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Vietnam: A new electric-bike service

Green and Smart Mobility – GSM, the leading electric bike and car service provider in Vietnam, is introducing an Uber-like service using electric bikes in Vietnam.


After electric taxis, Green and Smart Moving Joint Stock Company - GSM is planning to launch delivery and travel services by electric motorbikes in Vietnam. This information was widely shared by drivers on social networking sites in mid-July 2023.


electric bike vietnam
source: the internet

According to information shared on GSM's fanpage, the company plans to recruit 20,000 drivers in the near future to serve customers and aims to be present in 27 provinces and cities. According to the recruitment information, drivers providing GSM's electric motorbike service will have advantages such as not needing to own a vehicle (vehicle provided by VinFast), flexible working time, and other advantages and benefits like attractive bonus policies.

electric bike app vietnam
The app shows the coming functions of electric bike, taxi to airports and delivery (source: the internet)

According to information on GSM's website, the company's electric taxi service has been available in 9 provinces and cities. Most recently, the service was provided for the first time in Hung Yen, just a week after being launched in Ha Long (Quang Ninh), and reached the milestone of 1 million trips after 10 weeks of operation.


According to the Ministry of Industry and Trade, with a revenue of about 2.4 billion USD in 2021 and the average growth rate of about 30-35% per year in the period from 2015 to now, the technological ride-hailing service n Vietnam has great potential, attracting huge investments from foreign investors. In February 2014, Grab first entered in Vietnam under the name GrabTaxi, but it was not until 4 months later, when Uber officially joined, the boom in the ride-hailing market really began in Vietnam. After only a few years, ride-hailing, delivery, and food-ordering applications have become widely popular for the majority of people in big cities in Vietnam. According to data from the Department of Transportation (Ministry of Transport), after many years of development, the online car-hailing market in Vietnam has had the participation of about 20 different platforms with about 67,000 taxis and 90,000 contract vehicles registered for business. According to Statista data in 2020, the total market share of the 3 largest enterprises in the online ride-hailing market in Vietnam, including Grab, Gojek and Be, reached nearly 99%, thus, the rest is shared among about 17 local ride-hailing apps. According to a survey by Q&Me published in June 2021, based on the number of customers using the two-wheeler service in Vietnam, Grab accounts for about 60% of the market share, Gojek accounts for 19%, and Be accounts for 18%. With cars, Grab's market share is overwhelming with 66%, Be accounts for 22% and the rest is divided among other applications.


Source: the Internet

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