V-Green To Deploy 60,000 VinFast EV Chargers In Indonesia With USD 300 Million Investment

Global EV charging station developer, V-Green has signed Memoranda of Understanding (MOU) with four strategic partners to deploy approximately 63,000 charging ports in total exclusively for VinFast electric vehicles in Indonesia by the end of 2025, more than double the previously announced target.

Under the agreement, V-Green and its four partners, including Chargecore, Chargepoint, Amarta Group, and CVS, will jointly invest a total of 300 million USD to develop EV charging infrastructure throughout Indonesia, focusing on provinces such as Jabodatebek, Bandung, Surabaya, Makassar, Medan, Batam, Bali, and Kalimantan. The projects will launch in May 2025, with the first stations scheduled to go online in June.

In 2025 alone, Chargecore plans to invest a minimum of 30 million USD, while Chargepoint, Amarta Group, and CVS have each committed to becoming charging ports distributors and investing approximately USD 5.3 million annually. V-Green will directly invest in 20 per cent of the stations, while the remaining 80 per cent will be implemented through business cooperation contracts (BCC).

Since its entry into the Indonesian market, V-Green has operated under the BCC model in partnership with leading reputable local businesses. The company is offering investors highly attractive terms, including a power purchase rate of 750 rupiah/kWh and a guaranteed annual return of up to 25 per cent during the first three years.

Mai Truong Giang, Managing Director of V-Green Indonesia, said “Partnering with reputable companies in Indonesia marks a significant step in our global EV charging network strategy, especially as we respond to growing demand across Southeast Asia. With the support of our strategic partners, we 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.”

Established by VinFast's founder Pham Nhat Vuong, V-Green has built a leading position in Vietnam, operating roughly 150,000 charging ports nationwide. The company targets 50,000 charging stations and 63,000 charging ports in total nationwide by 2025. As an early step toward that goal, VinFast owners can already charge their vehicles for free at 1,000 V-Green-operated stations starting in May.

Currently, VinFast has launched four electric car models—VF 3, VF 5, VF 6, and VF e34 - just over a year after entering Indonesia.