Vingroup Chairman Establishes Electric Vehicle Rental and Taxi Service Company
HANOI, VIETNAM - Media OutReach - 6 March 2023 - Vingroup Chairman Pham Nhat Vuong announced the establishment of the Green and Smart Mobility Joint Stock Company (GSM), an entity dedicated to using VinFast electric cars and scooters for rental and taxi services. GMS is the world's first multi-platform green transport rental and taxi service aiming to popularize the experience of electrified mobility while advocating Green Lifestyle.
With a charter capital of 3,000 billion VND (approximately $125.7 million), GSM was founded by Vingroup Chairman, Mr. Pham Nhat Vuong, who holds a 95% stake. The company will use VinFast electric vehicles and operate in the two sectors of vehicle rentals and electric taxi services.
Specifically, GSM will offer electric car rental services for traditional and online taxi service providers and their employees. At the same time, GSM will also operate its own electric car taxi service. Vietnam's first pure electric taxi firm is planned to commence its operation by next month in Hanoi and will expand nationwide in 2023.
All vehicles provided and used by GSM are VinFast electric vehicles. The initial investment scale is 10,000 cars and 100,000 motorbikes.
Mr. Nguyen Van Thanh, CEO of GSM JSC said: "GSM was established to further the development of the green and smart mobility ecosystem in Vietnam, providing people with more options to use electric vehicles at reasonable pricing.Whether it is just a few dozen minutes in a taxi or a few weeks or months of renting, customers will have the opportunity to experience the smart features and convenience of electric vehicles. In this way, we can accelerate the smart electric vehicle revolution faster and stronger in Vietnam."
GSM aims to promote the usage of electric vehicles by raising awareness about the convenience, intelligence, and sustainability of electric vehicles. By offering direct driving experiences (with test drive customers) and opportunities to enjoy smart technology features and amenities in vehicles (rental customers, electric taxi passengers,...), GSM will introduce VinFast electric cars to the broader public and gradually establish the habit of using smart and environmentally friendly transport in the daily lives of Vietnamese people.
Hashtag: #Vingroup
The issuer is solely responsible for the content of this announcement.
Clear Robotics and ReSustainability deploy a 100% electric vessel on the Pandan River, eliminating diesel emissions and transforming a three-person manual job into a safe, single-upskilled operator...
Customers can enjoy benefits ranging from global eSIM data to complimentary protection and cashback SINGAPORE – Media OutReach Newswire – 22 September 2026 – Etiqa Insurance Singapore has launche...
HONG KONG SAR - Media OutReach Newswire - 22 September 2026 - Cigna Healthcare Hong Kong has introduced a refreshed online health insurance experience that makes it easier for customers to researc...
Focusing on “Nature-Positive” Concept: Inviting the Education Sector to Co-Create a Vision for Green BuildingHONG KONG SAR - Media OutReach Newswire - 22 September 2026 - To enhance public underst...
New data highlights the contribution of Dusit Central Park’s rooftop park to urban cooling, air quality, biodiversity, and community well-being. The park will also mark Bangkok Climate Action We...
Fraser Suites Reserve Bangkok starts welcoming guests at One Bangkok in December 2026SINGAPORE – Media OutReach Newswire – 22 September 2026 – Frasers Hospitality, a business unit of Frasers Prope...
Asia's 289 active REIT products reached a combined market value of US$279.4 billion as at 31 March 2026, up from US$235.8 billion at end of 2024 The Chinese mainland contributed 2...
An immersive journey through dreams, gratitude and love, complemented by new lifestyle experiences at Galaxy PromenadeMACAU SAR – Media OutReach Newswire – 22 September 2026 -Founded upon its comm...
SINGAPORE - Media OutReach Newswire - 22 September 2026 - On September 17, the 23rd China-ASEAN Expo opened in Nanning, Guangxi. Dong Junfeng, Chairman of China UnionPay and UnionPay International...
In July 2026, Group 2 entities, the second cohort of Australian businesses, began their first reporting period under the mandatory climate disclosur...
The Federal Government’s decision to permanently legislate the $20,000 instant asset write-off will give eligible small businesses greater certainty...
The Australian corporate landscape is undergoing a fundamental transformation in how it sources talent and innovation. While businesses have traditi...
Starting any business and making it prosper is a major undertaking. Part of the challenge is managing the uncertainty, but the financial pressures o...
