Four Chinese companies to invest in Indonesia’s EV industry
Four Chinese companies will establish EV-related manufacturing facilities in Indonesia, Pandu Sjahrir, chief investment officer (CIO) of the Indonesia's Daya Anagata Nusantara Investment Management Agency (Danantara) said on Sunday.
Danantara chief investment officer (CIO) Pandu Sjahrir speaks to reporters after attending the Global Business Summit on Belt and Road Infrastructure Investment in Jakarta on May 25, 2025. Photo courtesy of Antara.
At the Global Business Summit on Belt and Road Infrastructure Investment in Jakarta, he also emphasized that Chinese investments are expected to bring more than just financial benefits.
They will also help develop Indonesia’s human capital and technological expertise, Pandu Sjahrir noted.
According to Mahardi Tunggul Wicaksono, director of the Maritime, Transportation Equipment, and Defence Equipment Industry (IMATAP) at the Indonesian Ministry of Industry, several automotive companies from both China and Europe are showing strong interest in exploring investments in Indonesia’s EV and battery sectors.
This growing interest has been partly driven by U.S. import tariffs, which have encouraged companies to shift their strategies, he said, adding that trade tensions like tariff wars do not always result in negative outcomes. In fact, they have spurred a wave of companies to consider relocating or expanding their investments to Indonesia.
The exact value of the potential investment is still under discussion. However, these companies all have long-term plans and are looking to transfer parts of their existing operations to Indonesia.
- Read More
Vietnam’s coffee exports hit $4.2 bln in first 5 months
Vietnam exported over 736,000 tons of coffee in the year to mid-May, earning $4.2 billion, according to Vietnam Customs.
Economy - Mon, May 26, 2025 | 10:26 pm GMT+7
Vietnam, Malaysia, Singapore firms sign deal on clean electricity supply
Leading energy corporations of Vietnam, Malaysia and Singapore have agreed to cooperate in clean electricity production and cross-border supply.
Energy - Mon, May 26, 2025 | 10:04 pm GMT+7
S Korea's KT proposes to establish AI data center in Vietnam
KT, formerly known as Korea Telecom, has proposed to set up an AI data center in Vietnam, which will serve as a strategic hub to develop AI solutions and human resources for the Southeast Asian market.
Industries - Mon, May 26, 2025 | 8:57 pm GMT+7
Chinese firm Livzon spends over $219 mln to acquire 64.8% stake in Vietnam's Imexpharm
A major acquisition of shares in Vietnamese pharma firm Imexpharm is expected to strengthen Livzon Pharmaceutical Group’s international expansion strategy and support its entry into foreign markets.
Companies - Mon, May 26, 2025 | 5:54 pm GMT+7
Vietnam, France exchange cooperation documents on transportation, nuclear power, vaccine
Vietnamese President Luong Cuong and French President Emmanuel Macron on Monday witnessed the exchange of many cooperation documents between the two countries.
Economy - Mon, May 26, 2025 | 4:45 pm GMT+7
VCCI proposes not to exempt goods imported via e-commerce
The Vietnam Chamber of Commerce and Industry (VCCI) has proposed the government implement a comprehensive import tax policy that eliminates exemptions or reductions for goods imported through e-commerce channels.
Economy - Mon, May 26, 2025 | 2:22 pm GMT+7
Bidding process underway for Ca Na LNG-fueled power project in central Vietnam
Companies will submit bids for the Ca Na LNG-to-power project in south-central Vietnam's Ninh Thuan province until June 30, 2025.
Energy - Mon, May 26, 2025 | 12:56 pm GMT+7
Vietnam's top private firm Vingroup proposes $4.5 bln wind power project in HCMC
Vingroup, a leading Vietnamese property developer and carmaker, has proposed to invest in a nearshore wind power project worth $4.5 billion in Can Gio, the only coastal district in Ho Chi Minh City.
Energy - Mon, May 26, 2025 | 8:58 am GMT+7
Vietnam's galvanized steel major Ton Dong A seeks HCMC bourse listing after 2 years of missing out
Profits of Ton Dong A Corporation, a major manufacturer of galvanized steel sheets in Vietnam, have been affected by the declines in overseas market demand due to stricter trade policies.
Companies - Sun, May 25, 2025 | 4:24 pm GMT+7
Vietnam's coffee chain Every Half raised $3 mln in pre-series A funding round
Every Half Coffee Roasters has raised $3 million in its pre-series A funding round, with continued investment from Openspace Ventures and DSG Consumer Partners - two funds that have supported the company since the beginning.
Finance - Sun, May 25, 2025 | 11:32 am GMT+7
Steel giant Hoa Phat to develop $162 mln industrial park in central Vietnam
Hoa Tam Industrial Park Infrastructure Development JSC, a subsidiary of Vietnam’s major steelmaker Hoa Phat Group, will develop the Hoa Tam Industrial Park (IP) first phase in the central province of Phu Yen province, with an investment of nearly VND4.2 trillion ($161.82 million).
Real Estate - Sun, May 25, 2025 | 10:19 am GMT+7
Vietnam’s leading retailer Mobile World posts 13% revenue growth in Jan-Apr
Vietnamese retail giant Mobile World Investment Corp (HoSE: MWG) reported a 13% year-on-year rise in revenue to VND48.6 trillion ($1.77 billion) in the first four months of this year, reaching 32% of its full-year target.
Companies - Sun, May 25, 2025 | 8:00 am GMT+7
Samsung Vietnam seeks VAT refund for HCMC subsidiary
Samsung Vietnam CEO Na Ki-hong brought up the issue of value-added tax (VAT) refunds for Samsung Electronics HCMC CE Complex (SEHC) in Ho Chi Minh City at his working session with Minister of Finance Nguyen Van Thang on Thursday.
Companies - Sat, May 24, 2025 | 2:48 pm GMT+7
Hundreds of wind, solar power investors petition Vietnam authorities to uphold feed-in tariffs
Investors and financial institutions related to 173 wind and solar power projects in Vietnam have called on the government to maintain the feed-in tariffs (FIT) and commercial operation dates (COD) previously recognized.
Energy - Sat, May 24, 2025 | 12:30 pm GMT+7
Why Vietnam struggles to attract private aviation investment
Vietnam’s aviation sector has grown rapidly, but its airport infrastructure struggles to keep up with rising demand, posing challenges for expansion and efficiency, writes Dr Chu Thanh Tuan, associate program manager of the Undergraduate Business Program at RMIT Vietnam.
Consulting - Sat, May 24, 2025 | 8:00 am GMT+7
Sun Group seeks support to accelerate 2 urban area projects in southern Vietnam
Sun Group, a leading real estate developer in Vietnam, on Thursday asked Binh Duong province authorities for more support to speed up its two major urban area projects.
Real Estate - Fri, May 23, 2025 | 11:16 pm GMT+7
