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Vietnam EV Charging Infrastructure Market

Vietnam EV Charging Infrastructure Market, valued at USD 1.2 Bn, is growing due to government support, urban development in Hanoi and Ho Chi Minh City, and rising EV demand.

Region:Asia

Author(s):Dev

Product Code:KRAB3063

Pages:85

Published On:October 2025

About the Report

Base Year 2024

Vietnam EV Charging Infrastructure Market Overview

  • The Vietnam EV Charging Infrastructure Market is valued at USD 1.2 billion, based on a five-year historical analysis. This growth is primarily driven by the increasing adoption of electric vehicles, government initiatives promoting sustainable transportation, and rising consumer awareness regarding environmental issues. The market is also supported by investments in infrastructure development and technological advancements in charging solutions.
  • Key cities such as Ho Chi Minh City and Hanoi dominate the market due to their high population density, urbanization, and government support for electric vehicle adoption. These cities are also focal points for infrastructure development, making them attractive for investments in EV charging stations. The growing number of electric vehicles in these urban areas further drives the demand for charging infrastructure.
  • In 2023, the Vietnamese government implemented a regulation mandating that all new residential and commercial buildings include EV charging stations. This regulation aims to enhance the accessibility of charging infrastructure and promote the use of electric vehicles, aligning with the country's commitment to reducing carbon emissions and fostering sustainable urban development.
Vietnam EV Charging Infrastructure Market Size

Vietnam EV Charging Infrastructure Market Segmentation

By Type:The market can be segmented into various types of charging solutions, including AC Charging Stations, DC Fast Charging Stations, Wireless Charging Solutions, Charging Hubs, Mobile Charging Units, and Others. Each type serves different consumer needs and preferences, with AC and DC charging stations being the most widely used due to their efficiency and speed.

Vietnam EV Charging Infrastructure Market segmentation by Type.

The AC Charging Stations segment leads the market due to their widespread availability and lower installation costs compared to DC Fast Charging Stations. AC stations are commonly used in residential areas and workplaces, making them accessible for daily charging needs. However, DC Fast Charging Stations are gaining traction, especially in urban areas, due to their ability to charge vehicles quickly, catering to consumers who prioritize convenience and time efficiency.

By End-User:The market is segmented based on end-users, including Residential, Commercial, Industrial, and Government & Utilities. Each segment has unique requirements and usage patterns, with residential and commercial sectors being the primary drivers of demand for charging infrastructure.

Vietnam EV Charging Infrastructure Market segmentation by End-User.

The Residential segment dominates the market, driven by the increasing number of electric vehicles among households and the growing trend of home charging solutions. Consumers are increasingly investing in home charging stations to facilitate the convenience of charging their vehicles overnight. The Commercial segment follows closely, as businesses recognize the importance of providing charging facilities to attract customers and support their sustainability initiatives.

Vietnam EV Charging Infrastructure Market Competitive Landscape

The Vietnam EV Charging Infrastructure Market is characterized by a dynamic mix of regional and international players. Leading participants such as VinFast, Siemens Vietnam, Schneider Electric Vietnam, ABB Vietnam, EVN (Electricity of Vietnam), Green Energy Solutions, GOGREEN, ChargePoint, Tesla Vietnam, Hyundai Motor Vietnam, Panasonic Vietnam, Nissan Vietnam, BYD Vietnam, TotalEnergies Vietnam, E.ON Vietnam contribute to innovation, geographic expansion, and service delivery in this space.

