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.
AI isn't just something to think about anymore - it's becoming part of how we live and work, whether we like it or not. At the office, it definitely helps us move faster. But here's the thing: just using tools like ChatGPT or plugging AI into your wo...
Photo by Kevin Kuby Manuel O. Diaz Jr.We live in a world drowning in data. Every click, swipe, medical scan, and financial transaction generates information, so much that managing it all has become one of the biggest challenges of our digital age. Bu...
Image by freepik
As the metaverse becomes more advanced and accessible, it's clear that multiple sectors will use digital twins and 3D product experiences to visualize, connect, and streamline efforts better. A digital twin is a virtual replica of ...
In recent years, the mobile gaming landscape has undergone a significant transformation, with mid-core mobile games emerging as the dominant force in app stores by 2025. This shift is underpinned by changing user habits and evolving monetization tr...
Key Highlights
ITIL 4 focuses on IT service management, emphasising continual improvement and value creation through modern digital transformation approaches.
PRINCE2 project management supports systematic planning and execution of projects wit...
Image by freepik
As industrial operations become more complex and fast-paced, the risks faced by workers and employers alike continue to grow. Traditional safety models—reliant on manual oversight, reactive investigations, and standardised checklist...
Ricoh, a leading provider of smart workplace technology, today launched the RICOH IM C401F, an enterprise-grade A4 colour desktop multifunction printer (MFP) designed for Austral...
Market volatility, geopolitical conflicts, inflation fears—these are only some of the wild cards that render the current financial environment a tightrope to walk. Amidst all thi...
With high public interest in Alzheimer’s disease, there is growing awareness of the important role nutrition plays in supporting memory and cognitive function in people diagnosed...
Australia is amid a sleep health crisis. Nearly 40% of adults report inadequate sleep, and the consequences are far-reaching, impacting everything from cardiovascular health to...
Ever felt like where you live is having an impact on your mental health? Turns out, you’re not imagining things.
Our new analysis[1] of eight years of data from the New Zeal...
There’s something incredibly freeing about heading off the beaten path. No traffic, no crowded campsites, no glowing screens in every direction — just you, the landscape, and the...
