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.
SINGAPORE – Media OutReach Newswire – 17 August 2026 – The Cocoa Trees, a Singapore-based confectionery retailer and distributor established in 2000, has launched Kaki's, its first in-house develo...
Special Event for F2P Game Developers Launches Alongside the AnnouncementSINGAPORE- Media OutReach Newswire - 17 August 2026 - With the global game market grown to an approximate value of US$200 b...
JAKARTA, INDONESIA - Media OutReach Newswire - 17 August 2026 - VinFast and Gowa Motor Group, an established Indonesian automotive group with experience across multiple automotive brands, today an...
Flagship Regional Launch in Singapore Brings Together Academic, Corporate and Policy Leaders, with a Focus on Internships Through SPIRE Partner Companies.SINGAPORE - Media OutReach Newswire - 17 A...
Amaris B. Clinic's first-half 2026 enquiry figures show arm-related concerns accounted for 41.4% of all body-sculpting enquiries from women, with nearly half of those enquiries coming from women in...
Partnering for better care: Mount Elizabeth Royal Square day surgery centre becomes the first IHH Healthcare facility to join Prudential’s PRUPanel Connect network SINGAPORE– Media OutReach Newswi...
JAKARTA, INDONESIA - Media OutReach Newswire - 17 August 2026 - NEXA CORE, a Jakarta-based AI infrastructure company, showcased its integrated "Chip-to-Application AI Hub" at the Indonesia Technol...
TAIPEI, TAIWAN – Media OutReach Newswire – 17 August 2026 – The Tri-Mountain National Scenic Area Headquarters , Tourism Administration, MOTC Aug.13 announced the launch of the 2026–2027 "Greeting...
ONTARIO, CA - Media OutReach Newswire - 16 August 2026 - As France enters the transitional period between mid-August and early September—a season marked by the return from summer holidays and cool...
New partnership turns incorporation into a transaction-ready business in a single application — and sponsors 10 founders every month with a free upgrade to the fully-managed Expert packageHong Kong...
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...
