V-GREEN, a leading developer of electric vehicle charging stations, has recently signed a franchise agreement with Fast+ to install 5,000 dedicated charging stations for VinFast electric vehicles across Vietnam by the end of 2025. The stations will vary in power output from 7.4 KW to 120 KW, offering a convenient and sustainable energy source for VinFast drivers.
Through this agreement, Fast+ becomes one of V-GREEN’s largest franchise partners. As per the collaboration, Fast+ will install 5,000 AC and DC charging stations provided by V-GREEN, with diverse power outputs, at strategic locations across the country. These include shopping centers, residential areas, public parking lots, and highways, making clean energy more accessible for long-distance travel.
The 5,000 V-GREEN charging stations that Fast+ is set to deploy translate to thousands of charging points, offering unparalleled convenience to VinFast electric vehicle owners in Vietnam. As early as December 2024, Fast+ plans to have at least five large-scale charging stations in operation.
The rapid growth in the number of VinFast electric vehicles has sparked interest from businesses and landowners alike, as the charging station franchise model presents a promising and continuously growing revenue stream. In November 2024 alone, VinFast delivered a record-breaking 16,000 vehicles, bringing the total number of electric cars sold this year to over 67,000. With hundreds of thousands of VinFast electric vehicles already on Vietnamese roads and a steadily growing customer base, the business case for charging stations becomes even more compelling.
Mr. Nguyen Phi Long, Director of Fast+, shared his enthusiasm: “VinFast electric vehicles are leading the market with impressive month-over-month sales growth. Our partnership with V-GREEN not only presents a great business opportunity but also contributes to the promotion of green transportation in Vietnam, aligning with the government’s Net Zero commitment by 2050.”
Mr. Nguyen Thanh Duong, CEO of V-GREEN, echoed these sentiments: “Fast+ is one of our largest corporate partners to date. With their swift deployment, the charging infrastructure for VinFast electric vehicles will expand significantly in the coming months. Our franchise model has proven its effectiveness, attracting the interest of thousands of individuals and businesses. As VinFast continues to thrive, our partners can rest assured that the V-GREEN business model will deliver maximum economic benefits.”
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