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Sharing Economy

Vietnam's first car-hailing app FastGo heads overseas

International expansion will be supported by existing e-commerce network

Customers of Vietnam's FastBike, an arm of FastGo.

HO CHI MINH CITY -- FastGo, a Vietnamese ride-hailing app, plans to launch its service in Indonesia and Myanmar in December as it hopes to become one of the top companies in the field in Southeast Asia.

This move abroad comes just four months after it launched in Vietnam, positioning itself as the company's answer to Singapore-based Grab, the biggest player in Southeast Asia, and Indonesia's Go-Jek, which launched its first overseas operation in Vietnam last month, GoViet.

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