Electric Vehicle Charging Station Prices: Situation in Vietnam and Development Trends

The price of electric vehicle charging stations in Vietnam is undergoing significant changes due to government adjustments, promoting the strong development of the industry.

Electricity Rates for Electric Vehicle Charging Stations

New electricity rates for electric vehicle charging stations have been adjusted, ranging from 1,565 VND/kWh to 3,835 VND/kWh for medium voltage and above. Notably, peak hours see a significant increase up to 4,298 VND/kWh. This change directly impacts the operation of charging stations and the pricing strategy of companies in the industry.

Under the new regulations from the Prime Minister’s Decision No. 14, electricity rates for electric vehicle charging stations have been officially implemented to better support the development of the electric vehicle industry. This mechanism clearly defines that electric vehicle charging stations no longer apply standard electricity rates but have separate rates based on voltage level and time of use.

• Medium Voltage and Above: The price per kilowatt-hour (kWh) ranges from 1,565 VND to 3,835 VND, depending on off-peak, normal, or peak hours.
• Low Voltage: Rates range from 1,653 VND to 4,298 VND/kWh, depending on the charging time.

This rate is built on a percentage compared to the current average retail electricity price of 2,204.0655 VND/kWh, excluding tax. The highest rate recorded close to 4,300 VND/kWh is part of the charging station pricing strategy to meet the increased demand for energy use for these green vehicles.

The new electricity rate mechanism not only emphasizes appropriate adjustment but also plays a strategic role in promoting investment in the EV charging infrastructure, as well as encouraging the use of environmentally friendly electric vehicles. Setting electricity rates for electric vehicle charging stations is especially important during peak electricity hours when energy demand is high and effective management is needed.

In summary, this unique electricity rate not only reflects smart energy management but also facilitates the sustainable development of the electric vehicle industry in Vietnam.

Development and Investment in Electric Vehicle Charging Stations

Companies are actively investing in electric vehicle charging infrastructure in Vietnam. EV One Equipment & Solutions JSC plans to reach 200 charging stations by 2025, while Charge+ plans to invest in 10,000 charging points, mostly in Vietnam by 2030. This is an indication of the strong development of the electric vehicle charging station market in the region.

The development and investment in electric vehicle charging stations in Vietnam are witnessing strong growth, playing an important role in promoting a trend towards green transportation. As of 2025, Vietnam stands out globally with its charging station density. Currently, there are more than 150,000 public charging ports, indicating that EV charging infrastructure development is increasingly prioritized. Companies like VinFast and V-Green are actively developing this infrastructure to meet the growing demand for electric vehicle adoption.

Companies like TMT Motors are heavily investing in building a network of charging stations with a plan to develop at least 30,000 charging stations over the next five years. Charge+ has also launched a project to develop 5,000 charging points until 2030. Simultaneously, collaborating with Porsche to build 17 high-power DC charging stations along a 1,700km corridor. EVG is participating in the development of a public charging network, providing fast charging solutions with intelligent recognition technology.

The Vietnamese government has taken positive actions to support policies for this market. Charging station policies with special electricity rates for electric vehicle charging stations, from 71% to 195% compared to the average, are a strong impetus to promote the growth of the public charging network. The government is also considering subsidizing electricity for charging stations as part of a strategy to encourage electric vehicle adoption.

The development of a charging station network will cover 63 provinces, including major routes like National Highway 1A, facilitating easier and more convenient access for users. Standardization for different types of charging ports will be crucial to ensure convenient compatibility for electric vehicle adoption. The future of EV charging is not only about domestic network expansion but also requires international cooperation to enhance quality and technology.

Costs and Price Competition of Charging Stations

There is a significant difference in electric vehicle charging prices between fast and slow charging. For example, in the EV One system, the price for slow charging is 7,900 VND/kWh, while fast charging costs 9,900 VND/kWh. The competition among charging stations like PV Oil and EverCharge also reflects the trend of price adjustments to attract customers.

Electric vehicle charging stations play a crucial role in promoting electric vehicle use. Electric Charging Costs depend on the type of station and technology used:

• AC Charging Stations (Wall Charging): Prices range from 200 to 1,000 USD depending on power and features.
• DC Charging Stations (Fast Charging): Costs from 2,000 to 10,000 USD or more, depending on power and brand.
• Level 1 Charging Stations: Cost about 300 USD.
• Level 2 Charging Stations: Costs from 700 USD upwards.
• Level 3 (Commercial) Charging Stations: Costs can reach up to 50,000 USD.

DC fast charging is generally more expensive than AC slow charging due to the complex infrastructure requirements but offers faster charging speeds, creating price competition among charging stations. Prices are also influenced by the trend of rising electric charging costs, with costs at public charging stations around 10,000 VND/kWh while VinFast’s stations have a rate of 3,858 VND/kWh.

Impact of Electric Charging Price Competition

Price competition among charging stations can influence consumer choices in owning electric vehicles. Attractive pricing can drive investment in charging infrastructure, thereby increasing the market penetration of electric vehicles. Conversely, this competition also serves as a motivation to develop new technologies, reducing costs and enhancing the operational efficiency of charging stations.

Looking towards the future trend, as the demand for electric vehicles increases, growth and competition in the charging station market are expected to continue to rise. This will be the foundation for scale expansion and technological innovation in this industry.

The electric vehicle charging station market in Vietnam is entering a phase of strong growth thanks to electricity rate adjustments and long-term investment strategies. This not only opens new business opportunities but also drives the comprehensive development of the electric vehicle industry.

Contact QuangAnhcons, an expert in electric vehicle charging station construction consultation in Vietnam via Hotline: +84 9 1975 8191 to develop potential projects together.

QuangAnhcons provides consulting and construction services for electric vehicle charging stations with deep market insights and development trends in Vietnam, supporting businesses in optimizing investment and operating efficiently.