The company said that the Vinbus Transport Service Co. will operate under a non-profit model, aiming to develop a modern public transportation system that reduces pollution and noise in Vietnam’s major cities.

The company will exclusively produce and run electric buses, it said.

VinBus has a charter capital of VND1 trillion ($42.88 million), and expects to start running bus routes in 5 major cities: Hanoi, Hai Phong, Da Nang, Ho Chi Minh City and Can Tho.

In the short term, the company plans to operate 3,000 electric buses made by VinFast.

At present, the VinFast bus factory is still under construction. German industrial manufacturing giant Siemens has agreed to provide the technology and components to build electric buses here.

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