Hello there, dear readers! Have I got a piece of news that will tickle your fancy. The Industry Minister of Indonesia, Agus Gumiwang Kartasasmita, has reached out to Vietnamese investors with an invitation to join the eco-friendly revolution in Indonesia. This includes delving into the electric vehicle (EV) sector and the realm of food security.
During a sit-down with Vietnam’s Minister of Industry and Trade, Nguyen Hong Dien, Minister Agus stressed the untapped potential for investment in Indonesia’s sprawling automotive market, which boasts a whopping 19.1 million cars and 128 million motorcycles. Quite the colossal market, wouldn’t you agree?
But wait, there’s more! The cherry on top is VinFast Auto Ltd., an automotive company hailing from Vietnam, gearing up to establish an electric vehicle assembly plant in Bekasi, West Java. Their goal? To turn this facility into a regional epicenter for producing right-hand drive electric vehicles (EVs). How’s that for a thrilling development?
Did you catch wind of this juicy titbit? Indonesia’s investment in Vietnam has already soared to a staggering $651.21 million, with a mind-boggling 120 projects in the mix. Talk about a serious cash flow! At this pace, Indonesia holds the 5th spot among ASEAN countries in terms of investment in Vietnam. On the flip side, Indonesia stands as a prime investment destination for Vietnam in the industrial sector. In 2023, Vietnam’s investment in Indonesia saw a 6.1 percent surge from the previous year, spanning various industries such as paper and printing, as well as basic metals and non-machinery metal products.
What are your thoughts on this magnificent collaboration between Indonesia and Vietnam? Pretty exhilarating, isn’t it? Witnessing countries band together to explore fresh opportunities in the realm of green technology and industry is truly remarkable. Who knows, this might just mark the beginning of a game-changing partnership that propels innovation and progress in these sectors. Anticipating the enchanting developments that will stem from this collaboration. Let’s cross our fingers and keep an eye out for more thrilling updates!
