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[BUSINESS] · Vietnam · 6 sources

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TC Group and VGX partner to develop green transport infrastructure in Vietnam

TC Group and Vietnam Green Energy Infrastructure JSC (VGX) have signed a Memorandum of Understanding (MOU) to develop green transport infrastructure in Vietnam. The partnership focuses on building a network of charging stations and energy solutions to support the growing demand for electric vehicles (EVs).

The collaboration aims to ensure technical compatibility and safety between the electric vehicles distributed by TC Group and the charging systems provided by VGX. Key initiatives include researching technological integration to enhance user experience and developing charging networks within TC Group’s existing distribution and ecosystem infrastructure nationwide.

VGX, a joint venture involving Petrolimex, Xuan Cau Holdings, and Selex Motors, intends to establish a synchronized energy infrastructure across thousands of gas stations and rest stops. This partnership is expected to address current bottlenecks in EV infrastructure and support Vietnam’s transition toward clean energy and electrified transportation.

Entities

Petrolimex · TC Group · Xuân Cầu Holdings