Ride-hailing app FastGo on Monday officially rolled out services in the central coastal city of Da Nang.

After receiving funding from Vinacapital, FastGo has expanded its operations to other big cities following Ha Noi and HCM City.

Despite launching just three months ago, FastGo has developed quickly and now holds second position in the market, with around 25,000 drivers.

Speaking at the launch ceremony, Nguyen Huu Tuat, FastGo’s general director, said that Da Nang attracted thousands of both domestic and international visitors.

FastGo said it would expand its services to six to eight big cities in 2018 and nationwide in 2019 to help the company surpass its rivals.

FastGo is a ride-hailing app developed by a Vietnamese company, and drivers pay VND30,000 (US$1.3) to FastGo if they earn more than VND400,000 per day.

It has also committed to keep tariffs unchanged during peak periods, while offering regular promotions.

The app already has nearly 100,000 users, and that number is increasing by up to 20 per cent a day.

FastGo expects to have 1 million users by the end of the year.

The firm made its debut in Ha Noi on June 12, before expanding to HCM City on August 10. — VNS