VinFast Opens Investment Opportunities in South Sulawesi

KatadataOTO – VinFast is exploring investment opportunities in South Sulawesi to strengthen its position as an electric vehicle manufacturer in the country. The region is considered safe enough to build the business ecosystem desired by the company.

This was stated by Amb Pham Sanh Chau, CEO of VinFast Asia, during a meeting with Fadjry Djufry, Acting Governor of South Sulawesi, in Makassar on Friday (10/01).

"The city of Makassar is very beautiful, so we must preserve it. This hope is in line with the development of an electric vehicle ecosystem in Makassar City," said Amb Pham Sanh Chau, as reported by Antara this afternoon.

Meanwhile, Rahman Arif, President Director of PT Tiran Group, who accompanied the VinFast delegation, revealed that the Vietnamese company is indeed  interested in investing in electric cars in South Sulawesi. This is because they see that electric cars can dominate in the future.

Photo: Antara

Meanwhile, Fadjry Djufry welcomed VinFast's intention to invest in South Sulawesi. The government must certainly provide ease for investors.

"We are very open if any investors want to invest. This will certainly have a domino effect on the welfare of the community, including opening new job opportunities," he affirmed.

It should be noted that VinFast has officially entered Indonesia and plans to be more aggressive in developing the market. The manufacturer sees the country as a very important market given its large population.

They have even started building their factory in the Subang area, West Java. Thus, it is hoped that car prices can be more competitive than importing directly from Vietnam.

Not only that, VinFast has also collaborated with a number of companies to build an electric vehicle ecosystem. One of them is Prime Group to develop a network of electric vehicle charging stations.

Photo: Xanh SM

The two companies plan to build 100,000 VinFast charging stations in Indonesia over the next three years. The total investment required is estimated to reach US$ 1.2 billion or equivalent to IDR 19.1 trillion.

VinFast cars will also be used by the transportation service company Xanh SM as its taxi fleet. This collaboration is certainly interesting as it can prove the vehicle's durability in the eyes of the public.