Vietnamese electric vehicle manufacturer VinFast intends to establish a factory in Indonesia, announces Industry Minister after meeting with President Joko Widodo.
Industry Minister Agus Gumiwang Kartasasmita disclosed that VinFast, a Vietnamese electric car manufacturer, is poised to establish a factory in Indonesia, with construction slated to commence this year. The announcement came following a meeting between Minister Kartasasmita and President Joko Widodo (Pak Jokowi) in Jakarta on 19 February 2024, where discussions centred on VinFast’s investment plans in the country.
VinFast’s investment hinges on securing suitable land for the factory, according to Minister Kartasasmita, who revealed ongoing negotiations regarding potential industrial sites with the Vietnamese company. Among the locations under consideration are industrial areas in Batang, Central Java, and Karawang, West Java, although no final decisions have been made yet.
The Vietnamese automaker, VinFast, attracted attention during President Jokowi’s visit to the Indonesia International Motor Show (IIMS) on 15 February. Notably, President Jokowi inspected the interior features and steering wheel of a VinFast vehicle on display at the exhibition. VinFast made headlines by unveiling a range of right-hand-drive electric vehicles (EVs) at the event, marking Indonesia as the first recipient of such offerings from the company.
VinFast’s commitment to the Indonesian market was further underscored by its announcement of plans to establish an EV factory in the country, with an anticipated annual production capacity of 50,000 cars. The proposed factory aligns with VinFast’s broader objectives of job creation and bolstering the electric vehicle industry within Indonesia, signaling a significant step forward in the nation’s transition towards sustainable transportation solutions.
As discussions progress between VinFast and Indonesian authorities, anticipation mounts regarding the realisation of the EV factory project, which holds the promise of stimulating economic growth, fostering technological advancement, and promoting environmentally friendly mobility solutions in Indonesia.
Source: Antara News
