Indonesia’s Go-Jek to expand markets in Southeast Asia, targeting VN
Indonesian ride-hailing app Go-Jek will spend 500 million USD to expand its operation to Thailand, Vietnam, Singapore and the Philippines in the next few months, it said on May 24.
Hanoi (VNA) - Indonesian ride-hailing app Go-Jekwill spend 500 million USD to expand its operation to Thailand, Vietnam,Singapore and the Philippines in the next few months, it said on May 24.
Go-Jek operates a fleet ofmotorcycle taxis and private cars and other services, from massage and housecleaning to grocery shopping and food delivery.
With such services, Go-Jek will directly compete withSingapore’s Grab, which is dominating Southeast Asia. Both of them are alsotrying to extract more revenues from their ride-hailing customers in Indonesia.
Southeast Asia's ride-hailingmarket is expected to reach 20 billion USD by 2025, according to a researchdone by Google and Temasek./.
Uber Vietnam has confirmed that CEO Dang Viet Dung stepped down from his post on October 1 after three years of running the ride hailing service firm in the country.
After Grab’s takeover of Uber on March 26, some Vietnamese transport businesses are taking advantage of an opportunity to invest in the lucrative ride-hailing market.
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This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
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Illustrative image (Source: VNA) 
