VinFast kick-starts construction of Indonesia assembly plant

VOV| 15/07/2024 17:21

Vietnam’s leading electric vehicle maker Vinfast on July 15 broke ground on its new electric vehicle assembly plant in Subang of West Java in Indonesia.

With an initial investment of around US$200 million, the facility boasts an annual production capacity of 50,000 vehicles and also houses several key production areas such as a body shop, a general assembly shop, a paint shop, and a testing area.

Scheduled to commence operation in the fourth quarter of 2025, the plant will produce right-hand drive versions of VinFast’s e-sport utility vehicle (SUV) models, including the VF 3, VF 5, VF 6, and VF 7 specifically for the Indonesian market.

The project aims to generate thousands of local jobs, increase the skilled labour rate, and significantly contribute to socio-economic development of the local community in general.

It is also poised to make a substantial impact on promoting green transportation in Indonesia.

General H. Moeldoko, chief of Presidential Staff of Republic Indonesia, shared that VinFast's presence will not only have a positive impact on the local economy, but will also provide fresh job opportunities and improve the welfare of the surrounding community.

He noted that the Indonesian Government heavily encourages foreign investment into its market, especially in the automotive industry.

Moeldoko expressed a belief that VinFast’s presence would help in the technological innovation and knowledge transfer process that is much needed to increase the overall competitiveness of the national automotive industry.

In his opening remarks, Temmy Wiradjaja, CEO of VinFast Indonesia, stressed that the groundbreaking ceremony comes just months after VinFast's official market debut in Indonesia that highlights the company’s strategic expansion and competitive drive in the region. Indeed, it marks a key milestone in the strategy to become a leading player in one of the region’s most promising electric vehicle markets.

VinFast believes the project will demonstrate its long-term commitment to operating in the Indonesian market, boosting the electric vehicle sector locally, supporting economic growth, and enhancing the quality of life for Indonesians, concluded the CEO.

Bài liên quan
  • VinFast to return to Canadian National Exhibition 2024
    VinFast, the electric vehicle (EV) maker of Vietnamese conglomerate Vingroup, continues to be the main sponsor and the only electric vehicle brand at the Canadian National Exhibition (CNE) which is running from August 16 to September 2, Vinfast said on August 15.
  • Đắk Lắk Province urged to maintain momentum for rapid, sustainable growth
    PM Phạm Minh Chính said Đắk Lắk must elevate its status to the national average level, becoming a distinctive and attractive destination for both domestic and foreign tourists.
  • Patience and love
    73-year-old Nguyễn Thị Anh has been running a free class for many years to teach disadvantaged students how to read and write. Even though teaching students with learning difficulties can get very challenging, she takes on this job with a great patience and love.
  • Huge fire breaks out in central Hà Nội
    The building was storing multiple flammable materials such as wood, paint and other construction materials.
  • Patient and love
    73-year-old Nguyễn Thị Anh has been running a free class for many years to teach disadvantaged students how to read and write. Even though teaching students with learning difficulties can get very challenging, she takes on this job with a great patience and love.
  • Ample room remains for Vietnam-China trade, investment cooperation
    There remains ample room for Vietnam and China to cooperate in trade and investment, according to Chinese experts.
  • Logistics firms face global pressure to go green
    Green logistics can help reduce transportation costs and increase efficiency in the supply chain by optimising delivery routes and reducing the number of empty or half-loaded trucks on the road.
Nổi bật Việt Báo
Đừng bỏ lỡ
VinFast kick-starts construction of Indonesia assembly plant
POWERED BY ONECMS - A PRODUCT OF NEKO