VinFast

2017

Hanoi, Vietnam

Siemens Vietnam

1993

Ho Chi Minh City, Vietnam

Schneider Electric Vietnam

1995

Ho Chi Minh City, Vietnam

ABB Vietnam

1993

Ho Chi Minh City, Vietnam

EVN (Electricity of Vietnam)

1954

Hanoi, Vietnam

Company

Establishment Year

Headquarters

Group Size (Large, Medium, or Small as per industry convention)

Revenue Growth Rate

Market Penetration Rate

Customer Satisfaction Score

Number of Charging Stations Operated

Average Charging Time

Vietnam EV Charging Infrastructure Market Industry Analysis

Growth Drivers

  • Increasing Government Support for EV Adoption:The Vietnamese government has set a target to have 1 million electric vehicles (EVs) on the road by 2025, supported by a budget of approximately $1.5 billion for EV infrastructure development. This includes incentives such as tax exemptions and subsidies for EV buyers, which are expected to drive the adoption of electric vehicles significantly. The government’s commitment to reducing greenhouse gas emissions by 20% by 2030 further emphasizes the importance of EVs in the national agenda.
  • Rising Environmental Awareness Among Consumers:A survey conducted by the Vietnam Environment Administration in the future indicated that 68% of urban consumers are concerned about air pollution, prompting a shift towards sustainable transportation options. This growing environmental consciousness is driving demand for electric vehicles, which are perceived as a cleaner alternative. The increasing number of EVs is expected to necessitate a corresponding expansion in charging infrastructure, creating a robust market for EV charging solutions.
  • Development of Smart City Initiatives:Vietnam's urbanization strategy includes the development of smart cities, with cities like Ho Chi Minh City and Hanoi investing over $2 billion in smart infrastructure in the future. These initiatives often incorporate EV charging stations as part of their urban planning. The integration of EV charging within smart city frameworks not only enhances accessibility but also promotes the use of renewable energy sources, aligning with Vietnam's commitment to sustainable urban development.

Market Challenges

  • Insufficient Charging Infrastructure Coverage:As of the future, Vietnam had only about 1,000 public charging stations, which is inadequate for the projected growth in EV adoption. The World Bank estimates that at least 10,000 charging stations will be needed by 2025 to support the government's EV targets. This lack of infrastructure poses a significant barrier to consumer adoption, as potential EV owners are deterred by concerns over charging availability and convenience.
  • High Initial Investment Costs:The average cost of installing a public EV charging station in Vietnam is approximately $30,000, which can be a significant barrier for private investors and businesses. Additionally, the high upfront costs associated with EVs themselves, averaging around $40,000, limit consumer access. This financial hurdle is compounded by the need for substantial investment in grid upgrades to support increased electricity demand from charging stations.

Vietnam EV Charging Infrastructure Market Future Outlook

The future of Vietnam's EV charging infrastructure market appears promising, driven by increasing government initiatives and consumer demand for sustainable transportation. As urban areas expand and smart city projects gain momentum, the integration of EV charging solutions will become essential. Furthermore, advancements in technology and renewable energy sources will likely enhance the efficiency and accessibility of charging stations, fostering a more robust EV ecosystem. The collaboration between public and private sectors will be crucial in overcoming existing challenges and capitalizing on emerging opportunities.

Market Opportunities

  • Growth in Renewable Energy Integration:Vietnam aims to increase its renewable energy share to 20% in the future, creating opportunities for EV charging stations powered by solar and wind energy. This integration not only supports sustainability goals but also reduces operational costs for charging station operators, making the market more attractive for investment and development.
  • Partnerships with Private Sector Players:Collaborations between government entities and private companies can accelerate the deployment of charging infrastructure. With over 50% of charging stations expected to be developed by private firms in the future, these partnerships can leverage technological advancements and financial resources, enhancing the overall market landscape and improving service availability.

