Green and Smart Mobility Joint Stock Company (Green SM) announced this information on the National Business Registration Portal. Consequently, in just over three years of operation, the company's charter capital has increased 18-fold.

According to Green SM's announcement, cash and cash equivalents account for 94,72% of its asset structure, with other assets making up the remainder. Following this increase, the ride-hailing company's charter capital now surpasses that of many major players on the stock market, including SHB, HDBank, and PetroVietnam Binh Son Refining and Petrochemical Joint Stock Company.

Green SM electric taxis on the streets of Indonesia. Photo: GSM.

Green SM was founded by billionaire Pham Nhat Vuong in 2023 with an initial charter capital of 3 trillion dong. Initially, the company primarily operated in the taxi and ride-hailing sectors, exclusively using VinFast products. Subsequently, the business expanded into various other services, including food delivery, parcel delivery, inner-city transportation, and electric car and motorbike rentals.

The ride-hailing company has established a presence in 34 provinces and cities nationwide and launched international services in markets such as India, Laos, Indonesia, the Philippines, and Kazakhstan. According to Mordor Intelligence, Green SM surpassed Grab and Be to lead Vietnam's four-wheel ride-hailing segment in Q4/2025, capturing 51,5% of the market share based on gross merchandise value (GMV).

This April, billionaire Pham Nhat Vuong revealed that Green SM is planning an initial public offering (IPO). Pre-listing activities commenced this month. Several consulting firms have previously valued the company at 20 billion USD.

Trong Hieu