According to the board’s proposal, the addition of new industry groups aims to expand the company’s operations in the upcoming phase. Beyond charging stations, WCS seeks to venture into areas such as mobile charging support services, electric vehicle rescue, charging system installation, advertising, transportation management software, supermarkets, and airline, train, and high-speed rail ticket agencies.
Written shareholder consultation document from WCS. Source: WCS
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Notably, this plan emerges as Ho Chi Minh City intensifies its investment in public charging infrastructure for electric vehicles. The city’s Department of Transportation plans to deploy 25 public charging stations at major bus terminals, including the Western Bus Station, Eastern Bus Station, New Eastern Bus Station, and An Sương Bus Station. The total investment for these stations, implemented by Saigon Transportation Mechanical Engineering Corporation – JSC (SAMCO)—WCS‘s parent company—is estimated at over 800 billion VND. Additionally, 17 other stations will be funded by the Public Transport Management Center with a budget exceeding 1.22 trillion VND.
These charging stations are designed to universal standards, compatible with various vehicle types, including electric buses. By 2030, Ho Chi Minh City aims to convert over 2,700 buses to electric power, necessitating a synchronized charging system to support operations. The city also plans to offer loans covering up to 70% of total investment costs at preferential interest rates—50% of those announced by the Ho Chi Minh City State Financial Investment Company—to encourage businesses to invest in charging infrastructure.
According to the Ho Chi Minh City Department of Transportation, the expansion of the public charging network is expected to lay the foundation for a “green transportation revolution,” bringing the city closer to its sustainable development goals and modernizing its public transport system.
As a subsidiary of SAMCO, WCS holds a distinct advantage in deploying charging stations within bus terminal premises. Thus, this expansion plan not only represents a new direction but also aligns with Ho Chi Minh City’s green infrastructure development strategy.
Are electric vehicle charging stations the next step for WCS? – Photo: Lao động
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In reality, not only WCS but also several major enterprises are entering the charging infrastructure sector. In mid-September, Mobile World Joint Stock Company (MW)—a subsidiary of Mobile World Investment Corporation (HOSE: MWG)—signed a strategic partnership with V-Green Global Charging Station Development JSC to develop a network of charging stations and battery swap cabinets for VinFast vehicles. In 2025, the two companies will deploy 350 electric car charging stations and 1,360 electric motorcycle battery swap cabinets across the Mobile World and Dien May Xanh systems. By 2026, this number is expected to increase by an additional 1,000 stations and 500 cabinets. MWG will also handle installation, maintenance, and repair nationwide.
TMT Motor Joint Stock Company (HOSE: TMT) has established a subsidiary, TMT Electric Vehicle Charging Station Investment and Business JSC, with a charter capital of 100 billion VND. This company aims to sell 3,400 electric vehicles in 2025 and build a minimum of 30,000 charging stations—equivalent to 60,000 charging ports—nationwide by 2030.
Late last year, leaders of Saigon Petrol Joint Stock Company (HOSE: SFC) revealed they are collaborating with VinFast to survey petrol stations for conversion into charging stations, leveraging existing infrastructure.
Strong financial resources are WCS‘s cornerstone for its new development phase. The company currently holds over 322 billion VND in bank deposits, accounting for 86% of total assets, with no debt. In Q3, the company maintained stable operations with a net profit of over 21 billion VND; cumulatively over nine months, this figure reached approximately 65 billion VND, achieving 84% of the annual plan.
Established in 1973 and equitized in 2006, the Western Bus Station is one of SAMCO‘s most efficient units. Beyond its stable business performance, WCS is renowned for its high dividend policy, distributing 16,000 VND per share in 2023, with a planned dividend of 200,000 VND per share for 2024, equivalent to 200% of charter capital.
Mobile World and V-Green Join Forces to Deploy Thousands of Electric Vehicle Charging Points
TMT Invests 98 Billion VND to Establish Electric Vehicle Charging Station Company
Western Bus Station’s Short-Term Holdings Reach Nearly 323 Billion VND
– 18:08 20/10/2025
West Bus Station’s Short-Term Holdings Approximate 323 Billion VND
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