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Just a week following VinFast’s launch of the VF3 in the Indonesian market, and a little over a year since the brand’s establishment, VinFast CEO Pham Nhat Vuong, who also holds the position of Chairman of Vingroup, met with Indonesian President Prabowo Subianto to explore a shared dedication to sustainable growth.
The discussion, which occurred on March 10 during Vietnam’s General Secretary To Lam’s official trip to Indonesia, marked an important milestone in Vingroup’s increasing presence in Southeast Asia’s largest economy.
The talks primarily centered on VinFast’s ambitious plan to create an extensive electric vehicle (EV) ecosystem in Indonesia. With a proposed investment of 4 trillion Rupiah, the company aims to set up an EV assembly plant in Subang, West Java, with a production capacity of 50,000 vehicles annually. This effort is backed by a strategy to roll out up to 100,000 EV charging stations throughout the archipelago, in line with Indonesia’s objectives to become a regional hub for EV production and infrastructure.
Nevertheless, VinFast’s endeavors represent just one element of Vingroup’s broader strategy within Indonesia.
“VinFast has also expressed interest in investing in renewable energy solutions, such as wind and solar power, although these discussions remain in initial stages. Currently, their main focus stays on the electric vehicle sector, which was the primary topic during their dialogue with the President,” remarked Indonesia’s Investment Minister, Rosan Roeslani, in an interview with MetroTV, an Indonesian media outlet.
Vingroup is exploring the feasibility of setting up power generation facilities in West Nusa Tenggara and wind farms in Sulawesi. These ventures aim to utilize Indonesia’s rich natural resources to facilitate a green shift.
According to Jakarta’s Investment Minister, VinFast plans to introduce 100,000 electric vehicle charging stations throughout Indonesia. During the same governmental visit, Roeslani confirmed to Agence France-Presse (AFP) that the deployment of the charging station network would occur gradually, though specific timelines were not disclosed. This initiative demonstrates the EV manufacturer’s strategic expansion into Southeast Asia’s largest economy. Given Indonesia’s extensive nickel reserves, the country is actively advancing its goal to become a crucial regional EV center and a significant player in the global EV supply chain.
The exchange between Subianto and Vuong also highlighted Indonesia’s strategic relevance in Vingroup’s international growth. As the most substantial economy in Southeast Asia and a key participant in the global EV supply chain, Indonesia offers a conducive environment for Vingroup’s innovative efforts. The country’s rich nickel resources, vital for EV battery production, further boost its appeal as a strategic collaborator.
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