Vietnam’s VinFast to Establish EV Assembly Plant in Indonesia This Year
Jakarta. Vietnam-based electric car manufacturer VinFast Auto Ltd. is planning to build an assembly plant in Indonesia, a senior government official said on Monday.
This announcement follows President Joko “Jokowi” Widodo's visit to VinFast's headquarters in Hai Phong a month ago, where he inspected their existing assembly plant.
Industry Minister Agus Gumiwang Kartasasmita said VinFast is currently exploring potential locations in Indonesia to construct the assembly plant, specifically for right-hand drive models catering to the local market.
"They are committed to strengthening their presence here and are looking for a location," Agus said after a meeting with the president to discuss VinFast’s planned investments at the State Palace in Jakarta.
"We have several [automotive] industrial zones such as Batang [Central Java] and Karawang [West Java]. Decisions have yet to be made, but there are options for them," Agus said. "Once the location is finalized, they will materialize the investment, and construction is set to begin later this year.”
During President Jokowi's visit to Vietnam, he met with VinFast Chairman Pham Nat Vuong, expressing full support for the company’s expansion into Indonesia.
"We fully support VinFast's investment plan in Indonesia. They can directly discuss business permits with my ministers," the president said during that time.
VinFast has already established a representative office named VinFast Indonesia. Last month, they unveiled plans to invest $1.2 billion in a new assembly plant, intending it to be a regional production base for right-hand drive electric vehicles.
According to VinFast Indonesia's marketing director, Surachman Nugroho, the Indonesian plant will supply right-hand drive EVs to Thailand, Singapore, Malaysia, and Australia. Additionally, the assembly plant will produce EV batteries and electric scooters.
On its website, VinFast claims to be one of the largest manufacturing plants in ASEAN, with an annual capacity of up to 300,000 cars and 500,000 e-scooters.
Tags: Keywords:
as a preferred
Related Articles
Indonesia Prepares Rp 5 Million Incentive for Electric Motorcycles
Indonesia is preparing a Rp 5 million incentive for electric motorcycles, with the program awaiting a Finance Ministry regulation.
EVs vs. Gasoline Cars: Which Is Cheaper to Own Over 10 Years?
EVs offer lower energy and maintenance costs, but depreciation and battery replacement can shape their 10-year ownership costs.
One in Four New Cars Sold in Indonesia Is Now Electrified
Electrified vehicles now account for more than a quarter of Indonesia's passenger car market, Industry Minister Agus Gumiwang says.
Indonesia Urges Automakers to Accelerate Investment Commitments
Indonesia urged global automakers to accelerate investment and make the country a regional production and export hub.The Latest
Chandra Asri Group Receives Trade Finance Excellence Award, Reinforcing Its Role in Indonesia’s Industrial Development
Chandra Asri Group receives the Trade Finance Excellence Award at CIMB Niaga Business Summit 2026.
AEON MALL Deltamas Brings 11 Sports and Creative Competitions to AEONLYMPIC 2026
AEON MALL Deltamas hosts AEONLYMPIC 2026, featuring 11 sports and creative competitions, with more than 3,100 participants.
Indonesian Stocks Extend Losses for Third Day, Fall 3.64% to 4,996
Indonesian stocks fell 3.64% on Monday, extending losses for a third straight session amid MSCI concerns and tighter trading limits.
Prabowo Calls Meeting on Forest Fires as Haze Reaches Jakarta, Singapore
Prabowo summons senior officials to discuss forest fires as smoke reaches Jakarta and Malaysia pushes for regional action.
Jakarta Outranks Amsterdam in Global Public Transport Survey
Jakarta climbs two places to 15th in Time Out's 2026 public transport survey, with its governor citing better network integration.Most Popular
