VinFast Founder Pham Nhat Vuong Starts EV Charging Station Firm V-Green

By Editor


Pham Nhat Vuong, the founder of Vietnam-based electric vehicle manufacturer VinFast, has launched V-Green, a company dedicated to EV charging infrastructure.

Pham Nhat Vuong has a commanding 90 percent stake in V-Green. The primary mission of V-Green will be prioritizing VinFast vehicles globally.

V-Green, positioned as a global partner, aims to lead the charge in establishing an extensive charging network worldwide.

“V-Green will directly search for land and partners to establish and expand its charging network in key markets of VinFast,” Pham Nhat Vuong said.

VinFast, founded by Pham Nhat Vuong in 2017, has set goals to penetrate at least 50 countries by 2024. Within Vietnam, V-Green assumes responsibility for operating and managing VinFast’s existing charging network. Notably, the company plans to evaluate extending charging services to other EV manufacturers following five years of operational experience.

Committing substantial resources to the initiative, Vuong disclosed plans to invest approximately $404 million over the next two years to establish new charging outlets and enhance existing infrastructure. This significant investment underscores Vuong’s unwavering dedication to accelerating the adoption of electric mobility.

This EV charging venture adds to Vuong’s growing portfolio in the EV sector. Earlier, he launched Green SM, an EV taxi operator, which notably contributed 72 percent of VinFast’s total sales in 2023, solidifying his position as a key player in the global electric vehicle business, Reuters news report said.

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