Gsm Hung Vu May 2026

While competitors like Grab and Be were experimenting with hybrid models, Hung Vu pushed GSM to go all-in on pure EVs. By mid-2024, GSM had recorded over 10 million successful rides, preventing an estimated 10,000+ tons of CO2 emissions compared to traditional gasoline vehicles. This aggressive pivot has made GSM the preferred choice for eco-conscious tourists and young urban professionals.

The biggest hurdle for EV adoption in Vietnam is range anxiety and charging infrastructure. Hung Vu did not wait for public chargers to appear. He ordered the construction of GSM’s private "Battery Hub" stations across 40 provinces. Drivers can swap a depleted battery for a full one in under 10 minutes. This logistics solution is so efficient that other EV owners (non-GSM) now pay to use Hung Vu’s hubs. gsm hung vu

The story of GSM Hung Vu begins in March 2023. At a lavish launch event in Hanoi, Vingroup announced the creation of GSM, with a charter capital of nearly $150 million. The public was skeptical. Vietnam is a kingdom of motorbikes; taxis are a necessity, but electric taxis seemed like a luxury gamble. While competitors like Grab and Be were experimenting

Hung Vu, however, saw an infrastructure loop. VinFast had just begun exporting cars to the US, but the domestic market needed a "living showroom." He argued that the best way to convince Vietnamese people to buy a $40,000 electric car was to let them ride in one for a $2 taxi fare. The biggest hurdle for EV adoption in Vietnam

Under Hung Vu’s directive, GSM ordered 10,000 VinFast cars and 50,000 electric motorbikes (VinFast Feliz and Theon) in the first year alone. His strategy was aggressive: "If the people won’t come to the showroom, the showroom will come to the people."