Ho Chi Minh City, December 25, 2025 – IDICO Corporation – JSC (HNX: IDC) today signed a Memorandum of Understanding on Strategic Cooperation with VinEnergo Energy JSC, VinFast Trading and Production JSC, V-Green Global Charging Station Development JSC, and Green and Smart Mobility JSC (GSM – Xanh SM). This cross-sector partnership spanning industrial infrastructure, renewable energy, manufacturing and green transportation is expected to accelerate the development of IDICO’s sustainable industrial ecosystem nationwide. 
Research and deployment of green, clean energy projects in IDICO industrial parks
The cooperation with VinEnergo takes place as Vietnam gradually expands the Direct Power Purchase Agreement (DPPA) mechanism to a wider range of participants, helping shape a more competitive and flexible electricity market. Accordingly, IDICO and VinEnergo will jointly research and implement green and clean energy projects through DPPA models combined with Battery Energy Storage Systems (BESS), while also cooperating in investment and operation of electricity retail activities within IDICO’s industrial parks. These solutions aim to optimize electricity costs, enhance the stability of power distribution systems, meet ESG criteria, and progressively establish environmentally friendly industrial park models toward carbon neutrality.
Building a modern green mobility ecosystem in IDICO industrial parks
In parallel, IDICO and VinFast will collaborate on a roadmap to transition from internal combustion engine vehicles to VinFast electric vehicles, through preferential programs for employees and B2B policies for enterprises operating in IDICO industrial parks.
At the same time, IDICO will work with Xanh SM to deploy all-electric transportation solutions, including Green vehicles and electric buses (E-Bus), contributing to the formation of a modern, green mobility ecosystem within the industrial parks.
With V-Green, IDICO will jointly research and deploy charging stations and battery swapping stations for VinFast electric vehicles at its facilities and industrial parks, meeting the rapidly growing charging demand of employees, customers and businesses.
Speaking at the signing ceremony, Ms. Nguyen Thi Nhu Mai, Chairwoman of the Board of Directors of IDICO Corporation, emphasized:“With more than 25 years of experience in developing and operating industrial infrastructure in Vietnam, IDICO has affirmed its pioneering role in building sustainable, environmentally friendly industrial ecosystems, based on the philosophy of ‘Harmony’ and a people-centric approach. The cooperation with VinEnergo, VinFast, V-Green and Xanh SM marks an important step in IDICO’s sustainable development strategy. Through this partnership, IDICO aims to develop modern industrial parks powered by clean energy, green infrastructure and environmentally friendly solutions, meeting the increasingly stringent requirements of both domestic and international investors.”
Representing the four partner companies in Vingroup’s green ecosystem, Mr. Nguyen Anh Khoa, CEO of VinEnergo, shared: “VinEnergo and the green transition ecosystem companies of Vingroup highly appreciate IDICO’s long-term vision and strong commitment to sustainable development. We believe that the integration of green energy and green mobility solutions – from DPPA models and BESS energy storage systems to new energy technologies – will soon be implemented in industrial parks, creating sustainable economic value and making a positive contribution to Vietnam’s energy transition goals.”
The signing ceremony on December 25 not only marks a milestone in the cooperation between IDICO’s industrial ecosystem and partners within Vingroup’s green ecosystem but also reaffirms their shared commitment to accompanying Vietnam’s objectives of green growth and a sustainable energy transition.
