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 VinFasts state-of-the-art complex. 

After touring the complex and learning about VinFasts electric vehicle lineup, Indonesian President Joko Widodo expressed his pleasure at visiting the facility and was impressed with the quality and class of VinFasts 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.