VinEnergo, the energy arm of Vingroup, has recently provided feedback on the draft decree amending the direct power purchase agreement (DPPA) mechanism and the development of renewable and new energy sources.
Specifically addressing the electric vehicle (EV) charging sector, VinEnergo highlights that the current regulation (requiring grid connections at 22 kV or higher) restricts the participation of EV charging service providers. Most charging stations cannot meet this voltage requirement, hindering the expansion of the charging network and impeding the transition to green energy and sustainable transportation.
VinEnergo proposes allowing electricity buyers in the business and service sectors to participate without the 22 kV voltage requirement when utilizing the national power grid .
In response to VinEnergo’s feedback, the Ministry of Industry and Trade stated that the draft decree has expanded DPPA participation to include entities in industrial zones, economic zones, export processing zones, industrial clusters, high-tech parks, digital technology zones, high-tech agricultural zones, urban areas, and free trade zones.
The Ministry also reported plans to allow retail electricity sellers in urban and free trade zones to engage in direct power purchases exclusively through private grid connections .
At its inception, VinEnergo had a charter capital of 2,000 billion VND. Vingroup contributed 19%, billionaire Pham Nhat Vuong contributed 71%, and his two sons, Pham Nhat Quan Anh and Pham Nhat Minh Hoang, each contributed 5%.
By October 23, 2025, VinEnergo significantly increased its capital from 10,000 billion VND to 28,335 billion VND. Of this, 44.59% (12,133.9 billion VND) was contributed in cash, while other assets accounted for 55.41% (15,701.1 billion VND).
In November 2025, VinEnergo announced that it now has one foreign investor, Dynamic Invest Group Limited, based in Hong Kong, China, holding 5% of its shares (1,416.8 billion VND). This investor has previously been associated with Vingroup’s ecosystem.
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