Vietnam’s largest ride‑hailing operator, Green & Smart Mobility JSC, disclosed that it will seek a listing in the second half of 2028. Founder Pham Nhat Vuong, the nation’s wealthiest individual, made the timeline public during a recent briefing. The timing aligns with the country's upcoming securities reforms. An IPO at that stage would place the company among the few Asian mobility firms to go public.

Investors have watched Vuong’s conglomerate diversify from real estate into digital transport, betting that Vietnam’s urban population will continue to swell. A public offering could potentially unlock capital for fleet expansion, technology upgrades and potential regional partnerships. Market watchers anticipate that pricing will reflect both the firm’s rapid growth and the broader appetite for emerging‑market tech listings.

Regulators in Hanoi have signaled willingness to accommodate a domestic mobility IPO, which could set a benchmark for other transport startups seeking listed status. Should the plan proceed, the raise may provide a tangible metric of Vietnam’s private‑sector financing depth ahead of the 2029 fiscal year. The move underscores the sector’s transition from startup to mainstream player.