GoTo exits Vietnam amid push to pursue profitability


A Gojek rider delivering a Tokopedia package to a customer in Jakarta. Gojek and Tokopedia, after their merger, became the largest tech company in Indonesia. - GoTo Group/AFP

JAKARTA: Homegrown tech giant GoTo is set to close its operations in Vietnam on Sept 16, according to a company announcement on Wednesday (Sept 4), as it seeks to close the gap to achieve profitability.

The company explained that Vietnam is a highly fragmented market, with multiple players in transport and food delivery.

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