A Vingroup charging station located in Long Biên District in the outskirts of Hà Nội. — Photo courtesy of VìnFast

V-GREEN Global Charging Station Development JSC Wednesday became the first firm in Việt Nam to introduce a franchise model for electric vehicle charging stations.

This initiative marks a significant step forward in the country's green transformation and opens up a promising new business sector.

The V-GREEN franchise model operates on a 'collaborative approach', inviting premises owners across the nation to join in this venture. These franchise stations will cater to VinFast electric car and motorbike owners, with projections aiming for 300,000 cars and one million motorbikes by 2025.

V-GREEN offers a revenue-sharing commitment of VNĐ750 per kWh of charging electricity, guaranteed for at least 10 years. Franchisees will benefit from V-GREEN's full support in technology, operations, revenue management, maintenance and marketing. V-GREEN pledges compensation if it ceases operations before the end of the 10-year term.

Aligned with the 'Fierce Vietnamese Spirit - For a Green Future' campaign, V-GREEN is dedicated to partnering with businesses to accelerate the establishment of green charging infrastructure throughout Việt Nam. — VNS