Scope of the Report

SegmentSub-Segments
By Type

AC Charging Stations

DC Fast Charging Stations

Wireless Charging Solutions

Charging Hubs

Mobile Charging Units

Others

By End-User

Residential

Commercial

Industrial

Government & Utilities

By Application

Public Charging

Private Charging

Fleet Charging

Workplace Charging

By Investment Source

Domestic Investment

Foreign Direct Investment (FDI)

Public-Private Partnerships (PPP)

Government Schemes

By Policy Support

Subsidies

Tax Exemptions

Grants

Regulatory Support

By Charging Speed

Level 1 Charging

Level 2 Charging

Level 3 Charging

By Ownership Model

Publicly Owned

Privately Owned

Hybrid Ownership

Key Target Audience

Investors and Venture Capitalist Firms

Government and Regulatory Bodies (e.g., Ministry of Industry and Trade, Ministry of Transport)

Manufacturers and Producers of EV Charging Equipment

Electric Vehicle Manufacturers

Utility Companies and Energy Providers

Real Estate Developers and Property Management Firms

Automotive Industry Associations

Financial Institutions and Banks

Players Mentioned in the Report:

VinFast

Siemens Vietnam

Schneider Electric Vietnam

ABB Vietnam

EVN (Electricity of Vietnam)

Green Energy Solutions

GOGREEN

ChargePoint

Tesla Vietnam

Hyundai Motor Vietnam

Panasonic Vietnam

Nissan Vietnam

BYD Vietnam

TotalEnergies Vietnam

E.ON Vietnam

Table of Contents

Market Assessment Phase

1. Executive Summary and Approach


2. Vietnam EV Charging Infrastructure Market Overview

2.1 Key Insights and Strategic Recommendations

2.2 Vietnam EV Charging Infrastructure Market Overview

2.3 Definition and Scope

2.4 Evolution of Market Ecosystem

2.5 Timeline of Key Regulatory Milestones

2.6 Value Chain & Stakeholder Mapping

2.7 Business Cycle Analysis

2.8 Policy & Incentive Landscape


3. Vietnam EV Charging Infrastructure Market Analysis

3.1 Growth Drivers

3.1.1 Increasing Government Support for EV Adoption
3.1.2 Rising Environmental Awareness Among Consumers
3.1.3 Expansion of EV Models and Options
3.1.4 Development of Smart City Initiatives

3.2 Market Challenges

3.2.1 Insufficient Charging Infrastructure Coverage
3.2.2 High Initial Investment Costs
3.2.3 Limited Consumer Awareness and Education
3.2.4 Regulatory and Policy Uncertainties

3.3 Market Opportunities

3.3.1 Growth in Renewable Energy Integration
3.3.2 Partnerships with Private Sector Players
3.3.3 Technological Advancements in Charging Solutions
3.3.4 Expansion into Rural Areas

3.4 Market Trends

3.4.1 Shift Towards Fast Charging Solutions
3.4.2 Increasing Use of Mobile Apps for Charging Management
3.4.3 Adoption of Subscription Models for Charging Services
3.4.4 Focus on Sustainable and Green Technologies

3.5 Government Regulation

3.5.1 National EV Strategy Implementation
3.5.2 Incentives for Charging Station Development
3.5.3 Standards for Charging Equipment
3.5.4 Emission Reduction Targets

4. SWOT Analysis


5. Stakeholder Analysis


6. Porter's Five Forces Analysis


7. Vietnam EV Charging Infrastructure Market Market Size, 2019-2024

7.1 By Value

7.2 By Volume

7.3 By Average Selling Price


8. Vietnam EV Charging Infrastructure Market Segmentation

8.1 By Type

8.1.1 AC Charging Stations
8.1.2 DC Fast Charging Stations
8.1.3 Wireless Charging Solutions
8.1.4 Charging Hubs
8.1.5 Mobile Charging Units
8.1.6 Others

8.2 By End-User

8.2.1 Residential
8.2.2 Commercial
8.2.3 Industrial
8.2.4 Government & Utilities

8.3 By Application

8.3.1 Public Charging
8.3.2 Private Charging
8.3.3 Fleet Charging
8.3.4 Workplace Charging

8.4 By Investment Source

8.4.1 Domestic Investment
8.4.2 Foreign Direct Investment (FDI)
8.4.3 Public-Private Partnerships (PPP)
8.4.4 Government Schemes

