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VinFast to invest in South Sulawesi
WINDONESIA January 26, 2025
The VinFast e34. (B-Universe/Monique Handa Shafira)
Vietnamese automotive startup VinFast Asia is exploring the potential for investment to South Sulawesi Province. The subsidiary of VinGroup, one of Vietnam's largest private companies, is interested in participating in the Indonesian electric car ecosystem. VinFast's interest was signaled by VinFast Asia Chief Executive Officer Pham Sanh Chau meeting Acting South Sulawesi Governor Fadjry Djufry in Makassar City, South Sulawesi on Jan. 10, 2025.
Pham Sanh Chau expressed his gratitude for the South Sulawesi government's welcome, and said that South Sulawesi is a very safe and beautiful location for building an electric vehicle (EV) business ecosystem.
"Makassar City is very beautiful, so we must maintain it. [The support would be] in line with the development of Makassar City's EV ecosystem," said Pham Sanh Chau.
PT Tiran Group President Director Rahman Arif, who accompanied the visiting VinFast group, conveyed on the purpose of their visit to Makassar City, South Sulawesi that VinFast Asia is interested in investing in EVs with the hope that the South Sulawesi automotive market could be dominated by EVs.
"In addition to the investment system, there are also various ecosystems such as taxis and various other trades," Rahman noted.
Acting South Sulawesi Governor Fadjry Djufry said that the South Sulawesi Provincial Government welcomed VinFast's desire to invest in South Sulawesi, and it will provide convenience for investors who want to invest.
"We are very open for any investors who want to invest [to South Sulawesi]. Of course, this will have a domino effect on the local community's welfare, including the creation of new jobs," he said.
Source: investor.idRelated Articles
