Vingroup Chairman Establishes new Electric Vehicle Rental & Taxi Service Company

Vingroup Chairman, Pham Nhat Vuong, has announced the establishment of the Green and Smart Mobility Joint Stock Company (GSM), a group dedicated to using VinFast electric cars and scooters for rental and taxi services. Vietnam's Vingroup is the owner of EV manufacturer VinFast.

Vingroup's Chairman holds a 95% stake. 

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 says: "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.