Attention Vietnamese investors, are you ready to embark on a thrilling journey into the realms of electrical vehicles, green industry, and food security opportunities? If so, then Indonesia beckons you with open arms. The Industry Minister of Indonesia, Agus Gumiwang Kartasasmita, is extending a gracious invitation to potential Vietnamese investors to delve into these promising sectors within the vast and enchanting landscape of Indonesia.
The minister is keen to initiate a dialogue with the Ministry of Industry and Trade of Vietnam, with the aim of strengthening this partnership. This is not mere chatter – Agus recently engaged in discussions with Vietnam’s Minister of Industry and Trade, Nguyen Hong Dien, during President Joko “Jokowi” Widodo’s state visit to Vietnam, to explore this thrilling opportunity.
But why Indonesia, you may ask? Firstly, the country boasts an expansive automotive market, with a staggering 19.1 million cars and 128 million motorcycles gracing its roads. The potential for growth in the EV sector is simply immense. As evidence, Vietnam-based VinFast Auto Ltd. is considering Indonesia as the location for its electric vehicle assembly plant in Bekasi, West Java. This establishment is destined to become VinFast’s primary regional production hub for right-hand drive electric vehicles (EVs).
The investment ties between Indonesia and Vietnam are already firmly established, with Indonesia’s investments in Vietnam commanding an astounding $651.21 million (Rp 10.13 trillion) across 120 projects. Indonesia occupies the 5th spot among ASEAN countries in terms of investment in Vietnam, underscoring its pivotal role in the Vietnamese market. Conversely, Indonesia is also a significant investment destination for Vietnam, particularly in the industrial sector, with a 6.1 percent increase in Vietnam’s investment in Indonesia compared to the previous year. This investment encompasses sectors such as paper and printing industries, as well as basic metals, non-machinery metal products, and equipment.
The potential for collaboration and growth between Indonesia and Vietnam knows no bounds. With such promise on the horizon, it’s an exhilarating time for Vietnamese investors to spread their wings and explore fresh opportunities in Indonesia’s burgeoning EV, green industry, and food security sectors. So, if you’re a Vietnamese investor with a keen interest in these promising ventures, Indonesia eagerly awaits your arrival.
