O n Jan. 13, President Joko “Jokowi” Widodo, as part of his state visit to Vietnam, visited the VinFast electric automobile and motorcycle manufacturing complex in Hai Phong and received a firsthand look at the Vietnamese brand’s premium electric vehicles. Prior to that, in Hanoi, President Jokowi and Vietnamese Prime Minister Pham Minh Chinh had met with partnering businesses from the two countries, including VinFast and GSM. Vingroup chairman and VinFast Global CEO Mr. Pham Nhat Vuong took the wheel of an electric buggy himself, guiding President Jokowi on a close-up tour of VinFast’s state-of-the-art complex. After touring the complex and learning about VinFast’s electric vehicle lineup, President Jokowi expressed his pleasure at visiting the facility and was impressed with the quality and class of VinFast’s vehicles. The President said that he would create all necessary conditions for VinFast to quickly complete the investment procedures for production and business in the Indonesian market.

As previously disclosed, VinFast plans to invest at least US$1.2 billion in Indonesia over the long term. Alongside distributing vehicles imported from Vietnam to Indonesian customers during the initial phase, VinFast will invest $200 million to establish an electric vehicle manufacturing plant with a projected production capacity of 30,000 to 50,000 vehicles per year in Indonesia.

On the morning of the same day in Hanoi, President Jokowi and Prime Minister Pham Minh Chinh met with businesses that had been investing and operating in the two countries. VinFast and GSM reported to the leaders of the two countries on the signing of a memorandum of understanding (MoU) with Indonesia’s leading technology company PT GoTo Gojek Tokopedia, the owner of the Gojek transportation services platform.

Source: JP