Billionaire Pham Nhat Vuong meets with Indonesian President, mentions new investment possibilities

According to Indonesia's Metro TV, the focus of the talks was the electric vehicle industry, developing charging station infrastructure, and opening up the possibility of VinFast investing in a new field of renewable energy.

Mr. Pham Nhat Vuong's VinFast has started construction of a factory in Indonesia and is selling electric vehicles in this country.

At the meeting, billionaire Pham Nhat Vuong expressed to the President of Indonesia his desire to contribute to the strong promotion of green transformation in this country. In response, Mr. Prabowo Subianto and the Indonesian Government pledged to enthusiastically support VinFast's development journey.

According to a report by MetroTV, one of Indonesia's leading media outlets, Indonesia and Vietnam aim to strengthen economic cooperation and raise bilateral trade to 18 billion USD. The automotive industry, led by VinFast, is identified as one of the key areas of cooperation.

Sharing the content of the meeting with the media, Minister of Investment and Industry Rosan Roeslani emphasized that Vietnam is one of the pioneering investment partners that Indonesia especially welcomes in the field of electric vehicles. He said that VinFast has broken ground on a 120-hectare electric vehicle factory in Subang, West Java. The total investment value is expected to be up to 4 trillion Rupiah.

Indonesia's Metro TV channel reported on the meeting between billionaire Pham Nhat Vuong and President Prabowo Subianto.

In the first phase, the factory will have a production capacity of about 50,000 electric vehicles per year.

In addition to the manufacturing plant, VinFast also plans to invest in an electric vehicle charging station infrastructure system in Indonesia. In the first phase, VinFast will deploy 30,000 charging stations nationwide. In the future, VinFast will expand this network to 100,000 charging stations, mainly concentrated on Java Island.

“They will also invest in new renewable energy development plans ,” Metro TV quoted Indonesia’s Minister of Investment and Industry as saying.

The news that VinFast is considering investing in wind and solar power has received much attention from Indonesian media. In addition to MetroTV, Jakarta Globe and energy news site Petromindo have both reported on the matter.

Indonesian media and public opinion in general believe that the private meeting between the Indonesian President and the Vietnamese billionaire not only promotes green transportation but also opens up new opportunities for the green transformation journey of Vingroup and VinFast in this archipelago country.

Source: https://vtcnews.vn/ty-phu-pham-nhat-vuong-hoi-kien-tong-thong-indonesia-de-cap-kha-nang-dau-tu-moi-ar931540.html