Indonesia's GoTo exits Vietnam after battle with Grab, Shopee

Ride-hailing and delivery service focuses on Singapore outside home market

Gojek drivers wait for customers in Jakarta: Parent company GoTo Group has struggled to replicate the success it has had in its home market elsewhere. (Photo by Ken Kobayashi)

NANA SHIBATA, Nikkei staff writer

September 5, 2024 14:42 JST

JAKARTA -- Indonesian ride-hailing and delivery service GoTo Group said Wednesday it will shut down operations in Vietnam on Sept. 16, pulling out of the fiercely competitive market in that country.

GoTo's core unit, Gojek, entered Vietnam in 2018 with local partner Go-Viet. The foray, GoTo's first venture abroad, was a rare move by an Indonesian technology company. Indonesian President Joko Widodo attended the launch ceremony in Vietnam.