VETC Connects 50% of Vietnam’s Multi-Brand EV Chargers in One Month

Vietnam's electric vehicle (EV) infrastructure development is accelerating, with VETC successfully connecting 50% of the country's multi-brand EV chargers in just one month. This significant achievement is expected to strongly boost the EV transition in Vietnam. The expansion of the EV charging network also holds a crucial position in Vietnam's energy policy. As the rapid growth of renewable energy presents challenges in grid stability, the positioning of Battery Energy Storage Systems (BESS) as strategic infrastructure is being strengthened. This move has the potential to open up a multi-billion-dollar market for domestic companies. Specifically, Ho Chi Minh City is mandated to deploy 60 charging stations and 3,000 battery-swap cabinets by the end of April, with plans to expand to 100 stations and 20,000 cabinets by the end of the year. These efforts aim to significantly improve the convenience for EV users in urban areas. Furthermore, FPT Retail is collaborating with V-Green to install VinFast EV chargers and battery-swap stations for electric motorbikes across FPT Shop outlets nationwide. Through franchise agreements and leased spaces, the initiative seeks to broaden the geographical coverage of charging infrastructure. The Vietnamese government is promoting technological innovation and green development, and the expansion of the EV charging network is seen as part of this strategy. Although the domestic EV market is still in its early stages, rapid growth is anticipated due to strong government support and active private sector investment. Information Source: VietnamPlus English