VinFast-linked taxi operator GSM launches US service in Los Angeles

HANOI, Oct 14 (Reuters) – Vietnamese electric taxi operator Green and Smart Mobility (GSM), a partner of VinFast said on Wednesday it launched its all-electric ride-hailing and taxi service in Los Angeles, marking its first entry into North America as the company seeks to expand beyond Asia and Europe.

• GSM is currently operating in Vietnam, Laos, Indonesia, the Philippines, India, Kazakhstan, Denmark and the Netherlands, with the US becoming its ninth market

• Reuters in September reported that GSM plans to deploy fleets in the US, Sweden and the Netherlands ​by the end of this year and expand into additional European markets in 2027

• GSM, which is controlled by VinFast founder Pham Nhat Vuong and his family, has previously said it intends to purchase up to 1 million VinFast electric vehicles between 2026 and 2030

• The company is preparing for a Hong Kong listing, with a pre-IPO phase that could begin this year. GSM has previously said advisers suggested a valuation of about $20 billion

• While GSM does not publicly disclose detailed financial results, Vietnamese brokerage VNDirect said in report last week that the company generated about $1 billion in gross merchandise value in 2025

(Reporting by Phuong Nguyen; Editing by Stephen Coates)

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