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

Overview

Taxi Lavi, a Vietnamese transport company, has signed a memorandum of understanding with VinFast (VFS) and GSM to replace its entire fleet of fossil-fuel vehicles with 2,000 VinFast electric vehicles. The agreement also includes transitioning to a green transport platform supported by GSM, marking another step in the electrification of Vietnam’s taxi industry.

Key Facts

• Taxi Lavi will invest in and operate 2,000 VinFast electric vehicles, including Minio Green, Herio Green, VF 5, Limo Green, and EC Van models.
• The deployment will take place in Ho Chi Minh City, Can Tho, Khanh Hoa, and Da Nang.
• The MOU was signed between VinFast, GSM, and Taxi Lavi (Y Nghia Investment and Trading Co., Ltd.).
• GSM currently partners with 100 transport enterprises and 11 bus operators nationwide for EV conversion.
• Taxi Lavi launched in September 2025 in Phan Rang-Thap Cham, Ninh Thuan, with an initial VinFast EV fleet.
• Other taxi firms using VinFast EVs include Thanh Nga, Bac A, Que Lua, Long Bien, and Mai Linh Group.
• Lado Taxi plans to purchase and lease VinFast EVs from 2024 to 2026.

What Happened

On [date not specified], VinFast, GSM, and Taxi Lavi signed a memorandum of understanding to replace Taxi Lavi’s entire existing fleet with 2,000 VinFast electric vehicles. The agreement also involves transitioning Taxi Lavi’s operating model to a green transport technology platform, with GSM providing consultancy and support. The vehicles will include multiple VinFast models such as the Minio Green, Herio Green, VF 5, Limo Green, and EC Van.

The deployment is planned for major cities including Ho Chi Minh City, Can Tho, Khanh Hoa, and Da Nang, with the goal of fully replacing fossil-fuel vehicles with electric ones. In addition to vehicle replacement, the parties will collaborate on building a synchronized operating ecosystem, including charging infrastructure developed by V-Green and specialized service workshops to ensure efficient operation of the large-scale fleet.

Market Context

VinFast (VFS, listed on Nasdaq) has been aggressively expanding its EV sales in Vietnam through partnerships with taxi and transport companies. GSM, a green transport platform, has already partnered with over 100 transport enterprises and 11 bus operators. The Vietnamese taxi industry is gradually shifting toward electric vehicles, with several major players like Mai Linh and Lado Taxi committing to EV adoption. This deal reinforces VinFast’s domestic market presence and supports its production scale.

Strategic Significance

For VinFast, the agreement secures a significant order of 2,000 vehicles, boosting domestic sales volume and utilization of its manufacturing capacity. The partnership with GSM also strengthens the ecosystem around VinFast’s EVs, including charging infrastructure and maintenance services. For Taxi Lavi, the transition to a fully electric fleet aligns with Vietnam’s green transportation goals and may reduce operating costs over time. The deal underscores the growing trend of fleet electrification in Vietnam’s transport sector, which could provide a stable demand base for VinFast.

What to Watch

• Timeline for the deployment of the 2,000 vehicles across the four cities.
• Additional taxi companies signing similar agreements with VinFast or GSM.
• VinFast’s domestic sales figures in subsequent quarters, particularly fleet sales.
• Expansion of V-Green’s charging network to support growing EV taxi fleets.
• Any government incentives or regulations accelerating taxi fleet electrification in Vietnam.