Vietnam’s Green GSM investing $1 billion in Philippines
Philstar Global
11 June 2025
MANILA, Philippines — Vietnamese electric vehicle (EV) ride-hailing service provider Green and Smart Mobility (Green GSM) is investing $1 billion to support its operations in the Philippines.
The Office of Special Assistant to the President for Investment and Economic Affairs (OSAPIEA) said in a statement yesterday that Green GSM has started its investments in the Philippines with the launch of its taxi and transportation network vehicle service in the country yesterday.
OSAPIEA said the ride-hailing service provider using VinFast electric vehicles is investing $500 million to support the first phase of its operations in the country.
Green GSM has deployed an initial fleet of 2,500 all-electric VinFast vehicles for its operations in Metro Manila.
Apart from the deployment of the initial fleet, the investment is also being used to set up Green GSM’s office, hire employees, construct charging stations and garage for taxis, as well as the purchase of taxi units.
The fleet includes the VinFast VF 5, a compact EV with a range of 326 kilometers, advanced driver-assist systems and modern infotainment features, suitable for the country’s urban centers.
Once fully operational, OSAPIEA said Green GSM is expected to create 20,000 to 70,000 high quality jobs for Filipinos nationwide, with investments reaching a total of $1 billion.
Green GSM will operate through a hybrid model of taxi services, combining manual hailing and bookings made through the app.
“This will be a game-changer for Philippine public transport. It promises not only to modernize our transport system, but more importantly to offer commuters a safer, more convenient and environment-friendly transport option,” SAPIEA Frederick Go said.
Go, along with Transportation Secretary Vince Dizon and Trade Secretary Cristina Roque attended Green GSM’s launch, supporting the government’s push for the adoption of green transport options.
In line with the push for the adoption and development of the EV industry, the government is aiming to see 2.4 million EVs on the road by 2028 to achieve its 50 percent EV adoption rate target by 2040.
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