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Taxi Huong Giang Transport Cooperative announced on May 11 that it is expanding its cooperation with Green SM through a new order to purchase 1,500 VinFast electric vehicles, moving its current fleet from internal combustion engines to fully electric cars.
The company and GSM Green and Smart Mobility Joint Stock Company signed a strategic partnership agreement under which Taxi Huong Giang will buy 1,500 VinFast electric cars. The stated goal is to convert all internal combustion engine (ICE) vehicles in its fleet to fully electric vehicles.
With the additional order, Taxi Huong Giang said the purchase will raise its fleet to more than 2,000 vehicles. The company also aims to expand its taxi operations to Bac Ninh province.
Green SM will provide consulting and operational support to help Taxi Huong Giang utilize the large fleet efficiently and maintain operational stability. The two parties said they will implement a rights-based cooperation model, allowing drivers to gradually access and own vehicles that are currently in service. The companies said the approach is intended to increase driver engagement and autonomy in business activities.
Taxi Huong Giang and Green SM said the scale of the investment and the expanded cooperation reflect a broader shift in Vietnam’s passenger transport sector toward green mobility. They also pointed to the practical effectiveness of an all-electric taxi operation model.
Beyond supplying vehicle models, Green SM said it supports partners with technology platforms, restructuring, and business model expansion.
Ms. Nguyen Thi Thanh Thuy, Chairwoman and CEO of Taxi Huong Giang Transport Cooperative, said investing in an all-electric fleet is a strategic move to enhance the company’s operational autonomy, competitiveness, and ability to adapt to the green transition in the transport market.
“The Green SM partnership will help us participate more deeply in the green mobility ecosystem, delivering value to society,” she said.
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