Vietnamese electric-vehicle taxi operator GSM is weighing a Hong Kong listing as it expands beyond Vietnam. (Photo: GSM)
Vietnamese electric taxi operator Green and Smart Mobility JSC (GSM), part of the Vingroup group, is assessing the feasibility of a Hong Kong listing. Reuters cited Vingroup as saying that advisory views have suggested a valuation of around USD 20 billion, although any eventual valuation would depend significantly on the timing of the listing and prevailing market conditions. If the plan moves forward, GSM would become the first Vietnamese company to list in Hong Kong.
GSM operates Vietnam’s largest all-electric taxi fleet, using VinFast vehicles exclusively. The company has since expanded beyond Vietnam into Laos, Indonesia and the Philippines.
