 300 300 300 300
The increasing cars 68 68 68 68
1 Franchised cars 1,071,608 1,093,040 1,114,901 1,137,199
5% Daily fee 179 182 186 190
15% The No. of car 20 20 20 20
2 SPP cars 2,078,270 2,119,835 2,162,232 2,205,476
Daily fee 346 353 360 368
The No. of car 20 20 20 20
3 Leased cars 3,182,351 3,245,998 3,310,918 3,377,136
Daily fee 379 386 394 402
The No. of car 28 28 28 28
Revenue increase 6,332,228 6,458,873 6,588,050 6,719,811
Vinataxi Page 12

+ The benefit in saving employee’s salary
In Ho Chi Minh City, Vinataxi set up 26 areas, unless every taxi sets GPS system, there
is one person to operate in each area, the basis salary is 2,800,000 VND/month/person,
insurance and others are 800,000 VND/month/person.
 The benefit in saving employments’ salary/year = 3,300,000 VND/month/person x 26
people x 13 months = 1,115,400,000 VND.
+ The benefit in cutting cost of maintenance, replacement parts of cars
System makes the dispatch job be more efficient and has got customers and drivers
compliments. It helps re-arrange taxis to serve customer effectively, to decrease fuel and
distance.
The average time for maintenance, replacement parts of cars of each taxi is 5000
kilometers.
The average cost/term = 1,050,000 VND/taxi/term
The items/year before using GPS system = 12 terms
The items/year after using GPS system = 6 terms
 The benefit in cutting cost of maintenance, replacement parts of cars = 1,050,000
VND/taxi/term x 520 taxis x (12-6) terms = 3,274,740,000 VND.
Unit: 1,000 VND
No. The benefits of investing GPS System 2007 2008 2009 2010
1 Saving employee’s salary in each area
No. of employments 26 26 26 26
The average salary/person/month 3,300 3,465 3,638 3,820
The benefit in saving employments’
1,115,400 1,171,170 1,229,729 1,291,215
salary/year
2
Cutting cost of maintenance, replacement
parts of cars
No. of taxis 520 520 520 520
The average cost/taxi/term 1,050 1,050 1,050 1,050
The items/year before using GPS system 12 12 12 12
The items/year after using GPS system 6 6 6 6
The benefit in cutting cost of maintenance,
3,274,740 3,274,740 3,274,740 3,274,740
replacement parts of cars
Total Benefit 4,390,140 4,445,910 4,504,469 4,565,955
No. The benefits of investing GPS System 2011 2012 2013 2014
1 Saving employee’s salary in each area
No. of employments 26 26 26 26
The average salary/person/month 4,011 4,212 4,422 4,643
The benefit in saving employments’ 1,355,776 1,423,564 1,494,743 1,569,480
Vinataxi Page 13

salary/year
2
Cutting cost of maintenance, replacement
parts of cars
No. of taxis 520 520 520 520
The average cost/taxi/term 1,050 1,050 1,050 1,050
The items/year before using GPS system 12 12 12 12
The items/year after using GPS system 6 6 6 6
The benefit in cutting cost of maintenance,
3,274,740 3,274,740 3,274,740 3,274,740
replacement parts of cars
Total Benefit 4,630,516 4,698,304 4,769,483 4,844,220
4.3.2. Auditor’s report
 Operating Cost
 Administrative expense: around 20% revenue
 Maintenance, replacement parts of cars expense: 1,050,000 VND/taxi/term, there are
6 terms in every year.
 Operating expense: 10% revenue
 Management and Sale expense: 21% revenue
 Depreciation Expense
Applying the method of straight-line depreciation. Depreciation time dispatch apply
Decision No.206/2003/QD-BTC of 12th December, 2003 on issuance of the regulations of
management, use and depreciation of fixed assets of The Minister of Finance .
Table depreciation of fixed assets
III Assets Depreciation time
III.1 GPS System 8
III.2 Taxis 8
Table Of Benefit - Cost
Unit: 1,000 VND
Year 2007 2008 2009 2010
Content 1 2 3 4
Benefits 10,240,140 10,412,910 10,590,809 10,774,022
1. Increase Revenue 5,850,000 5,967,000 6,086,340 6,208,067
2. Other Benefit 4,390,140 4,445,910 4,504,469 4,565,955
Cost 9,014,256 9,086,778 9,160,879 9,236,594
3. Operation Expense 3,411,900 3,484,422 3,558,523 3,634,238
+ Administration Expense 1,170,000 1,193,400 1,217,268 1,241,613
+ Maintenance, replacement parts of taxis 428,400 441,252 454,490 468,124
Vinataxi Page 14

