Vingroup chair-backed V-Green, Vikki Bank partner to scale EV charging network in Vietnam
V-Green, an EV charging firm backed by Vingroup chairman Pham Nhat Vuong, has signed a strategic cooperation agreement with Vikki Digital Bank, to accelerate the rollout of electric vehicle charging and battery-swapping infrastructure, as demand for electrified transport gathers pace.
Under the agreement announced on Wednesday, Vikki Bank, wholly owned by HDBank, will provide V-Green access to suitable locations within its operating network to install and operate EV charging stations as well as battery-swapping facilities for electric two-wheelers.
Representatives of V-Green and Vikki Digital Bank sign a cooperation agreement on April 1, 2026. Photo courtesy of V-Green.
The move is aimed at supporting the expansion of user base of VinFast vehicles in Vietnam. VinFast is an EV subsidiary of Vingroup (HoSE: VIC).
In addition, Vikki Bank will offer financial products and services to support V-Green’s capital needs, including investment and operational financing, helping underpin the charging firm’s expansion strategy.
The partnership is also expected to enhance customer traffic at the bank’s locations by integrating EV charging services into its ecosystem.
V-Green currently operates around 150,000 charging points for electric cars and motorbikes across 34 provinces and cities. The company plans to build an additional 99 high-capacity charging hubs nationwide this year, each equipped with up to 100 chargers rated at 150kW, allowing vehicles to recharge in as little as 15 minutes.
Over the longer term, V-Green targets 500,000 charging points in Vietnam within the next three years, alongside plans to expand overseas. The company is also scaling its battery-swapping network for electric motorbikes, a segment seen as critical in a market dominated by two-wheel transport.
The tie-up reflects a broader push to build out supporting infrastructure for Vietnam’s EV transition, where charging accessibility and financing remain key bottlenecks. By combining real estate access with financial backing, the two companies aim to accelerate deployment while improving capital efficiency.
Vikki Bank, formerly DongA Bank, now operates as a wholly owned subsidiary of HDBank following a mandatory restructuring. The lender is associated with Vietjet Air's chairwoman Nguyen Thi Phuong Thao, who serves as its standing vice chair.
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