Business

Cooperation agreement inked between Vingroup, FastGo

SGGP
An automotive manufacturer, Vinfast Trading and Production Company Limited, a subsidiary of Vingroup has signed signed a strategic cooperation agreement for using VinFast-branded cars in ride-hailing service with FastGo, a Vietnamese ride-hailing firm.

A cooperation agreement is inked between Vingroup and FastGo. (Photo: Sggp)

A cooperation agreement is inked between Vingroup and FastGo. (Photo: Sggp)

Under the agreement, Vingroup will provide 1,500 Fadil cars to FastGo and their driver partners. In the next stage, the automotive manufacturer will supply high-end models of Lux autos for FastLux ride-hailing service.
Firstly, FastGo will provide transportation services with VinFast cars in Hanoi, Ho Chi Minh City, and Da Nang, then expand its service to other provinces and cities throughout the country.
The agreement between the two sides is the first business cooperation model in the world. It is regraded as a breakthrough of a car manufacturer and a ride-hailing startup in Vietnam and expected to help FastGo to create a different product in the ride-hailing service market.

By TRAN BINH - Translated by Kim Khanh

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