Vietnam’s EV maker VinFast to invest 1.2 billion USD in Indonesia
Vietnam's first electric vehicle (EV) maker VinFast plans to build a plant with an investment capital of 18.6 trillion Rp (1.2 billion USD) in Indonesia, according to Presidential Chief of Staff of Indonesia Moeldoko.
Vinfast is one of the largest EV manufacturers in Southeast Asia. (Photo: VNA)
Jakarta (VNA) – Vietnam's first electricvehicle (EV) maker VinFast plans to build a plant with an investment capital of18.6 trillion Rp (1.2 billion USD) in Indonesia, according to PresidentialChief of Staff of Indonesia Moeldoko.
Moeldoko told a press conference on November 6 that theconstruction will begin as soon as possible. He, however, did not reveal furtherdetails of the plan.
Vinfast is one of the largest EV manufacturers inSoutheast Asia, with its cars exported to Europe and America, the official said, adding itsinvestment in Indonesia can help form an EV ecosystem in the country.
Indonesia’s media reported that in early September,Vinfast leaders had a meeting with Indonesian Trade Minister Zulkifli Hasan whopledged to facilitate the automaker’s operation.
Secretary General of the Association of IndonesiaAutomotive Industry (Gaikindo) Kukuh Kumara told Indonesia’s Antara News Agencyin late October that Vinfast has discussed and expressed its willingness tojoin the association.
The manufacturer is completing necessary procedureswith the Indonesian government before officially entering the country’s automarket, he said./.
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Vinfast is one of the largest EV manufacturers in Southeast Asia. (Photo: VNA) 
