12:26 | 17/08/2019 Society
Vingroup has signed a deal with ride-hailing company FastGo to provide 1,500 cars to its drivers in three cities for rent or installment purchase.
|Deputy General Director of Vingroup Vo Quang Hue and CEO of FastGo Nguyen Huu Tuat at the signing ceremony|
Vingroup revealed the deal on Thursday, saying FastGo customers could first ride in five-seater Fadil in Hanoi, Ho Chi Minh City, Da Nang and later in other localities.
CEO of FastGo Nguyen Huu Tuat told VnExpress International that partner drivers could rent a car for VND9 million ($386) a month or buy one in installments with a down payment of 20 percent.
FastGo would also rent a number of Fadil cars, which are small urban crossover utility vehicles (CUV), and recruit drivers to drive them, and the partnership would start next month for a duration of nine months, he said.
The ride-hailing firm plans to add an option in its app for customers to ask for a Fadil. Customers can get a 40 percent discount on a Fadil whereas it is only 15-20 percent otherwise, Tuat added.
VinFast, a unit of conglomerate Vingroup, began delivering the Fadil to customers in June. The company has also introduced a sedan and an SUV.
FastGo became Vietnam’s first home-grown ride-hailing app in June last year, and now has over 1 million regular customers and 100,000 partner drivers.
It is now also active in Myanmar, Indonesia and Singapore and plans to enter Thailand by the end of this year.