En Vang accelerates shift to electric vehicles

At the environmental, social, and governance (ESG) conference held by VIR in collaboration with WBS Solution and System Co., Ltd. on May 23, Nguyen Van Dinh, chairman of the Board of Directors and director of En Vang International JSC, delved into this transformative journey.

En Vang is always looking for an effective means of doing business and contributing to the community.

During trips to the United States and China, he witnessed the popularity of EVs and wished to adopt the green mobility solution. However, EV infrastructure remained limited in Vietnam a few years ago, making this dream infeasible, he said.

COP26 marked an important turning point for En Vang when shareholders agreed to stop investing in petrol-powered vehicles and switch to EVs for the company’s business operations.

“The company has signed a cooperation agreement with VinFast to facilitate the goal. We also aim to cut other expenses because EVs are more economical than gasoline-powered vehicles,” he said.

In addition, this move will help the company contribute to protecting the environment.

"As a transport business, it is common for us not to face a polluted environment daily. It is imperative to make change for a better environment," he added.

With a fleet of EVs, the company records a positive customer experience and a safe operation process. Operating costs are 20–30 per cent cheaper than the cost of petrol cars. Warranty and maintenance costs are also affordable.

According to Dinh, the northern port city of Haiphong is encouraging businesses to pioneer sustainable development without specific support incentives. Thus, the company is applying the fares for EVs equal to that of petrol vehicles. Hopefully, more support policies will be issued, so businesses can make bold moves to achieve the net-zero goal by 2050.

“Many taxi operators like Mai Linh and Vinasun do not dare investing in EVs. However, I don’t regret switching to EVs. Solar energy, if utilised well, will contribute to reducing costs for EVs. We believe in our choice," Dinh added.

The Sheraton Hotel in Hanoi was host to an environmental, social, and governance (ESG) conference on May 23 with the participation of policymakers and the business community, and in collaboration with VIR and WBS Solution and System Co., Ltd.

Environmental, social, and governance (ESG) considerations have become increasingly integral to investing and corporate strategies across industries, especially the financial sector.

In the landscape of modern business, environmental, social, and governance (ESG) considerations have become key factors shaping corporate strategies and investing decisions. Vietnam stands at a crucial juncture where embracing ESG principles is essential for sustainable development and for maintaining competitiveness in the international market.