Vingroup to develop renewable energy in Indonesia

Vietnam's leading private conglomerate Vingroup on Friday signed an MoU with PT. Sulsel Andalan Energi, an enterprise based in South Sulawesi, Indonesia, on collaboration in developing renewable energy, focusing on large-scale solar power projects.

The signing ceremony, witnessed by South Sulawesi Governor Andi Sudirman Sulaiman, marked a strategic step in Vingroup’s expansion of its green energy pillar, aiming to drive sustainable development in Southeast Asia and strengthen Vietnam’s position on the global clean energy map.

Under the MoU, the two sides will establish a strategic partnership to develop renewable energy projects, particularly solar farms with capacities ranging from 1 MW to 1 GW, both on land and floating installations.

They will also partner in energy storage integration and grid connection studies.

Vingroup will share expertise on emerging green technologies, while PT. Sulsel Andalan Energi will provide regulatory and infrastructure support.

Besides renewable energy, the two parties are actively discussing a range of other potential collaborations.

PT. Sulsel Andalan Energi invited Vingroup to explore partnerships in two smart city initiatives, construction of a new 4 ha hospital, upgrading seven provincial hospitals, and affordable housing developments.

To promote a green urban vision, South Sulawesi authorities are also considering deploying VinFast electric buses, encouraging civil servants to adopt VinFast vehicles, supporting V-Green’s EV charging network, and facilitating the expansion of electric taxi services of Green and Smart Mobility JSC (GSM), a subsidiary of Vingroup.

Andi Sudirman Sulaiman, Governor of South Sulawesi, said Vingroup’s presence will mark a new chapter in the commitment toward a better and more sustainable future. This collaboration also aligns with the country's vision and resonates with the Indonesian President’s 'Asta Cita' initiative on the green economy.

Pham Sanh Chau, Vingroup Asia CEO and CEO of VinFast Asia, stated that the agreement with PT. Sulsel Andalan Energi marks the beginning of a new journey.

Vingroup has identified green energy as one of its strategic pillars. "We are determined to realize not only nationally significant projects but also to expand our global presence, contributing to a better future for generations to come.”

Indonesia is considered one of Southeast Asia’s most promising renewable energy markets, with South Sulawesi offering strong solar radiation ideal for large-scale solar power development, he noted.

The MoU also reflects Vingroup’s broader ambition to expand its ecosystem in Indonesia, he added.

VinFast, an electric vehicle arm of Vingroup, has already entered the Indonesian market with a diverse EV lineup, a sales and after-sales network, and an upcoming assembly plant.

Together with GSM and V-Green, VinFast is building a full ‘For a Green Future’ ecosystem, with a shared vision of making the green transportation revolution more accessible to all.