Viettel Post, the courier delivery arm of Vietnam’s largest telecommunications company Viettel Group, has joined the digital ride-hailing market with its own service, MyGo.
Available both on iOS and Android, users can use the app for car, motorbike, delivery and transport services.
While many ride-hailing companies rely on a strategy of discounts and heavy advertising spend, Tran Trung Hung, CEO of Viettel Post says MyGo will not take that route, aiming instead for a sustainable operational model.
A key advantage MyGo has over its competitors lies in the services it offers. Hung says other ride-hailing services only allow their drivers to transport people or goods one at a time, but MyGo encourages drivers to pick up and drop off multiple passengers or goods at once. This is aimed at reducing users’ costs and cutting down waiting time.
So far over 100,000 drivers have registered with MyGo and will provide service in 63 cities and provinces throughout the country. Viettel Post said it plans to expand MyGo to international markets including Mynamar and Cambodia, within this year.
Meanwhile, Viettel Post has also rolled out a new retail platform – Voso.vn – aimed at B2C retail trade and tapping its strengths in delivery and mobile payment.
The Viettel Group is the largest telecommunications group in Vietnam and group has more than 20 subsidiary companies operating in different businesses including telecom, investment, real estates, foreign trade and technical services.
In 2014, Viettel earned USD 9.8 billion in revenue and USD 2.0 billion in profit, ranking among the top largest enterprises in the country in terms of revenue. Viettel Global, its overseas investment arm currently operates nine telecommunications companies in nine countries across Asia, Africa and Asia with 13 million customers.