Categories

ENGLISH

Go-Jek is Soon to be Available in Vietnam

Starts from drivers acquisition, offer partnership without fees deduction

Randi Eka - 23 May 2018

GO-JEK is said to be officially available in Vietnam in July 2018. The arrival wants to challenge Grab's dominance in Vietnam market. Post-Uber acquisition, Grab isn't be facing any competitor in SEA countries besides Indonesia.

In its early stage, GO-JEK will be focused on partner acquisitions. One of the strategies is to eliminate the 20% fees deduction for drivers. It is considered as a good tactic, since the competitor (Grab) is having 28% fees from the driver partner.

Vietnam becomes the first execution of the expansion. The next is Singapore and Philippine. Meanwhile, the region has become Grab's operation-based area (with Uber SEA after being acquired by Grab).

Post Uber SEA acquisition, Grab is now dominating the industry in various countries. A survey conducted by Financial times has shown Grab's solid position in SEA countries. Indonesia is an exception with GO-JEK still dominating.

According to some Vietnam local publications, GO-JEK's arrival is welcomed, in terms of regulations as well. With Grab dominating most of the transportation market in the region, local authorities investigation indicates a violation of the law regarding the competition post-Uber acquisition.

GO-PAY role

There is no definite news about bringing the service provided by PT Dompet Anak Bangsa (GO-PAY). However, it is certain that the payment system will be GO-JEK's product roadmap in each country. Since January 2017, the Vietnamese government has begun drafting regulations to tighten the rules of e-money and virtual currency. The framework is now under the auspices of the State Bank of Vietnam (SBV).

Original article is in Indonesian, translated by Kristin Siagian

Application Information Will Show Up Here

Dailysocial.id is a news portal for startup and technology innovation. You can be a part of DailySocial.id`s startup community and innovation members, download our tech research and statistic reports, and engage with our innovation community.

Sign up for our
newsletter

Subscribe Newsletter