8-11-2023 (JAKARTA) Vietnam’s pioneering electric vehicle (EV) manufacturer, VinFast, is set to invest $1.2 billion in building a plant in Indonesia, as disclosed by the Presidential Chief of Staff of Indonesia, Moeldoko. Construction of the plant is slated to commence as soon as possible, although further details of the plan have not been revealed.
VinFast is one of the leading EV manufacturers in Southeast Asia, with its cars being exported to Europe and America. This investment in Indonesia is expected to help establish an EV ecosystem within the country.
Indonesian media reported that in early September, VinFast’s leadership met with Indonesian Trade Minister Zulkifli Hasan, who expressed his commitment to facilitating the automaker’s operations in the country.
Furthermore, the Secretary General of the Association of Indonesia Automotive Industry (Gaikindo), Kukuh Kumara, confirmed that VinFast had expressed its willingness to join the association and was completing the necessary procedures with the Indonesian government to enter the country’s auto market.
