Business Daily Media

Men's Weekly

.

VinFast breaks ground on new EV assembly plant in Indonesia

SUBANG, INDONESIA - Media OutReach Newswire - 15 July 2024 - VinFast Auto has officially broken ground on its new electric vehicle assembly plant in Subang, West Java, Indonesia. This strategic move into one of Southeast Asia's most promising EV markets is set to create numerous job opportunities for the local workforce, underscoring VinFast's commitment to expanding its presence in the region and supporting Indonesia's burgeoning electric vehicle industry.



The groundbreaking ceremony of the VinFast electric vehicle assembly factory in Subang, Indonesia was attended by Mr. Moeldoko, Chief of Presidential Staff of Republic Indonesia (white shirt - middle), Mr. Ta Van Thong, Ambassador Extraordinary and Plenipotentiary of Vietnam in Indonesia. (grey shirt - middle), Mr. Temmy Wiradjaja, CEO of VinFast Indonesia (2nd from right) and Mr. Nguyen Duc Thanh, Senior Advisor to the Chairman of Vingroup (3rd from right).
The groundbreaking ceremony of the VinFast electric vehicle assembly factory in Subang, Indonesia was attended by Mr. Moeldoko, Chief of Presidential Staff of Republic Indonesia (white shirt - middle), Mr. Ta Van Thong, Ambassador Extraordinary and Plenipotentiary of Vietnam in Indonesia. (grey shirt - middle), Mr. Temmy Wiradjaja, CEO of VinFast Indonesia (2nd from right) and Mr. Nguyen Duc Thanh, Senior Advisor to the Chairman of Vingroup (3rd from right).

The new VinFast assembly plant, located in the emerging industrial hub of Subang, represents an initial investment of around 200 million USD. The facility will have an annual capacity of 50,000 vehicles, and house several key production areas such as Body Shop, General Assembly Shop, Paint Shop and testing area, etc.

Scheduled to commence operations in Q4 2025, the plant will produce right-hand drive versions of VinFast's e-SUV models, including VF 3, VF 5, VF 6 and VF 7 for the Indonesian market.

The project is anticipated to generate thousands of local jobs, increase the skilled labor rate, and contribute significantly to the economic and social development of the local community. The project is also poised to make a substantial impact on promoting green transportation in Indonesia.

General H. Moeldoko, Chief of Presidential Staff of Republic Indonesia, shared: "VinFast's presence here will not only have a positive impact on the regional economy, but will also provide new job opportunities and improve the welfare of the surrounding community. The Indonesian government heavily encourages foreign investment entering our country, especially in the automotive industry sector. We believe that VinFast presence will bring technological innovation and knowledge transfer that is much needed to increase the competitiveness of the national automotive industry".

Mr. Temmy Wiradjaja, CEO of VinFast Indonesia, remarked: "The groundbreaking event, coming just months after VinFast's official market debut in Indonesia, highlights the company's strategic expansion and competitive drive in the region, marking a key milestone in our strategy to become a leading player in one of the region's most promising electric vehicle markets. We believe this project will demonstrate VinFast's long-term commitment to Indonesia, boosting the electric vehicle sector, supporting economic growth, and enhancing the quality of life for Indonesian."

In parallel with bolstering its global production capabilities, VinFast has swiftly established a robust business presence and increased brand recognition in Indonesia. The company has launched two right-hand drive electric SUV models, the VF 5 and VF e34, opened dealership stores, implemented flexible sales policies including its pioneering battery subscription program.

With a long-term vision, VinFast continues to innovate and strive towards becoming a high-tech industrial leader in Southeast Asia with global influence. Despite the short-term challenges facing the electric vehicle industry, VinFast remains resolute in expanding its footprint in the region, laying a solid foundation for the irreversible growth of electrified transportation.Hashtag: #VinFast

The issuer is solely responsible for the content of this announcement.

About VinFast Auto Ltd.

VinFast (NASDAQ: VFS), a subsidiary of Vingroup JSC, one of Vietnam's largest conglomerates, is a pure-play electric vehicle ("EV") manufacturer with the mission of making EVs accessible to everyone. VinFast's product lineup today includes a wide range of electric SUVs, e-scooters, and e-buses. VinFast is currently embarking on its next growth phase through rapid expansion of its distribution and dealership network globally and increasing its manufacturing capacities with a focus on key markets across North America, Europe and Asia. Learn more at:

News from Asia

Jupiter Neurosciences Launches Nugevia™ Website and Opens Pre-Orders for Groundbreaking Longevity Supplements

Targeting the Multi-Trillion Dollar Longevity MarketHONG KONG SAR - Media OutReach Newswire - 27 August 2025 - Jupiter Neurosciences, Inc. (NASDAQ: JUNS) ("Jupiter" or the "Company"), a clinical-s...

