Vietnam's V-GREEN signs $300 mln MoU with partners for EV charging ports in Indonesia

V-GREEN, the global electric vehicle (EV) charging station arm of Vietnamese conglomerate Vingroup, on Friday announced the signing of an MoU with four strategic partners to deploy 63,000 VinFast EV charging ports across Indonesia by the end of 2025.

Under the agreement, V-GREEN will collaborate with Chargecore, Chargepoint, Amarta Group, and CVS to implement a project with a total investment of up to $300 million, doubling their previously announced target.

It marks a major step forward in VinFast’s efforts to expand its EV ecosystem and develop green transport infrastructure in Southeast Asia.

The charging stations will be installed across key provinces and cities including Jabodetabek, Bandung, Surabaya, Makassar, Medan, Batam, Bali and Kalimantan.

Installation is scheduled to begin in May 2025, with the first stations expected to become operational in June.

In 2025, Chargecore will invest at least $30 million, while Chargepoint, Amarta Group, and CVS will each contribute approximately $5.3 million.

V-GREEN will invest in around 20% of the stations, with the remainder implemented under business cooperation contracts (BCC), enabling greater private sector participation.

Mai Truong Giang, managing sirector of V-GREEN Indonesia, said partnering with reputable companies in Indonesia marks a significant step in his company's global EV charging network strategy.

With the support of strategic partners, they 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.

Eastablished by VinFast founder Pham Nhat Vuong, V-GREEN has built a network of 150,000 charging ports across Vietnam. It targets 50,000 stations and 63,000 ports across Indonesia by the end of 2025.

Starting this May, VinFast users in Indonesia can charge for free at over 1,000 V-GREEN stations, marking the rollout of its infrastructure to support VinFast’s four EV models and boost its presence in the region’s largest market.