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

Overview

Taxi Lavi has signed a cooperation agreement to invest in and operate 2,000 VinFast electric vehicles (EVs), with plans to completely replace its existing fossil fuel fleet. The deal includes the development of a synchronized EV ecosystem featuring V-Green charging infrastructure and specialized service workshops, marking a significant step in Vietnam’s green transportation transition.

Key Facts

• Taxi Lavi will invest in and operate 2,000 VinFast EVs, including models Minio Green, Herio Green, VF 5, Limo Green, and EC Van.
• The fleet will initially deploy in Ho Chi Minh City, Can Tho, Khanh Hoa, and Da Nang.
• The partnership aims to replace all of Taxi Lavi’s fossil fuel vehicles with electric ones.
• V-Green will develop the charging infrastructure for the fleet.
• GSM (Green SM) will provide operational consulting and support to ensure service standards.
• The agreement was signed by Mr. Nguyen Quoc Dung, Chairman of Y Nghia Investment and Trading Co., Ltd. (Taxi Lavi’s parent), and Mr. Tran Le Phuong, Deputy General Director of GSM Global.
• GSM currently supports nearly 100 transport enterprises and 11 bus operators across Vietnam.

What Happened

Taxi Lavi, a Vietnamese taxi operator, has entered into a strategic partnership with VinFast and its affiliates to transition its entire fleet to electric vehicles. Under the agreement, Taxi Lavi will invest in and operate 2,000 VinFast EVs across multiple models, targeting major cities including Ho Chi Minh City, Can Tho, Khanh Hoa, and Da Nang. The company intends to fully replace its existing internal combustion engine vehicles.

The partnership extends beyond vehicle supply to include a comprehensive ecosystem. V-Green, VinFast’s charging infrastructure arm, will build out the charging network, while GSM (Green SM) will provide operational support and consulting to ensure consistent service quality. The announcement was made via a signing ceremony, with executives from both sides emphasizing the long-term efficiency and sustainability benefits.

Market Context

VinFast (VFS, listed on Nasdaq) has been aggressively expanding its EV ecosystem in Vietnam, targeting both consumer and commercial segments. The Taxi Lavi deal follows a pattern of fleet sales to domestic transport operators, including previous agreements with Green SM and other taxi companies. Vietnam’s transportation sector is under increasing pressure to reduce emissions, and government policies are encouraging a shift to electric mobility. This partnership reinforces VinFast’s position as the dominant EV supplier in the domestic commercial fleet market.

Strategic Significance

For VinFast, the agreement represents a recurring revenue stream from fleet sales and after-sales services, while also strengthening its ecosystem with V-Green and GSM. The deal demonstrates VinFast’s ability to secure large-volume commercial orders, which is critical for scaling production and achieving economies of scale. For Taxi Lavi, the switch to EVs is expected to lower fuel and maintenance costs over the long term, aligning with Vietnam’s green transition goals. The partnership also creates a template for other transport companies considering electrification.

What to Watch

• Execution of the 2,000-vehicle rollout timeline and any expansion to additional cities.
• Taxi Lavi’s progress in fully replacing its fossil fuel fleet and the pace of V-Green charging infrastructure deployment.
• Similar fleet electrification announcements from other Vietnamese transport operators.
• VinFast’s quarterly delivery numbers and commercial fleet sales as a percentage of total deliveries.
• Any government incentives or regulations that accelerate or hinder the EV transition in Vietnam’s transport sector.