Green and Smart Mobility (Green GSM), powered by Vietnam’s VinFast, launched operations on Tuesday in the Philippines with a planned investment of $1 billion, marking VinFast’s formal entry into the local transport market.
The company rolled out an initial fleet of 2,500 all-electric VinFast vehicles in Metro Manila as part of its first phase, backed by a $500-million initial outlay.
“This will be a game-changer for the Philippine public transport. It promises a safer, more convenient, and environmentally friendly commuting experience,” said Frederick D. Go, Special Assistant to the President for Investment and Economic Affairs (SAPIEA), who attended the launch.
The full investment will scale up to $1 billion as operations expand nationwide.
Green GSM is expected to create 20,000 to 70,000 jobs for Filipinos, contributing significantly to public transport modernization efforts and the shift to sustainable mobility under the Electric Vehicle Industry Development Act.
Green GSM will operate a hybrid model allowing both app-based bookings and manual hailing, with drivers working as full-time employees or partners.
Its fleet features the VinFast VF 5, a compact electric vehicle with a 326-kilometer range, advanced safety systems, and modern infotainment features, suited for dense urban centers.
The company’s launch supports the government’s target of 2.4 million electric vehicles on Philippine roads by 2028, as well as initiatives aimed at achieving a 50-percent EV adoption rate by 2040.