On May 9, 2025, in Jakarta, 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 dedicated charging ports for VinFast electric vehicles in Indonesia in 2025, doubling its previously announced target.
According to the agreement, V-GREEN and its partners – including Chargecore, Chargepoint, Amarta Group, and CVS – commit to investing a total of $300 million to develop charging infrastructure in Indonesia, focusing on provinces such as Jabodatebek, Bandung, Surabaya, Makassar, Medan, Batam, Bali, and Kalimantan. The projects will kick off in May 2025, and the first charging stations will be operational by June.
In 2025, Chargecore plans to invest a minimum of $30 million. Chargepoint, Amarta Group, and CVS will distribute charging stations while committing to investing $5.3 million annually each. Regarding investment structure, V-GREEN directly invests in 20% of the charging stations, while the remaining 80% will be raised through the form of a Business Cooperation Contract (BCC).
In Indonesia, V-GREEN has been implementing the BCC model with reputable local partners since entering the market. The company aims to build a particularly attractive investment mechanism for investors, including revenue sharing of 750 rupiah/kWh and a guaranteed profit margin of up to 25% annually in the first three years of the contract. These collaborations not only help V-GREEN quickly expand its electric vehicle charging network in Indonesia but also affirm the appeal and potential of green transportation in the archipelago.
Mr. Mai Truong Giang, Executive Director of V-GREEN Indonesia, emphasized: “Partnering with reputable partners in Indonesia is an important step in V-GREEN’s strategy to develop a global electric vehicle charging network, especially to meet the growing demand in the Southeast Asian market. We believe that with the accompaniment of strategic partners, V-GREEN and VinFast will succeed in building a modern green transportation ecosystem, contributing to the region’s sustainable development goals and those of the world.”
Mr. John Yan, Co-founder and CEO of Chargecore, shared: “We are thrilled to partner with V-GREEN, a company with determination, commitment, and a well-thought-out strategy for developing electric vehicle charging infrastructure in the Indonesian market. This collaboration will not only bring business efficiency to Chargecore but also contribute to promoting green transportation trends in Indonesia, helping to remove barriers to local people’s transition to electric vehicles and towards a more sustainable future.”
Mr. Nguyen The Duy, CEO of Chargepoint, said: “We strongly believe in the development potential of electric vehicles in Indonesia, a market full of potential and undergoing a strong transformation towards green transportation. As the official distributor of V-GREEN in Vietnam, Chargepoint is proud to continue accompanying the expansion of the VinFast electric vehicle ecosystem in Southeast Asia, with Indonesia being our first destination. This is a clear testament to the long-term commitment and regional vision of Vietnamese enterprises in the field of green transportation.”
Global Charging Station Development Company V-GREEN was founded by VinFast founder Mr. Pham Nhat Vuong. In Vietnam, V-GREEN has affirmed its pioneering position and capacity by operating approximately 150,000 charging ports nationwide and continuously collaborating with many partners to expand its network.
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VinFast is committed to expanding its electric vehicle ecosystem in the Southeast Asian region, and this latest development further emphasizes that determination.
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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.
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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.
