EV maker VinFast to invest US$1.2bil in Indonesia


Vinfast is one of the largest EV manufacturers in South-east Asia. — VNA

JAKARTA: Vietnam's first electric vehicle (EV) maker VinFast plans to build a plant with an investment capital of 18.6 trillion Rp (US$1.2 billion) in Indonesia, according to Presidential Chief of Staff of Indonesia Moeldoko.

Moeldoko told a press conference on Monday (Nov 6) that the construction will begin as soon as possible. However, he did not reveal further details of the plan.

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Vietnam , Indonesia , Vinfast , EV , cars

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