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.

Indonesian Trade Minister Zulkifli Hasan has given the green light for collaboration between ByteDance Ltd, the Chinese parent company of video-sharing app TikTok, and Indonesia's PT Gojek Tokopedia Tbk (GoTo) to establish an e-commerce platform.

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.