Viet TNVS player pours $1B for electric taxi fleet investment

Executives from the Philippine government, Vingroup Corporation, and Green and Smart Mobility (GSM) during the launch of GSM's all-electric taxi and transport network vehicle service in Quezon City on Tuesday (June 10, 2025). Vietnam-based Vingroup is investing around USD1 billion to enter the Philippines' public transport sector throughPhoto courtesy of GSM

Published on:

10 Jun 2025, 18:00

Vietnamese-based Vingroup Corporation has entered the Philippine transportation network vehicle service market, pouring in $1 billion of investment in launching an electric taxi fleet to serve Filipino passengers.

With vehicles powered by Vietnam’s Vinfast, an automotive company founded by Vingroup Corporation chairman Pham Nhat Vuong, Green and Smart Mobility (Green GSM) was officially unveiled in a ceremony held in Quezon City on Tuesday.

Known for their quiet, emission-free, and smooth rides, Green GSM has deployed an initial fleet of 2,500 all-electric VinFast vehicles that will hit the roads in Metro Manila.

The launch of the electric taxi service also marks the beginning of GSM’s first phase of operations in the Philippines, with an investment of $500 million to be utilized for its headquarters, employees’ salaries, charging station infrastructure, garage for their taxis and taxi units.

#ElectricTaxisPH

#VinFastPH

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