Indonesian President Visits VinFast Manufacturing Complex

On January 13, 2024, Indonesian President Joko 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 Widodo 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 Widodo 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, Indonesian President Joko Widodo 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 1.2 billion USD in Indonesia over the long term. Alongside distributing vehicles imported from Vietnam to Indonesian customers during the initial phase, VinFast will invest 200 million USD to establish an electric vehicle manufacturing plant with a projected production capacity of 30,000 – 50,000 vehicles per year in Indonesia.

In the morning of the same day in Hanoi, President Widodo and Prime Minister Pham Minh Chinh met with businesses which 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 Tbk, the owner of the Gojek transportation services platform.

The cooperation between the three companies aims to promote green transportation in Indonesia by supporting Gojek drivers to switch to using electric vehicles, while offering Indonesian consumers the opportunity to experience 5-star GSM travel service with VinFast’s eco-friendly electric vehicles. Apart from VinFast’s plan, GSM also announced a plan to invest up to 900 million USD in Indonesia in the near future.

By signing an MoU with Gojek, Indonesia’s leading e-commerce and transportation services platform, VinFast and GSM demonstrate their commitment to supporting the Indonesian government’s ambitious goal of reducing transportation emissions. This agreement opens up opportunities for cooperation and marks a significant step for VinFast and GSM in their global market expansion in 2024.