Hanoi EV Charging Directive Backs V-Green as VIC Builds Low-Emission Zone

Overview

Hanoi’s People’s Committee has issued a directive requiring city departments to accelerate investment in EV charging stations and battery-swap cabinets, expand parking capacity and strengthen public transit connections inside the planned Low Emission Zone on Ring Road 1, with implementation targeted from 2027. The instruction touches the EV charging sector where V-Green, the charging-network company spun out of Vingroup (VIC) in March 2024, operates. VIC closed at VND 232 on 4 November 2026, down 0.73%.

Key Facts

• Văn bản số 22835/VP-NNMT conveys directions from Vice Chairman of the Hanoi People’s Committee Bùi Duy Cường on continuing the Low Emission Zone project within Ring Road 1.
• The directive names the City Police, the Department of Construction, the Department of Industry and Trade, Hanoi Power Corporation (EVNHANOI) and ward-level committees as responsible units.
• Tasks include reviewing and expanding the network of parking lots and vehicle storage points, and adding transit hubs with better public transport links.
• The city requires faster investment in EV charging stations and battery-swap cabinets.
• The Department of Agriculture and Environment must compile unresolved issues under the authority of the Ministry of Public Security and the Ministry of Construction, and draft a submission to both ministries before 10 November 2026.
• The Low Emission Zone is scheduled for rollout in 2027 and subsequent years.
• V-Green (CTCP Phát triển Trạm sạc Toàn cầu V-Green) was established in March 2024 with an initial 90% ownership stake held by billionaire Phạm Nhật Vượng.

What Happened

The Office of the Hanoi People’s Committee issued Document No. 22835/VP-NNMT setting out the directions of Vice Chairman Bùi Duy Cường on continued implementation of the Low Emission Zone project within Ring Road 1. The document assigns the City Police, the Department of Construction, the Department of Industry and Trade, EVNHANOI and ward committees, particularly those inside Ring Road 1, to review and expand parking lots and vehicle storage points. The same units are to study additional transit points and improve connections to the public transport system so residents can move into the inner city more easily.

A separate task is to speed up investment in EV charging stations and battery-swap cabinets, alongside continued expansion of public transport to encourage a shift to green vehicles. The directive states that parking points, charging stations and public transport must be in place for the Low Emission Zone to work, given the high traffic density and travel demand in the area. The city also moved to clear regulatory bottlenecks, with the Department of Agriculture and Environment tasked to consolidate issues falling under the Ministry of Public Security and the Ministry of Construction and to draft a submission to both ministries before 10 November 2026. The document does not disclose budget figures or specific site counts.

Market Context

VIC trades on HOSE and closed at VND 232 on 4 November 2026, down 0.73% on volume of 396,000 shares. The stock has been sensitive to news flow around Vingroup’s broader electric-vehicle ecosystem, which spans automaker VinFast and the charging network now housed in V-Green. Hanoi’s low-emission zone plan sits within a wider national policy push toward greener transport in major cities, and charging infrastructure is the binding constraint on EV adoption in dense urban districts. The directive is administrative rather than financial, so its immediate effect on VIC earnings is indirect.

Strategic Significance

The directive matters less for what it spends than for what it signals: Hanoi is treating charging and battery-swap coverage as a precondition for restricting combustion vehicles inside Ring Road 1 from 2027. For V-Green, a policy-driven buildout inside the capital’s most traffic-dense corridor lowers the customer-acquisition and site-permission costs that normally slow charging-network economics. For VIC, the read-through is indirect but real, since a denser charging footprint supports VinFast vehicle demand in Hanoi and strengthens the ecosystem narrative that underpins the group’s valuation. The main risk is execution: the document sets deadlines for compiling regulatory obstacles, which implies unresolved rules on land, power connections and permitting still stand between the plan and actual construction.

What to Watch

• The submission from the Department of Agriculture and Environment to the Ministry of Public Security and the Ministry of Construction, due before 10 November 2026.
• Any formal announcement of charging-site locations, capacity or investment value for the Ring Road 1 zone.
• V-Green network expansion disclosures, including station counts and capital commitments.
• VinFast delivery volumes in the Hanoi market through 2026 and into the 2027 rollout.
• VIC’s next quarterly earnings release and any commentary on EV ecosystem capex.