Business Daily Media
Saturday, July 26, 2025 10:28:01 AM

Men's Weekly

.

GSM surpasses 50 million customers after 1 year of launch

HANOI, VIETNAM - Media OutReach Newswire - 15 April 2024 - Celebrating its first year of operation since launching its electric taxi services in Vietnam, GSM has served over 50 million customers.

The company has also expanded its services to many provinces and cities across Vietnam, contributing to a reduction of tens of thousands of tons of CO2 emissions.

GSM surpasses 50 million customers after 1 year of launch

In a major development for sustainable transportation in Vietnam, Green and Smart Mobility Joint Stock Company (GSM) officially launched the GSM pure electric taxi service in Hanoi on April 14, 2023. This marked the first time in Vietnam that a complex transportation model using 100% VinFast electric cars and motorbikes was introduced.

In its first year, GSM has achieved remarkable growth, launching new services, expanding to numerous provinces and cities, and even entering its first international market. Through these efforts, GSM has established itself as a major player in the ride-hailing market, winning the hearts of millions of customers.

GSM has significantly expanded its offerings in Vietnam, moving beyond the initial electric taxi service. The company now provides a comprehensive suite of electric mobility solutions, including electric motorbike transportation and delivery services, all-inclusive electric car transportation packages tailored to customer needs, and electric car rentals with or without drivers. Their most recent innovation, the Xanh SM Platform, connects VinFast electric car owners nationwide, allowing them to offer rides and share revenue.

Furthermore, GSM has established a robust presence across Vietnam, expanding to 36 provinces and cities. Through partnerships with over 30 businesses, they've played a key role in converting fleets and promoting the operation of electric car transportation services throughout the country. This collaborative effort significantly strengthens GSM's position as a leader in green transportation and promotes its widespread adoption across localities.

GSM's fleet of high-quality VinFast electric cars has traveled over 300 million kilometers in the past year, entirely on electric power. This has prevented an estimated 52,000 tons of CO2 emissions, equivalent to 2.6 million trees photosynthesizing throughout the year. GSM's commitment to sustainability extends beyond its core business. The company has also contributed nearly 30 billion VND (approx 1.2 million USD) to Vingroup's For Green Future Foundation, supporting environmental initiatives throughout Vietnam.

By the end of Q4/2023, GSM had achieved a strong second-place position in Vietnam's ride-hailing market, capturing an impressive 18.17% market share and surpassing many established brands. Customers praise GSM for its commitment to a fully electric fleet, its high-quality drivers, and its exceptional 5-star service, setting a new standard for the industry.

Having secured a dominant position in Vietnam, GSM has embarked on a rapid international expansion. Laos became its first overseas market, demonstrating the company's ambitious growth strategy. With plans to be operational in 9 countries by 2025, GSM is well on its way to becoming a leading global provider of pure electric ride-hailing services.

Mr. Nguyen Van Thanh, Global CEO of GSM, shared: "GSM's impressive achievements are a testament to both customer acceptance and the dedication of our pioneering team. Together, they have brought green transportation and delivery solutions closer to everyone. This combined force fuels Xanh SM's journey to conquer new milestones in its mission of creating a greener, more convenient, and sustainable transportation future"

As GSM embarks on its second year, the company remains committed to its core values and unwavering mission: creating green, convenient, and sustainable transportation solutions. GSM aspires to be a leader in the global green transportation revolution, promoting a more sustainable future for mobility.

Hashtag: #GSM

The issuer is solely responsible for the content of this announcement.

News from Asia

Lee Kuan Yew School of Public Policy Releases Strategic Roadmap for ASEAN's 5G-AI Transformation

New Research Reveals US$130 Billion Economic Opportunity and Outlines Policy Framework to Accelerate Regional Digital Leadership by 2030SINGAPORE - Media OutReach Newswire - 22 July 2025 - The Le...

DFI Retail Group Holdings Limited Half-Year Results For The Six Months Ended 30 June 2025 And Announcement Of Special Dividend

Highlights 39% underlying earnings growth Increased contributions from associates, Health & Beauty and Food Health & Beauty delivered strong like-for-like (LFL...

HeyMax Acquires Hong Kong’s krip to Accelerate Regional Expansion into Loyalty and Rewards Market

HeyMax’s first acquisition fast-tracks its regional expansion, bringing over 6,000 credit card deals offered by over 3,000 merchants, and personalized loyalty experiences to consumers in Hong Kong ...

CUHK Faculty of Engineering: Advancing Innovation Through Research Excellence and Global Collaboration

HONG KONG SAR - Media OutReach Newswire - 23 July 2025 - The Faculty of Engineering at The Chinese University of Hong Kong (CUHK) continues to strengthen its position in global engineering educat...

Adecco Singapore Marks 40 Years of Enabling Talent and Business Growth

SINGAPORE - Media OutReach Newswire - 23 July 2025 - Adecco Singapore has officially commemorated its 40th anniversary with a stakeholder event held at the National Gallery Singapore. The occasion...

Samsung’s Solve for Tomorrow 2025 Youth Innovation Competition is Now On

SINGAPORE - Media OutReach Newswire - 23 July 2025 - Samsung Solve for Tomorrow 2025, the highly-anticipated youth innovation competition, is back for its ninth edition in Singapore! As the natio...

Jollibee Group Evolves its Corporate Brand to Help Power Global Growth

Brand update brings to life its global purpose and positioning as a unified group of brandsMANILA, PHILIPPINES - Media OutReach Newswire - 23 July 2025 - The Jollibee Group, one of the world's fas...

AECOM to enhance mobility across the Greater Bay Area by delivering the Hong Kong Section of Hong Kong–Shenzhen Western Rail Link (Hung Shui Kiu-Qianhai)

HONG KONG SAR - Media OutReach Newswire - 23 July 2025 - AECOM, the trusted global infrastructure leader, today announced that its joint venture with AtkinsRéalis has been awarded the consultancy ...

OCBC Hong Kong Unveils New Brand Campaign

Connected to “As One Group, OCBC Enables Aspiration All Across ASEAN and Greater China” Demonstrating the Unwavering Commitment in Realising Customer’s Aspirations HONG KONG SAR - Media...

X.me Foundation Empowers Global Expansion of the X.me Social Media Platform

SINGAPORE - Media OutReach Newswire - 23 July 2025 - X.me (https://x.me) is a social media platform where users can freely express themselves, share content, engage, and interact while earnin...

Baby boomers are driving development feasibility leading to larger apartments

As residential developers continue to grapple with feasibility issues on apartment projects, the sector is struggling to deliver volumes of new st...

Hays launches FY25/26 Salary Guide: ‘Salary Paradox’ deepens as pay rises fail Australians

Rising dissatisfaction with pay, progression and perks is fuelling a new wave of career change in FY25/26, as Australians demand more from employe...

Australian Businesses Still Stuck in the AI Hype Cycle

Data Governance Failures, ROI Gaps and Unclear Strategy Slowing Progress Despite artificial intelligence (AI) dominating headlines and boardroom ag...

How to ensure your manufacturing business survives international tariff turmoil

Optimising your operations in FY2026 will help you combat the challenges of a volatile trading environment. Up, down, in out…Since the commence...

Why Apptio is Enhancing Visibility into AI and Hybrid Cloud

AI investments have become a strategic priority for business with the mindset that if you're not using AI, you're falling behind. But according to...

Beyond borders: Building a scalable strategy for international hiring

For many Australian businesses, growth increasingly depends on thinking beyond local borders.  As wage pressures rise, and specialised talent pool...

Sell by LayBy