HID Unveils Next-Generation FIDO Hardware and Centralized Management at Scale

The Next Generation of HID’s FIDO Portfolio Features Hardware Authenticators and a Centralized Management Experience that Simplifies Passkey DeploymentHONG KONG SAR - Media OutReach Newswire - 27 ...

Marking 30 Years of Excellence, EtonHouse International Education Group Pledges $3 Million to EtonHouse Community Fund to Strengthen Community Impact

SINGAPORE - Media OutReach Newswire - 27 August 2025 - Marking 30 years of excellence in education, EtonHouse International Education Group, together with E-Bridge Pre-School, has pledged $3 milli...

Trend Micro Named a Leader in Exposure Management by IDC MarketScape

Measurable reduction of operational silos and cyber risk delivered with Trend Vision One™ Cyber Risk Exposure ManagementHONG KONG SAR - Media OutReach Newswire - 27 August 2025 - Trend Micro Inc...

Genius Mind Expands Service Scope Beyond Academics to Include Coding, Financial Literacy, and AI Skills

SINGAPORE - Media OutReach Newswire - 27 August 2025 - Genius Mind, one of Singapore's trusted names in home-based education matching, has announced the expansion of its offerings to include codi...

Better Than Normal Launches Integrated AI Marketing and Coaching System for Singapore’s Service Professionals

SINGAPORE - Media OutReach Newswire - 27 August 2025 - Better Than Normal Pte Ltd, a Singapore-based brand strategy and AI marketing consultancy, is transforming how service-based professionals es...

Atlas Consolidated Secures USD 18.1 Million Series B Funding led by Tin Men Capital to Accelerate Global Adoption of HugoHub

The Asia-based Banking-as-a-Service provider aims to significantly accelerate the growth of HugoHub, Atlas’s modular cloud-native digital banking platform SINGAPORE - Media OutReach Newswire - 27 ...

Together Diamonds Launches in Singapore as the First Keepsake Diamond Atelier for Life’s Milestones, Not Just Memorials

SINGAPORE - Media OutReach Newswire - 27 August 2025 - Together Diamonds, Singapore's first homegrown keepsake diamond atelier, has officially launched with a mission to transform life's mileston...

TCMA leads Thai cement industry to reaffirm climate action leadership towards Net Zero 2050 at 2025 TCMA Technical Conference and Exhibition

BANGKOK, THAILAND - Media OutReach Newswire - 27 August 2025 - Thai Cement Manufacturers Association (TCMA) successfully hosted its flagship event, the "2025 TCMA Technical Conference and Exhibi...

Tanoto Foundation Develops Impactful Future Leaders at Tanoto Scholars Gathering 2025

SINGAPORE - Media OutReach Newswire - 27 August 2025 - High unemployment among educated youth and a lack of leadership readiness are significant challenges on Indonesia's path to its "Golden Indon...

Workplace DMs, Reinvented: Deputy Messaging, Purpose-Built For Shift-Based Teams

Deputy, the global people platform for shift-based businesses, has launched Deputy Messaging, a fully integrated, real-time communication tool designe...

Revolutionizing Fulfillment: How Virtual Warehousing is Changing the Game?

The e-commerce landscape is evolving more rapidly than ever, and the way businesses are managing their fulfillment is also revolutionizing. At the...

SME lender Dynamoney welcomes new CEO, Brett Thomas

Strengthens growth ambitions and signals expanded offering Dynamoney, a leading commercial finance provider for Australian SMEs,  has today appoint...

The cost of ignoring AI governance in business

Artificial intelligence (AI) is no longer the promise of a distant future: it's active, embedded, and already shaping decisions across industries. H...

Quickli launches new SMSF product as free beta for limited time only

The leading technology provider for Australian mortgage brokers, Quickli, has answered the prayers of brokers yet again with the launch of a stand...

Portable Monitors for Coding and Programming Students

Today, coding and programming require more focus and efficiency. But, the most essential thing it demands is ample screen space. Students can stru...

Sell by LayBy