Taxi Lavi to Replace Entire Fleet with 2,000 VinFast EVs in Green Transport Deal

Overview

Taxi Lavi has signed a memorandum of understanding (MOU) with VinFast and GSM to replace its entire existing fleet of 2,000 fossil-fuel vehicles with VinFast electric vehicles (EVs). The deal includes models such as Minio Green, Herio Green, VF 5, Limo Green, and EC Van, and will be supported by GSM’s green transport platform and V-Green’s charging infrastructure. This marks a significant B2B order for VinFast and underscores the growing adoption of EVs in Vietnam’s ride-hailing sector.

Key Facts

• Taxi Lavi will invest in and operate 2,000 VinFast electric vehicles, replacing its entire current fleet.
• Vehicle models include Minio Green, Herio Green, VF 5, Limo Green, and EC Van.
• The MOU was signed on April 15, 2026, among VinFast, GSM, and Taxi Lavi (Công ty TNHH Đầu tư và Thương mại Ý Nghĩa).
• Deployment will focus on key markets: Ho Chi Minh City, Can Tho, Khanh Hoa, and Da Nang.
• GSM will provide consulting and support for the green transport technology platform.
• V-Green will develop the charging infrastructure, and specialized service workshops will be established.
• The transition aims to replace all fossil-fuel vehicles with electric ones.

What Happened

On April 15, 2026, VinFast, GSM (Green and Smart Mobility Joint Stock Company), and Taxi Lavi signed a cooperation MOU to transition Taxi Lavi’s entire fleet to 2,000 VinFast electric vehicles. The agreement covers investment, operation, and the shift from a traditional model to a green transport technology platform supported by GSM. The phased rollout will occur in Ho Chi Minh City, Can Tho, Khanh Hoa, and Da Nang, with the goal of fully replacing internal combustion engine vehicles. The partnership also includes building a synchronized ecosystem with V-Green charging stations and dedicated service workshops to ensure operational efficiency for the large-scale fleet.

Market Context

VinFast (VFS, listed on NASDAQ) has been actively expanding its B2B sales channels, including taxi and ride-hailing fleets, to boost delivery volumes. This deal follows other fleet agreements and aligns with Vietnam’s push for green transportation. The stock has seen volatility amid broader EV market trends and delivery updates. The taxi fleet conversion provides a tangible demand signal for VinFast’s commercial EV lineup, potentially supporting future revenue growth.

Strategic Significance

This MOU demonstrates VinFast’s ability to secure large-scale fleet orders, which are critical for achieving production scale and market penetration. By partnering with GSM and V-Green, VinFast is building an integrated ecosystem that includes vehicles, charging infrastructure, and service support, reducing adoption barriers for fleet operators. For Taxi Lavi, the switch to EVs lowers fuel and maintenance costs over time, aligning with environmental regulations. The deal also strengthens VinFast’s presence in the domestic ride-hailing market, which is increasingly competitive with green initiatives.

What to Watch

• Execution of the rollout timeline and number of vehicles delivered in each phase.
• Expansion to additional cities beyond the initial four.
• Impact on VinFast’s quarterly delivery numbers and revenue from B2B sales.
• Any similar fleet conversion announcements from other taxi or ride-hailing companies in Vietnam.
• Updates on V-Green’s charging infrastructure deployment in the target cities.