VinFast-linked taxi firm GSM eyes US, EU expansion ahead of Hong Kong IPO
Vietnamese electric taxi operator Green and Smart Mobility (GSM), backed by VinFast, plans to expand into the U.S. and Europe by 2027, ahead of a 2028 Hong Kong IPO. GSM aims for a $20B valuation, per advisers, and operates a capital-intensive model with company-owned vehicles. VinFast, GSM's partner, sold 200,000 cars in 2023, 11% internationally. Analysts note risks in GSM's expansion strategy.






