This is the first step in GSM’s plan to enter overseas markets, said the CEO.

According to the plan, GSM will launch its e-taxi service in Laos in 2023 with a fleet size of up to 1,000 VF 5 Plus and VF e34 vehicles. Later on, it will fully develop the service ecosystem, including electric car rental and value-added services such as package car booking, tourist car booking, and personalized car booking.

The firm will also deploy B2B activities such as selling and leasing VinFast electric vehicles similar to the model which has proved effective in Vietnam.

GSM will gradually create the habit of using green, smart and environmentally friendly vehicles in Laos, said CEO Thanh, adding through its brand Green SM taxi service, GSM will also contribute to promoting Vietnamese image to the regional market.

GSM launched its ride-hailing service in April 2023 in Vietnam as the world’s first multi-platform green transportation model with a 100% pure electric vehicle fleet. With a charter capital of VND3,000 billion (about US$125.7 million), GSM was founded by Pham Nhat Vuong, chairman of Vingroup who owns 95% of the firm’s stake.

GSM operates in two main segments: electric car and motorbike rental, and electric taxi services.

Source: VOV