Vietnam’s VinGroup has set up VinBus as its subsidiary specialising in transport services.
According to its statement on May 02, 2019, VinBus is scheduled to provide public transport services starting in March 2020 in five key cities of Vietnam, which are Hanoi, Hai Phong, Da Nang, Ho Chi Minh City and Can Tho. The chartered capital of VinBus is about US$ 43 million.
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 subsidiary invested by VinGroup.
VinFast’s factory on electric buses is being under construction. Siemens, a German industrial manufacturing company will be the provider of VinFast’s technology and component.
According to a report on Vietnam News Agency, Vingroup Vice President and General Director Nguyen Viet Quang said that, 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.