expense
+ Operating expense 585,000 596,700 608,634 620,807
+ Management and Sale expense 1,228,500 1,253,070 1,278,131 1,303,694
4. Depreciation Expense of GPS System 602,356 602,356 602,356 602,356
5. Depreciation Expense of Taxis 5,000,000 5,000,000 5,000,000 5,000,000
Earning Before Tax (EBT) 1,225,884 1,326,132 1,429,930 1,537,427
Tax (25%) 306,471 331,533 357,482 384,357
Earning After Tax (EAT) 919,413 994,599 1,072,447 1,153,071
Year 2011 2012 2013 2014
Content 5 6 7 8
Benefits 10,962,744 11,157,177 11,357,533 11,564,031
1. Increase Revenue 6,332,228 6,458,873 6,588,050 6,719,811
2. Other Benefit 4,630,516 4,698,304 4,769,483 4,844,220
Cost 9,313,960 9,393,014 9,473,794 9,556,338
3. Operation Expense 3,711,604 3,790,658 3,871,438 3,953,982
+ Administration Expense 1,266,446 1,291,775 1,317,610 1,343,962
+ Maintenance, replacement parts of taxis
482,168 496,633 511,532 526,878
expense
+ Operating expense 633,223 645,887 658,805 671,981
+ Management and Sale expense 1,329,768 1,356,363 1,383,491 1,411,160
4. Depreciation Expense of GPS System 602,356 602,356 602,356 602,356
5. Depreciation Expense of Taxis 5,000,000 5,000,000 5,000,000 5,000,000
Earning Before Tax (EBT) 1,648,783 1,764,163 1,883,739 2,007,693
Tax (25%) 412,196 441,041 470,935 501,923
Earning After Tax (EAT) 1,236,588 1,323,122 1,412,804 1,505,770
4.3.3. Audited Financial Statements
A period of time is 8 years with WACC = 18%
Net Cash Flow = Cash Inflow – Cash Outflow
The Total of Benefit in investing GPS System includes (Cash Inflow): Revenue of
taxis, saving cost in investing GPS System.
The total Expense includes: Depreciation Expense of GPS System, Depreciation
Expense of 68 taxis, Operating Expense.
Audited Financial Statements
Unit: 1,000 VND
Year 2006 2007 2008 2009 2010
Content 0 1 2 3 4
CASH INFLOW - 10,240,140 10,412,910 10,590,809 10,774,022
Revenue 5,850,000 5,967,000 6,086,340 6,208,067
Vinataxi Page 15

Saving in employees’ salary 1,115,400 1,171,170 1,229,729 1,291,215
Saving in Maintenance,replacement
3,274,740 3,274,740 3,274,740 3,274,740
parts of taxis
CASH OUTFLOW 4,818,848 8,411,900 8,484,422 8,558,523 8,634,238
GPS System 4,818,848
Taxis 5,000,000 5,000,000 5,000,000 5,000,000
Operating Expense 3,411,900 3,484,422 3,558,523 3,634,238
Net Cash Flow (4,818,848) 1,828,240 1,928,488 2,032,286 2,139,783
Tax 609,525 620,645 631,954 643,457
Earning Before Tax (4,818,848) 1,218,715 1,307,844 1,400,331 1,496,326
Year 2011 2012 2013 2014
Content 5 6 7 8
CASH INFLOW 10,962,744 11,157,177 11,357,533 11,564,031
Revenue 6,332,228 6,458,873 6,588,050 6,719,811
Saving in employees’ salary 1,355,776 1,423,564 1,494,743 1,569,480
Saving in Maintenance,replacement
3,274,740 3,274,740 3,274,740 3,274,740
parts of taxis
CASH OUTFLOW 8,711,604 8,790,658 8,871,438 8,953,982
GPS System
Taxis 5,000,000 5,000,000 5,000,000 5,000,000
Operating Expense 3,711,604 3,790,658 3,871,438 3,953,982
Net Cash Flow 2,251,139 2,366,519 2,486,095 2,610,049
Tax 655,156 667,054 679,153 691,457
Earning Before Tax 1,595,984 1,699,465 1,806,942 1,918,592
INDEX OF PROJECT TABLE
No. Index Value
1 Total investment GPS System
4,818,848,000 VND
(372,975S$)
2 Net Present Value NPV 1,182,125,000 VND
3 Internal rate of return IRR (%) 25%
4 Payback period 4 years
Review Effective
Vinataxi Page 16

Net Present Value: NPV = 1,182,125,000 VND > 0
Internal rate of return: IRR = 25% >> re = 18%
According to analyse, calculate the financial index, the project is effective with high
NPV and short payback period.
4.4. The effects of socio-economic projects
After analyzing investment performance in the 8-year period, it shows that the GPS
system makes the process and management activities of the Company Vinataxi more effective,
suitable for long-term development strategy of company.
Facing the potential economic development in our country, the investment GPS System
to finalize management systems and improving the quality of services is a necessity to bring
sustainable value to the brand Vinataxi.
Vinataxi Page 17

CHAPTER V: CONCLUSION
"GPS System Investment Project" of Vietnam Taxi Company (Vinataxi) is feasible in
technology, market and finance. Moreover, it’s also effective about economy and society.
After using GPS System in management, Vinataxi business activities will ensure the
management and controlling more professional.
Thus, we need the support from ComfortDelGro Corporation (Singapore) in order to
promote the project effective.
Sincerely,
Ho Chi Minh City, ………..
VINATAXI
(General Director)
CHIA CHUEN HUEI
Vinataxi Page 18

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