VN’s ride-hailing app FastGo launched in southern provinces

Ride-hailing app FastGo has officially launched its services in the southern provinces of Dong Nai and Binh Duong, continuing its expansion plan.

FastGo has officially launched its services in Dong Nai and Binh Duong provinces 
FastGo Vietnam’s General Director Nguyen Huu Tuat said Dong Nai and Binh Duong are adjacent to the southern largest economic hub of Ho Chi Minh City with high traffic and customers moving between cities. 

FastGo is available in all cities to help customers move safely, while reducing the number of empty passenger hubs, he said, adding that there are about 1,000 vehicles operating in these two provinces.

Launched in June, FastGo is a ride-hailing app developed by a Vietnamese company, and drivers pay VND30,000 (US$1.3) to FastGo if they earn more than VND400,000 per day.

It has also committed to keep fares unchanged during peak periods, while offering regular promotions.

The app has started operations in three big cities of Hanoi, Da Nang and HCM City with more than 30,000 drivers and over one million kilometres successfully travelled so far.

FastGo received investment from VinaCapital in August and is mobilising capital in the second round of up to US$50 million to expand its operations to other Southeast Asian countries including Indonesia and Myanmar.

FastGo plans to introduce services in Ha Long and Nha Trang cities at the beginning of November. Food delivery are planned for launch by the end of the year.
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