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Vietnam plans to introduce VinBus electric bus service in 2020

Vietnamese conglomerate VinGroup announced the creation of VinBus, a non-profit electric bus service that aims to create a modern public transportation system that reduces emissions and noise, and improves public transport infrastructure. VinBus will be launched in Hanoi, Hai Phong, Da Nang, Ho Chi Minh City, and Can Tho in March 2020. VinBus plans to use up to 3,000 electric buses manufactured by the automotive start up VinFast, another subsidiary of the Group. With charter capital of one trillion VND (42.88 million USD), the Group will reinvest all of its profits back into the company for service and development improvements. The Group plans to expand the service to areas of the country in the future.

VinFast is constructing a factory where the first bus is expected to roll off the assembly line before the year’s end. Supply has been secured through Siemens Vietnam for components and batteries for the electric vehicles will be supplied by a joint venture between VinFast and LG Chem. VinFast also plans to manufacture electric motorcycles, electric vehicles, and motorised vehicles in their Haiphong City facility.

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In charge of this newsletter:
Daniel Herrmann, IKI.vietnam@giz.de
IKI Interface Vietnam
GIZ Office Vietnam
Project “Support to Vietnam for the Implementation of the Paris Agreement II” (VN-SIPA II)

Editor: Tran Xuan Quynh

Photo Credits:
GIZ, GreenYOU, UfU, WWF, baochinhphu, MONRE, UNDP, UNEP, Pixabay

The IKI Vietnam Newsletter is administered by the IKI interface in Vietnam hosted by GIZ. It informs regularly about news of climate change and biodiversity projects in Vietnam financed by the International Climate Initiative (IKI). The International Climate Initiative (IKI) is an important part of the German government’s international climate finance commitment. Since 2022 the IKI is implemented by the Federal Ministry for Economic Affairs and Climate Action (BMWK) in close cooperation with the Federal Ministry for the Environment, Nature Conservation, Nuclear Safety and Consumer Protection (BMUV) and the Federal Foreign Office (AA).

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