Jakarta, Indonesia – VinFast, a Vietnamese electric vehicle manufacturer, has gotten approval from the Indonesian government regarding its plans to invest in the country. It should be recalled that VinFast plans to invest US$1.2b in the country in the long run.
“We fully support VinFast’s investment plan in Indonesia. You can ask about permits to my minister,” President Joko “Jokowi” Widodo said during a meeting with Pham Nat Vuong, chairman at VinFast during the president’s meeting at the head office of VinFast in Hai Phong City in Vietnam.
The president said that VinFast is one of the fastest-growing automotive companies. He also expressed hope that the investment can improve Indonesia’s EV ecosystem and be linked with EV battery industry.
“We expect–as I’ve mentioned before–the ecosystem to be established immediately. [The] chairman of VinFast has confirmed that construction works will start immediately,” he added.
After that meeting, President Jokowi visited VinFast electric vehicle manufacture and observed the assembly process including installation of electric car battery.
It is also worth mentioning that VinFast is also set to build its first plant in Indonesia by 2026.
