V-GREEN
signs
a
Memorandum
of
Understanding
(MoU)
with
four
strategic
partners
to
deploy
a
total
of
63,000
dedicated
charging
ports
for
VinFast
electric
vehicles
in
Indonesia
in
2025
Under
the
agreement,
V-GREEN
and
its
four
partners,
including
Chargecore,
Chargepoint,
Amarta
Group,
and
CVS,
will
jointly
invest
a
total
of
300
million
USD
to
develop
EV
charging
infrastructure
throughout
Indonesia,
focusing
on
provinces
such
as
Jabodatebek,
Bandung,
Surabaya,
Makassar,
Medan,
Batam,
Bali,
and
Kalimantan.
The
projects
will
launch
in
May
2025,
with
the
first
stations
scheduled
to
go
online
in
June.
In 2025 alone, Chargecore plans to invest a minimum of 30 million USD, while Chargepoint, Amarta Group, and CVS have each committed to becoming charging ports distributors and investing approximately 5.3 million USD annually. V-GREEN will directly invest in 20% of the stations, while the remaining 80% will be implemented through business cooperation contracts (BCC).
Since its entry into the Indonesian market, V-GREEN has operated under the BCC model in partnership with leading reputable local businesses. The company is offering investors highly attractive terms, including a power purchase rate of 750 rupiah/kWh and a guaranteed annual return of up to 25% during the first three years. These strategic collaborations not only enable V-GREEN to rapidly scale its EV charging network across Indonesia, but also highlight the strong potential of the country’s green transportation sector.
Mr.
Mai
Truong
Giang,
Managing
Director
of
V-GREEN
Indonesia,
said:
“Partnering
with
reputable
companies
in
Indonesia
marks
a
significant
step
in
our
global
EV
charging
network
strategy,
especially
as
we
respond
to
growing
demand
across
Southeast
Asia.
With
the
support
of
our
strategic
partners,
we
are
confident
that
V-GREEN
and
VinFast
will
successfully
build
a
modern
green
mobility
ecosystem
that
contributes
to
the
region’s
and
the
world’s
sustainable
development
goals.”
Mr. John Yan, co-founder and CEO of Chargecore, shared: “We are excited to collaborate with V-GREEN, a company with a clear vision, strong commitment, and well-defined strategy for EV infrastructure development in Indonesia. This partnership not only delivers strong business results for Chargecore, but also supports the nation’s transition to electric vehicles and a more sustainable future.”
Mr. Daniel Nguyen, CEO of Chargepoint, stated: “We have strong confidence in the growth potential of electric vehicles in Indonesia — a promising market that is undergoing a remarkable transition toward greener transportation. As the official distributor of V-GREEN in Vietnam, Chargepoint is proud to continue supporting the expansion of VinFast’s electric mobility ecosystem across Southeast Asia, with Indonesia as our first destination. This marks a clear demonstration of our long-term commitment and regional vision as a Vietnamese enterprise in the green transportation sector.”
Established by VinFast’s founder Pham Nhat Vuong, V-GREEN has built a leading position in Vietnam, operating roughly 150,000 charging ports nationwide. The company continues to grow its network through partnerships and is actively expanding into international markets.
In Indonesia, V-GREEN quickly garnered interest and trust from local and international partners. The company targets 50,000 charging stations and 63,999 charging ports in total nationwide by 2025. As an early step toward that goal, VinFast owners can already charge their vehicles for free at 1,000 V-GREEN-operated stations starting in May.
Currently, VinFast has launched four electric car models—VF 3, VF 5, VF 6, and VF e34—just over a year after entering Indonesia. The rapid expansion of V-GREEN’s charging network will help meet increasing demand for VinFast EVs in the market, provide convenience to local consumers, and contribute to global sustainable development goals.
Hashtag: #VinFast
The issuer is solely responsible for the content of this announcement.
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