A VinFast electric car. — VNS File Photo

Chairman of Vingroup Phạm Nhật Vượng announced the establishment of their For Green Future (FGF) Trading and Services Joint Stock Company on Monday.

FGF has a charter capital of VNĐ200 billion (US$8.16 million), of which the chairman holds 90 per cent of the shares.

FGF operates in the field of buying and selling VinFast electric cars and providing electric car rental services.

The company's goal is to become a platform to help develop the used electric car market, bringing peace of mind to VinFast car owners about resale values if needed.

Through FGF, consumers can increase access and convert to electric vehicles with competitive prices and guaranteed quality, contributing to accelerat the green transition process nationwide.

The establishment of FGF is the next step of Chairman Phạm Nhật Vượng in the roadmap to greening traffic in Việt Nam.

Previously, he founded GSM Green and Smart Mobility JSC operating in the field of passenger transportation and V-Green Global Charging Stations Development Joint Stock Company to enhance the ability to experience and use electrical vehicles for a large number of people, contributing to perfect the green transportation ecosystem and promote action to realise the Government's Net Zero commitment by 2050 at COP 26. — VNS