Indonesian press: VinFast is laying the foundation for the regional electric vehicle industry
Báo điện tử VOV•17/07/2024
The news that VinFast has started construction on a factory in Indonesia has breathed new life into the country's burgeoning electric vehicle market. The event was viewed positively by Indonesian media as helping to promote automotive technology in the archipelago nation as well as the region. "VinFast is showing a strong commitment" On July 15, VinFast officially started construction on an assembly plant in Subang, West Java, Indonesia. According to the country's press, this is an important milestone for both VinFast and Indonesia. In an article following the event, CNN Indonesia highlighted VinFast's strong commitment to expanding in Southeast Asia, especially in Indonesia, a country poised to become a leading electric vehicle market. "Vietnamese automaker VinFast has shown a strong commitment to expanding its operations in Southeast Asia, especially Indonesia, which is predicted to be one of the most promising electric vehicle markets," CNN Indonesia began its article. The new factory in Subang is a testament to this commitment, strengthening VinFast’s presence in the region.
Indonesian media has high expectations for VinFast
Although not present at the ceremony in person, Indonesian President Joko Widodo still followed the event and expressed his full support for VinFast's investment.
"I fully support VinFast's investment plan in Indonesia. This is a rapidly growing industry, so VinFast's presence in Indonesia will help the electric vehicle ecosystem in Indonesia develop further," Bisnis quoted a post on President Joko Widodo's official social media account. At the groundbreaking ceremony, VinFast also announced VinFast's initial investment in the assembly plant project is about 200 million USD. The factory is expected to have a capacity of 50,000 electric cars/year. This facility will have main production areas such as a body shop, a general assembly shop, a paint shop and a testing area. The factory is expected to start operating in the fourth quarter of 2025, focusing on the right-hand drive version of the VF 3, VF 5, VF 6 and VF 7 models, suitable for the characteristics of the Indonesian market.
Vietnamese electric vehicle brand impresses Indonesian press Speaking to the press at the event, Chief of Staff to the President of Indonesia, General Moeldoko, said that VinFast's presence in Subang will not only have a positive impact on the regional economy but also open up new job opportunities and improve the lives of the surrounding community. "I believe that VinFast's presence will bring about technological innovation and knowledge transfer that is much needed to enhance the competitiveness of the national automotive industry," Kompas quoted Mr. Moeldoko as saying. From there, he hopes that VinFast will make Indonesia a manufacturing hub in Southeast Asia, especially with right-hand drive models, so that the country can become an important partner in the electric vehicle industry. Laying the foundation for the regional electric vehicle industry Besides reporting on the event, Detik, one of Indonesia's leading newspapers, focused on the reasons why VinFast chose Subang as the location for its new factory. While other manufacturers are looking to Cikarang and Karawang, two areas also located in West Java and home to many industrial parks, VinFast has seen the potential of Subang, thanks to its increasingly improved infrastructure and strategic location. "Subang is a very strategic area, not too far from the airport, very close to the seaport, there is also a highway that can bring Jakarta closer to Cirebon... That is why many car companies are converging on Subang," Detik quoted General Moeldoko as saying.
VinFast is praised by international media for its strategic location choice. For his part, VinFast Indonesia General Director Temmy Wiradjaja pointed out that Subang's infrastructure is constantly developing, as well as the high concentration of component manufacturers, opening up great opportunities for cooperation and mutual complementarity. In the context of fierce competition in the electric vehicle market, Mr. Temmy expressed optimism. According to Sindo News, he emphasized: "We are determined to expand our operations in Southeast Asia and lay the foundation for the development of the electric transport industry in this region." Also in the article after the event, many Indonesian newspapers expressed their expectations for VinFast's contribution to technological advancement in the automotive sector, creating a lasting impact on the Indonesian electric vehicle market in particular and the Southeast Asian region in general.
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