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Stock impact report

VinFast Auto Ltd. (VFS) Scales Up Indonesia Expansion After Plant Launch [Yahoo! Finance]

VinFast Auto Ltd. - Ordinary Shares (VFS) 
Company Research Source: Yahoo! Finance
VinFast Auto Ltd. (NASDAQ:VFS) will boost its investment in Indonesia to up to $1 billion. This announcement follows VinFast Indonesia's inauguration of its first manufacturing plant in Indonesia, with an annual production capacity of 50,000 cars. In light of this, the VinFast Indonesia CEO, Kariyanto Hardjosoemarto, said, “VinFast will continue to increase its investment to $1 billion, with an increase in production capacity to 350,000 per year,” adding that VinFast Auto Ltd. (NASDAQ:VFS) has already invested $300 million in the region. He noted that the plant in Subang, West Java, recently began trial production and is anticipated to run at full capacity in the first quarter of 2026. While it depends on future demand, VinFast's investment in Southeast Asia's largest economy could surpass $1 billion, Kariyanto concluded. Even on its earnings call, management highlighted the company's focus on expanding its international footprint and announced a new vehicle platform for 2026, w Show less Read more
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