Log in
Econ

Facebook Vietnam’s former CEO takes charge of ride-hailing app Go-Viet

Go-Jek said the appointment is aimed to improve efficiency of Go-Viet’s operation, showing the significance of Vietnam’s market to the Indonesian firm as one of its first foreign investment market in Southeast Asia.

Ride-hailing firm Go-Viet has appointed Le Diep Kieu Trang as the company’s new CEO, local media reported. 
 
Le Diep Kieu Trang. Source: Go-Viet.
Le Diep Kieu Trang. Source: Go-Viet.
Trang previously hold the CEO position of Facebook Vietnam in nine months before leaving the post in December 2018. 

According to Trang, Go-Jek’s success in Indonesia has transformed significantly the local people’s lifestyle, so she hopes to see the same success in Vietnam. 

Go-Jek said the appointment is aimed to improve efficiency of Go-Viet’s operation, showing the significance of Vietnam’s market to the Indonesian firm as one of its first foreign investment markets in Southeast Asia. 

Andrew Lee, senior official at Go-Jek, said Trang is an ideal leader for Go-Viet to maintain the current growth rate, saying she has a perfect combination of experience in technologies and deep understandings of the market, as well as strong desire to raise the living standards of Vietnamese. 

Prior to this, she was CEO of Fossil Vietnam, which acquired Misfit Wearables founded by her husband Sonny Vu, a Vietnamese American businessman for US$260 million in 2015. 

Misfit Wearables, a startup specializing in keeping track of human health and physical activities, had attracted investment from John Sculley, former CEO of Apple, and Hong Kong billionaire Li Ka-shing. 

Trang comes from a family with a long business tradition.

Her father, Le Van Tri, was a deputy CEO of Southern Rubber Industry Joint Stock Company (Casumina), Vietnam's leading tyre manufacturer, while her brother, Le Tri Thong, was a deputy CEO of Dong A Bank and is currently vice chairman of Phu Nhuan Jewelry Joint-Stock Company (PNJ).

Trang won scholarships to study at Oxford University in England and then Massachusetts Institute of Technology (MIT) in the US. After that, she worked for global management consulting firm McKinsey in the US before joining Fossil. 

Vietnam’s ride-hailing market is estimated at US$1.7 billion with fierce competition coming from names such as Grab, Go-Viet, Be, and FastGo, among others. 
Reactions:
Share:
Trending
Most Viewed
Real estate firms sell bonds worth $402 million in May

Real estate firms sell bonds worth $402 million in May

Real estate companies have raised $862 million from bond issuance in April and May, thanks to an improved business environment and better access to funding.

Vietnam unveils new strategies to boost domestic market, aid businesses

Vietnam unveils new strategies to boost domestic market, aid businesses

As global trade uncertainties grow, Vietnam sees the domestic market not only as a key consumption driver but also a “lifeline” for businesses hit by protectionist export barriers.

Vietnam eyes US tilapia export boost as global supply falls

Vietnam eyes US tilapia export boost as global supply falls

Vietnam aims to increase tilapia output to 400,000 tons by 2030, making it the second-largest freshwater export species after pangasius.

Vietnam’s enterprises must act fast to weather US tariff shock: Experts 

Vietnam’s enterprises must act fast to weather US tariff shock: Experts 

Many of the key Vietnamese exports, such as wood products, electronics, and textiles, that are not on the US exclusion list could face steep tariffs.

Vietnam's mobile money pilot program extended to end of 2025

Vietnam's mobile money pilot program extended to end of 2025

Mobile Money, launched by the Ministry of Science and Technology, differs from e-wallets by linking users’ payment accounts directly to mobile phone numbers.

Vietnam taps innovation, global ties to elevate national brand

Vietnam taps innovation, global ties to elevate national brand

Vietnam is intensifying efforts to enhance its national brand, leveraging innovation, global partnerships, and strategic policies to bolster its global competitiveness and market presence.

Vietnam extends US$3.9 billion loan package for agro-forestry-fisheries

Vietnam extends US$3.9 billion loan package for agro-forestry-fisheries

The government has expanded the scope and scale of the credit program for the sectors which brought about US$62.4 billion worth of exports in 2024.

Vietnamese public shows rising satisfaction in 2024 PAPI survey

Vietnamese public shows rising satisfaction in 2024 PAPI survey

The 2024 PAPI survey found increasing citizen satisfaction with governance, but highlighted persistent administrative challenges, climate vulnerability, and gaps in access to public services.