The Vietnamese ride-hailing market is a bloodsport dominated by Grab (Singapore) and domestic apps like Be and Gojek. Traditional taxi giant Mai Linh has a century of trust.
So, how does GSM compete?
The keyword "GSM Hung Vu" often appears in forums where drivers compare earnings. GSM drivers report 20% higher take-home pay because they don’t spend money on gasoline or frequent engine maintenance. gsm hung vu
One of Hung Vu’s most innovative moves was the recruitment strategy. Instead of hiring standard taxi drivers, GSM targeted former transport cooperative workers and even Grab drivers. He offered a "lease-to-own" program for VinFast vehicles, combined with a fixed salary plus profit sharing. This created a fleet of drivers who treat the EVs like their own assets, resulting in cleaner cars and better service ratings.
Looking ahead to 2025-2026, Hung Vu has outlined an aggressive roadmap: The Vietnamese ride-hailing market is a bloodsport dominated
The story of GSM Hung Vu begins in March 2023. At a lavish launch event in Hanoi, Vingroup announced the creation of GSM, with a charter capital of nearly $150 million. The public was skeptical. Vietnam is a kingdom of motorbikes; taxis are a necessity, but electric taxis seemed like a luxury gamble.
Hung Vu, however, saw an infrastructure loop. VinFast had just begun exporting cars to the US, but the domestic market needed a "living showroom." He argued that the best way to convince Vietnamese people to buy a $40,000 electric car was to let them ride in one for a $2 taxi fare. The keyword "GSM Hung Vu" often appears in
Under Hung Vu’s directive, GSM ordered 10,000 VinFast cars and 50,000 electric motorbikes (VinFast Feliz and Theon) in the first year alone. His strategy was aggressive: "If the people won’t come to the showroom, the showroom will come to the people."
No article on GSM Hung Vu would be complete without addressing the hurdles. Critics point to three main issues: