June 28, 2024_ Xanh SM, Phạm Nhật Vượng's electric taxi company, has rapidly expanded its presence in Vietnam in just over a year. With over 30,000 electric taxis operating in 45 provinces and cities, Xanh SM has reached 20% of the technology transportation services market. Be Group, another transportation platform, has signed a collaboration agreement with GSM to facilitate the transition of its drivers to electric vehicles. According to Đầu tư, Be Group has also received a significant investment from VPBank Securities to further expand its services. Grab and Gojek, competitors in the sector, are facing a decline in their market share and are reviewing their strategies to maintain competitiveness.
