Making news

VinGroup to launch electric bus services in five cities

Conglomerate VinGroup has set up VinBus, its subsidiary specialising in transport services, announced the property developer on May 2.

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).

To meet travelling demand and contribute to the building of a public transport network while reducing gas and noise, 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 popularising environmentally-friendly vehicles which run with electricity, and gradually replacing those run on petrol.

It is also a significant move of the group to offer new services and experiences in high-technology application to passengers.