Vietnamese conglomerate VinGroup on May 2 announced its launch of VinBus, a non-profit company operating in the public transport sector and run entirely on electric vehicles manufactured by its automaker VinFast.
|Vietnam’s carmaker VinGroup to launch electric bus service in 5 cities.
According to VinGroup, VinBus is scheduled to provide its public transport services starting in March next year in five major cities of Vietnam, including Hanoi, Hai Phong, Da Nang, Ho Chi Minh City and Can Tho, with a chartered capital standing at 1 trillion VND (about 43 million USD).
The company said that the VinBus will operate under a non-profit model, aiming to develop a modern public transportation system that reduces pollution and noise in Vietnam’s major cities. VinBus will use as many as 3,000 electric buses to be manufactured by VinFast, another VinGroup’s subsidiary.
VinFast’s factory on electric buses is being under construction. German industrial manufacturing company Siemens will be VinFast’s technology and component provider.
According to VinGroup Vice President and General Director Nguyen Viet Quang, the conglomerate has set itself a target of developing and popularizing environmentally-friendly vehicles which run with electricity, and gradually replacing those run on petrol.
“We have set our eyes on developing and promoting environmentally friendly vehicles to phase out fossil fuel cars ever since we entered the auto industry,” said VinGroup Vice President and General Director Nguyen Viet Quang.By Thien Minh