Indonesia: Go-Jek sets sights on Vietnam

• May 22, 2018

The management of Indonesian ride-hailing app Go-Jek has confirmed a report that the company is eying an expansion to Vietnam but declined to reveal any details.

“We cannot talk about the details yet, but yes, we have a plan to explore [business opportunities] there. When we are ready, we will make an announcement,” said Nila Marita, Go-Jek Indonesia’s chief of corporate affairs, as reported by kontan.co.id on Tuesday.

Vietnamese news portal VNExpress had reported that Go-Jek would start operations in the country in July.

In the neighboring country, Go-Jek is set to compete with Grab, which dominates the ride-hailing market in the country, and Singapore-based blockchain-powered ride-hailing app MV, which will reportedly also enter Vietnam in July.

To attract Vietnamese drivers to join its service, Go-Jek, reportedly will initially charge them no commission fee and will offer free installation of its geographical positioning system.

Go-Jek was also looking to enter the Philippine market, Reuters reported in April, citing Manila’s transportation regulator.

In trying to diversify its business, Go-Jek, has reportedly acquired local financial technology companies, underscoring its ambition to become the dominant player in the country’s nascent digital-payments industry. (bbn)

Source: http://www.thejakartapost.com/news/2018/05/22/go-jek-sets-sights-on-vietnam.html