<article>Editor&#8217;s note: A previous version of this story said that Go-Viet CEO and another senior executive had resigned from their roles and were seeking compensation from the ride-hailing firm. It was updated after Go-Viet issued a statement clarifying that its CEO and CGO are moving on to an advisory role. </article>

Editor&#8217;s note: A previous version of this story said that Go-Viet CEO and another senior executive had resigned from their roles and were seeking compensation from the ride-hailing firm. It was updated after Go-Viet issued a statement clarifying that its CEO and CGO are moving on to an advisory role. 
The CEO and chief growth officer (CGO) of GOJEK&#8217;s Vietnam affiliate Go-Viet have stepped down from their positions to take on new advisory roles, the company said on Friday in a statement.
DEALSTREETASIA had earlier today reported that Go-Viet CEO Duc Nguyen had resigned from his role, citing an internal announcement.
In a statement, Go-Viet said that Nguyen &#8220;will be assuming a broader role as an advisor to GO-VIET and the company’s strategic partner GOJEK.&#8221;
The Vietnam-based unit of the ride-hailing major did not reveal who would be taking over the CEO and CGO positions, saying the existing management will continue to be responsible for the day-to-day operations.
GOJEK entered Vietnam, its first market outside Indonesia, in August 2018. It offers bike-hailing, delivery and food services in the country, with plans to launch car-hailing soon.
The company did not charge drivers in the country any fee for the first few months of its operation. It declared a 35 per cent market share in Ho Chi Minh City nearly two months after launch.
However, starting this month, Go-Viet hiked the cut that it received from drivers to 20 per cent of each ride, similar to <a href="https://www.dealstreetasia.com/tag/grab/">Grab</a>. It has also stiffened policies for drivers’ performance and reward points. The move has not gone down well with its drivers in the country.
Its parent firm, GOJEK, is in the process of raising its extended Series F financing round worth up to $2 billion. The company has already secured $1 billion in an ongoing round from investors including Mitsubishi Corp, Provident Capital, Google, JD.com and Tencent.
Its biggest competitor in the region, Grab, recently bagged $1.46 billion from SoftBank Vision Fund to bring its Series H total to $4.5 billion. The Singapore-headquartered firm had invested <a href="https://www.dealstreetasia.com/stories/grab-investment-vietnam-124246/">over $100 million</a> in Vietnam by the end of 2018.
Grab is in talks with Ant Financial to invest in its financial service unit, Grab Financial Group, DEALSTREETASIA had reported earlier.
Also Read:
<a style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/gojek-citi-fundraising-122638/">GOJEK said to hand fundraising mandate to Citi for extended Series F</a>
<a style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/grab-ant-financial-funding-126437/">Grab eyes Ant Financial funding in quest to dominate SEA’s financial services market</a>

Duc Nguyen will be assuming a broader role as an advisor to GO-VIET and GOJEK.

(Updated) GOJEK's Vietnam CEO steps down, to take on advisory role

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(Updated) GOJEK's Vietnam CEO steps down, to take on advisory role

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