TRANSPORT & LOGISTICS | Staff Reporter, Singapore

Vietnamese ride-hailing firm FastGo to launch in Singapore in April

Driver-partners can register on 1 April, whilst customers can book rides on 30 April.

Vietnamese car-hailing firm FastGo will expand to Singapore and open registration for driver-partners on 1 April and ride booking for customers on 30 April, an announcement revealed.

FastGo launched its ride-hailing service in Vietnam in June 2018 after Uber withdrew from the Southeast Asian market. It now has 60,000 driver partners in 10 provinces and cities in the country.

It launched its services in Yangon, Myanmar in December 2018. It plans to expand to Indonesia, Thailand, and the Philippines for the rest of the year.

FastGo’s main services include FastCar, FastTaxi, and FastBike. The company is preparing to launch FastExpress, FastCare, and FastLend services.

According to the firm, it does not collect a commission fee from the driver-partners. The company only charges a fixed daily subscription fee.

In Singapore, it will charge less than US$5 if the driver’s income is over US$30 a day. If the driver's daily income is lower than US$30, FastGo will not charge any service fee.

“There is no surcharge during peak hours,” it said. “However, the application allows the customers to use the TIP (bonus) function when booking a ride, or choose the Priority services.”

In August 2018, FastGo received a Series A investment from VinaCapital Ventures. The company is mobilising Series B investments to expand its market.

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