VinFast will increase investment in Indonesia to up to $1 billion, executive says

Reuters12-15

<a href="https://laohu8.com/S/VFS">VinFast</a> will increase investment in Indonesia to up to $1 billion, executive says

JAKARTA, Dec 15 (Reuters) - Vietnamese electric vehicle maker VinFast VFS.O will increase its investment in Indonesia to up to $1 billion, its local unit chief executive told Reuters on Monday.

The statement came after VinFast Indonesia inaugurated its first manufacturing plant in Indonesia on Monday with production capacity of 50,000 cars per year.

(Reporting by Stefanno Sulaiman; Editing by David Stanway)

((Stefanno.Sulaiman@thomsonreuters.com;))

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