Vingroup launches bus company, will use 3,000 electric buses in Vietnam
VinBus will use 100 per cent electric buses manufactured by VinFast in its bid to build a modern and environmentally-friendly public transport network.
Vietnamese conglomerate Vingroup has announced the establishment of VinBus Transport Service Co., Ltd., as it officially branches into passenger transportation. VinBus will operate completely under the non-profit model in order to contribute to the construction of a civilised and modern public transport system, reducing air and noise pollution for Vietnam’s major cities.
It is expected that VinBus will provide transport services from March 2020, starting in five big cities of Hanoi, Hai Phong, Da Nang, Ho Chi Minh City and Can Tho.
In order to meet the mobility needs of people, contribute to the construction of public transport networks and especially to reduce emissions and noise, VinBus will use 100 per cent electric buses. In the short term, the company will operate 3,000 electric buses produced by VinFast.
At present, the VinFast bus factory is in the process of building and installing its factory system. The establishment of VinBus is the next concrete step in Vingroup’s strategy to develop environmentally-friendly electric vehicles in general, and electric buses in particular.
Regarding business orientation, VinBus will operate under a non-profit model. Accordingly, 100 per cent of the profits will be reinvested by the company to improve service quality, develop the system and expand operations to bring civilised and modern public transport services to a large number of people.
Nguyen Viet Quang, Vice President and General Director of Vingroup, said: “From the start of joining the automobile-motorcycle manufacturing industry, we have determined to develop and disseminate environmentally-friendly electric cars, gradually replacing gasoline vehicles. Vingroup wants to join hands to solve the [sic] air and noise pollution in big cities, contributing to forming civilised habits, creating a fresh and modern living environment for people.”