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Vietnamese billionaire expands taxi firm GSM into Southeast Asia, targeting electric vehicle dominance.
Vietnam's billionaire, Pham Nhat Vuong, is expanding his taxi firm, GSM, into Southeast Asia to compete with Grab.
GSM aims to use its taxi business to promote VinFast, its electric car company, as a global brand.
The company plans to invest $1 billion in the Philippines over three years and target 10,000 electric taxis in Indonesia by the end of 2025.
GSM also plans to expand into other Asian countries and services like premium rides and delivery.
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El multimillonario vietnamita expande la compañía de taxis GSM al sudeste asiático, apuntando al dominio del vehículo eléctrico.