8.5 By Policy Support

8.5.1 Subsidies
8.5.2 Tax Exemptions
8.5.3 Grants
8.5.4 Regulatory Support

8.6 By Charging Speed

8.6.1 Level 1 Charging
8.6.2 Level 2 Charging
8.6.3 Level 3 Charging

8.7 By Ownership Model

8.7.1 Publicly Owned
8.7.2 Privately Owned
8.7.3 Hybrid Ownership

9. Vietnam EV Charging Infrastructure Market Competitive Analysis

9.1 Market Share of Key Players

9.2 Cross Comparison of Key Players

9.2.1 Company Name
9.2.2 Group Size (Large, Medium, or Small as per industry convention)
9.2.3 Revenue Growth Rate
9.2.4 Market Penetration Rate
9.2.5 Customer Satisfaction Score
9.2.6 Number of Charging Stations Operated
9.2.7 Average Charging Time
9.2.8 Pricing Strategy
9.2.9 Innovation Index
9.2.10 Operational Efficiency Ratio

9.3 SWOT Analysis of Top Players

9.4 Pricing Analysis

9.5 Detailed Profile of Major Companies

9.5.1 VinFast
9.5.2 Siemens Vietnam
9.5.3 Schneider Electric Vietnam
9.5.4 ABB Vietnam
9.5.5 EVN (Electricity of Vietnam)
9.5.6 Green Energy Solutions
9.5.7 GOGREEN
9.5.8 ChargePoint
9.5.9 Tesla Vietnam
9.5.10 Hyundai Motor Vietnam
9.5.11 Panasonic Vietnam
9.5.12 Nissan Vietnam
9.5.13 BYD Vietnam
9.5.14 TotalEnergies Vietnam
9.5.15 E.ON Vietnam

10. Vietnam EV Charging Infrastructure Market End-User Analysis

10.1 Procurement Behavior of Key Ministries

10.1.1 Budget Allocation for EV Infrastructure
10.1.2 Decision-Making Processes
10.1.3 Evaluation Criteria for Suppliers

10.2 Corporate Spend on Infrastructure & Energy

10.2.1 Investment Trends in EV Charging
10.2.2 Budgeting for Sustainability Initiatives
10.2.3 Long-term Contracts with Charging Providers

