HANOI: Pham Nhat Vuong, chairman of Vingroup Corp and founder of VinFast, has announced the establishment of V-Green Global Charging Station Development Company.
VinFast said in a statement that V-Green’s mission is two-fold – investing in the development of a comprehensive charging infrastructure system that prioritises supporting VinFast vehicles and propelling Vietnam towards becoming one of the world’s leaders in electric vehicle charging station density.
A spin off from VinFast’s charging station development division, V-Green, majority-owned by Pham with a 90% stake, will operate as a global partner, spearheading the creation of a comprehensive charging network.
This strategic move will allow V-Green to focus solely on infrastructure investment independently from VinFast and enable the Vietnamese electric manufacturer to prioritise market expansion and sustainable development.
To achieve its goal of developing a green ecosystem and contributing to the electric vehicle transition, V-Green will seek better access to and mobilise capital with preferential interest rates. — Viet Nam News/ANN