V-Green Partners with VNPT to Deploy 60,000 Battery Swap Cabinets for VinFast EVs

Overview

V-Green, a subsidiary of VinGroup and key partner for VinFast (VFS), has signed a memorandum of understanding with VNPT, Vietnam’s state-owned telecom giant, to deploy charging stations and battery swap cabinets for VinFast electric vehicles across VNPT’s nationwide facilities. The partnership aims to install 60,000 battery swap cabinets in Q2 2026 and plan 150,000 charging ports, significantly expanding VinFast’s charging infrastructure.

Key Facts

• V-Green and VNPT signed an MOU to deploy charging stations and battery swap cabinets for VinFast EVs across all VNPT facilities nationwide.
• The target is to install 60,000 battery swap cabinets for electric motorcycles in Q2 2026.
• The plan includes 150,000 charging ports for electric cars and motorcycles.
• VNPT will provide land, telecom infrastructure, internet connectivity, and SIM data for all charging stations and battery swap cabinets.
• V-Green’s CEO Nguyen Anh Quynh stated the partnership is a key step in expanding green transport infrastructure.
• VNPT’s CEO Huynh Quang Liem emphasized real-time data monitoring to optimize user experience.
• VFS shares closed at VND 12,300 on May 26, 2026, up 1.65% with volume of 1,119,200 shares.

What Happened

V-Green and VNPT have entered into a strategic partnership to accelerate the deployment of VinFast’s EV charging network. Under the MOU, VNPT will make its nationwide facilities available for installing V-Green’s charging stations and battery swap cabinets. VNPT will also participate in construction, installation, and provide telecom infrastructure, internet lines, and SIM data connectivity for all equipment.

The collaboration aims to install 60,000 battery swap cabinets for electric motorcycles in the second quarter of 2026 and plan for 150,000 charging ports for both cars and motorcycles. The partnership is expected to leverage VNPT’s extensive land bank, existing infrastructure, and high-skilled engineering workforce to rapidly expand the network.

Market Context

VFS, listed on the NYSE, closed at VND 12,300 on May 26, 2026, up 1.65% on volume of 1.12 million shares. The stock has been under pressure amid broader EV market concerns, but this infrastructure deal could provide a catalyst. The partnership addresses a key barrier to EV adoption in Vietnam: charging infrastructure. VNPT’s nationwide presence, with offices and telecom towers in all 63 provinces, offers a scalable solution for V-Green’s network expansion.

Strategic Significance

For VinFast, the partnership with VNPT is a strategic move to build out the charging ecosystem without heavy capital expenditure on land acquisition. VNPT’s telecom backbone enables real-time monitoring and data analytics, which can improve network efficiency and user experience. This aligns with VinFast’s strategy to offer battery swapping for electric motorcycles, reducing range anxiety. The deal also strengthens VinGroup’s green mobility ecosystem, potentially driving higher EV sales and aftermarket service revenue.

What to Watch

• Progress on the 60,000 battery swap cabinet installation target by end of Q2 2026.
• Any follow-up agreements detailing financial terms or revenue-sharing models between V-Green and VNPT.
• VinFast’s monthly EV sales data, particularly electric motorcycle sales, to gauge demand impact.
• Expansion of the partnership to include VNPT’s data centers or 5G network for advanced EV services.
• Regulatory updates on EV charging standards and land use for charging stations in Vietnam.