Indonesia-based ride-hailing and delivery service app Gojek has decided to exit Vietnam from September 16 as a step towards focusing its operations in major markets with higher growth potential.

Hundreds of motorbike driver partners for ride-hailing and delivery apps protested in Jakarta on August 29 to demand better work conditions and a firm legal standing.

Indonesian ride-hailing and payments firm Gojek and e-commerce leader Tokopedia announced a merger of their businesses on May 17, creating a technology powerhouse called GoTo Group in the country's largest-ever deal, according to Reuters.

Technology startups in Southeast Asia raised 8.2 billion USD last year, down 3.5 percent from 2019, according to the Singapore-based venture-capital firm Cento Ventures.

As Southeast Asian ride-hailing giants Gojek and Grab are reportedly discussing a merger deal, Indonesian officials and experts have warned that a consolidation of such dominant companies may cause a market monopoly.

More and more ride-hailing services are entering the market despite the dominance of the pioneers Grab and Gojek, formerly known as GoViet.

Gojek, the leading on-demand service and payment platform in Southeast Asia, officially debuted its app in Vietnam on August 5.

The Statistics Indonesia (BPS) has started to include prices of services provided by ride-hailing providers Gojek and Grab in the country's inflation calculation.