VinFast Expands Regional Presence with $1.2 Billion Investment in Indonesian EV Plant

VinFast Expands Regional Presence with $1.2 Billion Investment in Indonesian EV Plant
Vinfast EV

VinFast, Vietnam's pioneer electric vehicle (EV) manufacturer, is set to establish a production facility in Indonesia with an investment of 18.6 trillion Rp (approximately US$1.2 billion), as disclosed by Indonesia's Presidential Chief of Staff, Moeldoko.

During a press conference on Monday, Moeldoko announced that the construction of the plant would commence at the earliest opportunity. However, specific details of the plan were not disclosed.

Being one of the prominent EV producers in Southeast Asia, VinFast has gained recognition for exporting its vehicles to Europe and America. The move to invest in Indonesia is anticipated to contribute to the development of an EV ecosystem within the country, according to Moeldoko.

Reports from Indonesia's media revealed that in early September, VinFast executives engaged in discussions with Indonesian Trade Minister Zulkifli Hasan. The minister assured support to facilitate the operations of the automaker.

Kukuh Kumara, the Secretary General of the Association of Indonesia Automotive Industry (Gaikindo), conveyed in late October to Antara News Agency that VinFast had expressed its interest in joining the association. The manufacturer was in the process of completing necessary procedures with the Indonesian government before making its official entry into the country's automotive market, he added.

Akhyari Hananto

I began my career in the banking industry in 1997, and stayed approx 6 years in it. This industry boost his knowledge about the economic condition in Indonesia, both macro and micro, and how to More understand it. My banking career continued in Yogyakarta when I joined in a program funded by the Asian Development Bank (ADB),as the coordinator for a program aimed to help improve the quality of learning and teaching process in private universities in Yogyakarta. When the earthquake stroke Yogyakarta, I chose to join an international NGO working in the area of ?disaster response and management, which allows me to help rebuild the city, as well as other disaster-stricken area in Indonesia. I went on to become the coordinator for emergency response in the Asia Pacific region. Then I was assigned for 1 year in Cambodia, as a country coordinator mostly to deliver developmental programs (water and sanitation, education, livelihood). In 2009, he continued his career as a protocol and HR officer at the U.S. Consulate General in Surabaya, and two years later I joined the Political and Economic Section until now, where i have to deal with extensive range of people and government officials, as well as private and government institution troughout eastern Indonesia. I am the founder and Editor-in-Chief in Good News From Indonesia (GNFI), a growing and influential social media movement, and was selected as one of The Most Influential Netizen 2011 by The Marketeers magazine. I also wrote a book on "Fundamentals of Disaster Management in 2007"?, "Good News From Indonesia : Beragam Prestasi Anak Bangsa di dunia"? which was luanched in August 2013, and "Indonesia Bersyukur"? which is launched in Sept 2013. In 2014, 3 books were released in which i was one of the writer; "Indonesia Pelangi Dunia"?, "Indonesia The Untold Stories"? and "Growing! Meretas Jalan Kejayaan" I give lectures to students in lectures nationwide, sharing on full range of issues, from economy, to diplomacy Less
View all posts

Thank you for reading until here