10.3 Pain Point Analysis by End-User Category

10.3.1 Accessibility of Charging Stations
10.3.2 Reliability of Charging Infrastructure
10.3.3 Cost of Charging Services

10.4 User Readiness for Adoption

10.4.1 Awareness of EV Benefits
10.4.2 Availability of Information and Resources
10.4.3 Perceived Barriers to Adoption

10.5 Post-Deployment ROI and Use Case Expansion

10.5.1 Measurement of ROI Metrics
10.5.2 Expansion into New Use Cases
10.5.3 Feedback Mechanisms for Improvement

11. Vietnam EV Charging Infrastructure Market Future Size, 2025-2030

11.1 By Value

11.2 By Volume

11.3 By Average Selling Price


Go-To-Market Strategy Phase

1. Whitespace Analysis + Business Model Canvas

1.1 Identification of Market Gaps

1.2 Value Proposition Development

1.3 Revenue Streams Analysis

1.4 Cost Structure Evaluation

1.5 Key Partnerships Identification

1.6 Customer Segments Definition

1.7 Channels for Delivery


2. Marketing and Positioning Recommendations

2.1 Branding Strategies

2.2 Product USPs


3. Distribution Plan

3.1 Urban Retail Strategies

3.2 Rural NGO Tie-ups


4. Channel & Pricing Gaps

4.1 Underserved Routes

4.2 Pricing Bands Analysis


5. Unmet Demand & Latent Needs

5.1 Category Gaps Identification

5.2 Consumer Segments Analysis


6. Customer Relationship

6.1 Loyalty Programs

6.2 After-sales Service Strategies


7. Value Proposition

7.1 Sustainability Initiatives

7.2 Integrated Supply Chains


8. Key Activities

8.1 Regulatory Compliance

8.2 Branding Initiatives

8.3 Distribution Setup


9. Entry Strategy Evaluation

9.1 Domestic Market Entry Strategy

9.1.1 Product Mix Considerations
9.1.2 Pricing Band Strategy
9.1.3 Packaging Options

9.2 Export Entry Strategy

9.2.1 Target Countries Identification
9.2.2 Compliance Roadmap Development

10. Entry Mode Assessment

10.1 Joint Ventures

10.2 Greenfield Investments

10.3 Mergers & Acquisitions

10.4 Distributor Model Evaluation


11. Capital and Timeline Estimation

11.1 Capital Requirements Analysis

11.2 Timelines for Implementation


12. Control vs Risk Trade-Off

12.1 Ownership vs Partnerships Analysis


13. Profitability Outlook

13.1 Breakeven Analysis

13.2 Long-term Sustainability Strategies


14. Potential Partner List

14.1 Distributors Identification

14.2 Joint Ventures Opportunities

14.3 Acquisition Targets


15. Execution Roadmap

15.1 Phased Plan for Market Entry

15.1.1 Market Setup Activities
15.1.2 Market Entry Strategies
15.1.3 Growth Acceleration Plans
15.1.4 Scale & Stabilize Initiatives

15.2 Key Activities and Milestones

15.2.1 Milestone Identification
15.2.2 Activity Scheduling

Research Methodology

ApproachModellingSample

Phase 1: Approach1

Desk Research

  • Analysis of government reports on EV infrastructure development in Vietnam
  • Review of industry publications and market analysis reports on EV charging trends
  • Examination of policy documents and regulations related to electric vehicles and charging stations

Primary Research

  • Interviews with key stakeholders in the EV charging infrastructure sector, including government officials
  • Surveys with EV manufacturers and charging station operators to gather insights on market dynamics
  • Field interviews with urban planners and infrastructure developers involved in EV projects

Validation & Triangulation

  • Cross-validation of findings through multiple data sources, including trade associations and market reports
  • Triangulation of qualitative insights from interviews with quantitative data from surveys
  • Sanity checks conducted through expert panel reviews to ensure data accuracy and relevance

Phase 2: Market Size Estimation1

Top-down Assessment

  • Estimation of total addressable market based on national EV adoption rates and projected growth
  • Segmentation of the market by charging station types (fast, slow, and ultra-fast) and locations
  • Incorporation of government incentives and subsidies for EV infrastructure development

Bottom-up Modeling

  • Collection of data on existing charging stations and their utilization rates across major cities
  • Operational cost analysis based on installation, maintenance, and energy consumption
  • Volume x cost calculations to determine revenue potential for charging station operators

Forecasting & Scenario Analysis

  • Multi-factor regression analysis incorporating factors such as EV sales growth and urbanization rates
  • Scenario modeling based on varying levels of government support and consumer adoption rates
  • Development of baseline, optimistic, and pessimistic forecasts through 2030

Phase 3: CATI Sample Composition1

Scope Item/SegmentSample SizeTarget Respondent Profiles
Government Policy Makers100Regulatory Officials, Urban Development Planners
Charging Station Operators80Operations Managers, Business Development Executives
EV Manufacturers70Product Managers, Sales Directors
Energy Providers60Energy Analysts, Infrastructure Development Managers
Urban Infrastructure Developers50Project Managers, Civil Engineers

Frequently Asked Questions

What is the current value of the Vietnam EV Charging Infrastructure Market?

The Vietnam EV Charging Infrastructure Market is valued at approximately USD 1.2 billion, driven by the increasing adoption of electric vehicles, government initiatives for sustainable transportation, and rising consumer awareness regarding environmental issues.

Which cities in Vietnam are leading in EV charging infrastructure development?

What recent regulation has the Vietnamese government implemented regarding EV charging stations?

What types of EV charging solutions are available in Vietnam?

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