The Chairman of Vietnamese conglomerate Vingroup Pham Nhat Vuong has established GSM (Green- Smart-Mobility) Joint Stock Company which will specialise in providing car rental services, electric motorbikes and VinFast taxi services. 

The statement highlights that the service aims to popularize electrochemical mobility to promote a sustainable Green Lifestyle for the community. 

The company is expected to provide the market with 10,000 cars and 100,000 motorbikes made by the VinFast Trading Service Limited Liability Company, a subsidiary automaker of Vingroup.

With a charter capital of 3 trillion VND (126.77 million USD), the GSM, founded by Vuong, who owns a 95% stake, is expected to begin operation in Hanoi next month and then nationwide this year. The company will offer rental services to transport companies, while operating its own electric taxi service.

Nguyen Van Thanh, General Director of GSM, said the firm aims to further improve the green and smart mobility ecosystem in Vietnam, providing people with more options to use electric vehicles at a reasonable cost 

GSM aims to raise public awareness about how convenient, smart and sustainable green cars can be. They wish to promote the habit of using electric vehicles to each citizen.