VinFast, the automotive brainchild of billionaire Pham Nhat Vuong, is resolute in its expansion of its electric vehicle ecosystem in Southeast Asia.
On May 9th, 2025, Global Charging Station Development Company V-GREEN announced the signing of a Memorandum of Understanding (MOU) with four strategic partners to deploy a total of 63,000 charging ports dedicated to VinFast electric vehicles in Indonesia. This figure is double their previously announced target. The signing ceremony also affirmed V-GREEN’s determination to expand VinFast’s electric vehicle ecosystem in the region and underscored its appeal to leading names in green transportation.
According to the agreement, V-GREEN and its partners, including Chargecore, Chargepoint, Amarta Group, and CVS, are committed to investing a total of $300 million to develop charging infrastructure in Indonesia. The charging stations will be concentrated in provinces such as Jabodatebek, Bandung, Surabaya, Makassar, Medan, Batam, Bali, and Kalimantan. These projects will kick off in May, and the first charging stations will become operational in June.
In 2025, Chargecore is expected to invest a minimum of $30 million. Meanwhile, Chargepoint, Amarta Group, and CVS will distribute charging stations, with each entity committing to an investment of $5.3 million per year. Regarding the investment structure, V-GREEN will directly invest in 20% of the charging stations, while the remaining 80% will be raised through business cooperation contracts (BCC).
Representatives of VinFast, V-Green, and their partners at the signing ceremony. Image Source: V-Green
In Indonesia, V-GREEN has been operating through a BCC model with leading local partners since entering the market. The company, owned by billionaire Pham Nhat Vuong, aims to establish a particularly attractive investment mechanism for investors, including revenue sharing of 750 rupiah/kWh and a guaranteed profit rate of up to 25% per year for the first three years of the contract. These collaborations not only help V-GREEN rapidly expand its electric vehicle charging network in Indonesia but also underscore the appeal and potential of green transportation in this market of 285 million people.
According to Mai Truong Giang, CEO of V-Green Indonesia, partnering with reputable local entities is a significant step in the company’s global charging station development strategy, addressing the rising demand in the Southeast Asian market.
“With the support of our strategic partners, V-Green and VinFast will successfully establish a modern green transportation ecosystem, contributing to the region’s and the world’s sustainable development goals,” said Mai Truong Giang.
Meanwhile, Chargecore’s co-founder and CEO, John Yan, praised V-Green for its determination, commitment, and well-strategized approach to developing electric vehicle charging infrastructure in Indonesia. He added that the partnership with V-Green brings business efficiency to Chargecore and contributes to promoting green transportation, eliminating barriers to electric vehicle adoption among locals.
As the official distributor of V-Green in Vietnam, Chargepoint’s CEO, Nguyen The Duy, expressed his confidence in the potential for electric vehicle development in Indonesia, which is embracing green and sustainable transportation trends.
Mr. Duy stated, “As the official distributor of V-Green in Vietnam, Chargepoint will continue to support and expand VinFast’s electric vehicle ecosystem in Southeast Asia.”
V-Green Aims for 50,000 Charging Stations in Indonesia
VinFast VF 6 officially launched in Indonesia on May 6th. Image Source: VinFast
The Global Charging Station Development Company V-Green was founded by billionaire Pham Nhat Vuong. Currently, the company has approximately 150,000 charging ports in operation in Vietnam. In the Indonesian market, V-Green aims to develop 50,000 charging stations and 63,000 charging ports this year. As a result, VinFast owners in Indonesia can already access free charging at over 1,000 stations operated by V-Green starting in May.
VinFast has introduced four electric vehicle models, including VF 3, VF 5, VF 6, and VF e34, since entering the Indonesian market over a year ago. On May 6th, 2025, VinFast officially launched the VF 6 in Indonesia, offering a range of incentives for customers purchasing the vehicle before June 30th. Specifically, the compact electric car is available in two versions: Eco and Plus, priced at 384.99 million IDR (approximately $23,400) and 439.6 million IDR (about $26,700) on the road in Jakarta, respectively. According to VinFast, Indonesian customers can expect deliveries from June onwards.
A Venerable Vietnamese Conglomerate Tackles a Crucial Component for VinFast: A Complex Challenge Unveiled.
The accessory that VinFast includes sets it apart from the conventional car offerings.
“Billionaire Pham Nhat Vuong’s Grand Alliance: A Super-Charged Venture with 4 Strategic Partners to Deploy 63,000 Charging Stations Across Indonesia – Aiming for Southeast Asian Dominance.”
The very first charging stations will be operational by June 2025. Marking a significant step forward in the electrification of transportation, offering a glimpse of a future where electric vehicles are the norm.
Vingroup’s Revenue Reaches 84,053 Billion VND in Q1/2025, Surging by 287%
Vingroup Group (HOSE: VIC) has announced its consolidated financial statements for the first quarter of 2025, reporting impressive results with a 287% surge in revenue to VND 84,053 billion and a 68% increase in after-tax profit to VND 2,243 billion compared to the same period last year.
“VinFast: A Mission-Driven Business Venture with a Visionary Billionaire at its Helm.”
Vingroup has released its highly anticipated 2024 Annual Report, titled “The Era of Ascension: Embracing a Green Future.” This theme resonates with the message conveyed by Mr. Pham Nhat Vuong to the company’s shareholders, emphasizing a sustainable and prosperous vision.
Vingroup to Commence Construction of a 13,000 Billion VND Industrial Park in Billionaire Pham Nhat Vuong’s Hometown, with the New VinFast Factory Aims to Roll Out Vehicles Starting September
This project boasts an impressive scale of nearly 1,000 hectares with a total investment of over 13,276 billion VND, including 1,991 billion VND in capital contribution from investors.
