VINANSIA.COM – GoTo Gojek Tokopedia has officially exited the Vietnamese market as of today, after seven years of operation. The company initially entered Vietnam in 2018 through its GoViet brand.

GoTo Gojek Tokopedia's management stated that the decision to exit Vietnam aims to refocus on enhancing operations with significant and sustainable growth potential. The company will continue to invest in areas that drive growth, with a goal to achieve an adjusted EBITDA breakeven point this year.

According to Koesoemohadiani, GoTo Gojek Tokopedia’s Corporate Secretary, the Vietnamese market is highly fragmented with numerous players in transportation and food delivery. The Gojek business in Vietnam contributed less than 0.5% to GoTo's gross transaction value (GTV) and 2% of Gojek’s GTV in the second quarter.

Koesoemohadiani emphasized that this strategic move will not negatively impact GoTo's broader operations or overall financial performance. Over the past five years, Gojek’s driver partners in Vietnam numbered over 200,000, with additional thousands involved in food services.