News - Ahead of Indonesian Independence Day, Investment of Rp3.23 T PLN ULP Subang Supports Vinfast Automobile to Build Listei Vehicle Factory in Subang

Ahead of Indonesian Independence Day, Investment of Rp3.23 T PLN ULP Subang Supports Vinfast Automobile to Build Listei Vehicle Factory in Subang

Jul, 30 2024

Vietnamese electric car manufacturer VinFast Auto officially started building its first electric vehicle assembly plant in Indonesia marked by the groundbreaking ceremony in Subang, West Java, by Presidential Chief of Staff Mr. Moeldoko.

PT Vinfast Automobile Indonesia applied for 30,000,000 VA of new electricity at the location of the electric vehicle production plant in Cibogo Village, Cibogo District, Subang Regency, West Java.

VinFast is a member of VinGroup, one of Asia's largest multi-industry private economic groups. VinFast Indonesia CEO Temmy Wiradjaja stated that with the philosophy of “Putting customers at the center”.

Vinfast conducts continuous innovation in creating classy products, providing satisfaction for its customers, and is ready to lead the electric vehicle revolution.

This is in line with one of PLN's missions, which is to make electricity a medium to improve the quality of people's lives.

“We held this groundbreaking event just a few months after VinFast officially established its presence in Indonesia, marking an important milestone in our strategy to become a leading player in one of the most promising electric vehicle markets in the region,” Temmy said.

The plant will operate with an annual production capacity of 50,000 vehicles and include several key production areas such as Body Shop, General Assembly Shop, Paint Shop and testing area, among others.

The initial electricity demand should be around 18.16 MW in early May 2025 to support the operation of the company.

PLN UP3 Purwakarta Manager Grahaita Gumelar enthusiastically welcomed Vinfast Indonesia's investment in building an electric vehicle factory in Subang, Gumelar also said that he would support the electricity needs for the operation of the electric vehicle industry.

“PLN is very enthusiastic to support the electricity supply of PT Vinfast Indonesia which has invested in the production of electric vehicles in Subang, we are committed to supporting business development and providing satisfactory service to Vinfast Indonesia. We hope this can increase electricity sales and support economic improvement.” Gumelar said.

The project is expected to absorb thousands of local jobs and contribute significantly to the economic and social development of the local community.

It is considered ready to have a major impact in encouraging environmentally friendly transportation in Indonesia.

Susiana Mutia, General Manager of PLN West Java Distribution Unit Induk, expressed her full support for the economy of West Java province.

She also said that PT Vinfast Indonesia's large investment in disubang, which produces electric vehicles, will be given the best electricity service from PLN so that it can support industrial operations.

“Full support is given by PLN UID Jabar in the development of the Indonesian economy, with the large investment of PT Vinfast Indonesia is expected to boost the electric vehicle sector further and realize an environmentally friendly future when everyone can enjoy access to smart, safe, and environmentally friendly electric vehicles.” Susi said.

“The increase in the electric vehicle sector is expected to increase economic growth, and improve the quality of life of the Indonesian people in the future,” Susi concluded.

SOURCE

Distribution of Foreign Investment in 2023, Mostly Entering West Java

According to data from the Investment Coordinating Board (BKPM), throughout 2023 Indonesia will receive foreign investment realization of around US$50.27 billion. The largest portion of foreign investment (PMA) went to West Java, with a value of US$8.28 billion or 16.5% of the total FDI. Apart from West Java, other provinces in the top 3 are Central Sulawesi and North Maluku with details of PMA values as shown in the graph. Meanwhile, according to Katadata Insight Center (KIC) and Grant Thornton, the top 3 provinces on this list have benefited from foreign investment related to the electric vehicle industry. In the Unraveling Indonesia's Prospects in 2024 report, KIC-Grant Thornton said there were several battery factories being developed in West Java. "One of them is the PT HKML Battery Indonesia factory in Karawang, which is one of the largest electric vehicle battery producers in Southeast Asia," they said. KIC-Grant Thornton also said that foreign investment in Central Sulawesi and North Maluku mainly goes into the nickel sector, a raw material for making batteries. "Because nickel is a key strategic sector, North Maluku is likely to continue to benefit from development of this sector in the medium and long term," wrote KIC-Grant Thornton in its report. "Similar to North Maluku, Central Sulawesi has also benefited from large investments in nickel mining and related manufacturing activities," they said. (SOURCE)

Mar, 14 2024

Investors will invest more than IDR 12 trillion in Bogor Regency during 2023

METROPOLITAN.id - No less than IDR 12 Trillion of investment has been entered into Bogor Regency over the past year. This achievement makes Bogor Regency ranked third in West Java for investment realization in 2023. Head of the Bogor Regency Investment and One-Stop Integrated Services Service (DPMPTSP), Irwan Purnawan, said that the investment realization of IDR 12 trillion had exceeded the target set for 2023, namely IDR 9 trillion. "Investment realization could increase. Because the latest data only reaches the third quarter or September 2023. It will be recapitulated again at the end of the fourth quarter," said Irwan Purnawan. Irwan explained that Domestic Investment (PMDN) still dominates in Bogor Regency with an investment value of more than IDR 8.8 trillion. Meanwhile, Foreign Investment (PMA) is around IDR 3.16 trillion. Apart from that, the realization of investment which has exceeded the target was also accompanied by employment in Bogor Regency which reached 23,537 people. Overall, investment realization for both PMA and PMDN in 27 cities/districts throughout West Java based on the Investment Activity Report (LKPM) for the period January - September 2023 is more than IDR 153.2 trillion with a workforce absorption of 192,414 people. "Of this amount, Bogor Regency contributed 7.87 percent to investment realization in West Java," said Irwan. Irwan also said that with the current conditions, it is possible that the amount of investment in the Regency will increase again. Moreover, currently the Bogor Regency Government is revising the Regional Spatial Planning Regulation. (SOURCE)

Nov, 28 2023

WJIR 2025: 16 West Java Projects Attract Global Investors

sekitarbandung.com – Ahead of the West Java Investment Summit 2025 or WJIS 2025, which is planned to be held in November 2025, the West Java Investment and Integrated Services Agency (DPMPTSP), Bank Indonesia West Java, and Bank BJB have organized the West Java Investment Roadshow or WJIR 2025. At the WJIR 2025 roadshow, which took place in Jakarta on September 23, 2025, a number of major projects attracted the interest of investors, including the Kertajati Airport development project, the Bandung Regency LRT, and the street lighting project. According to the Head of DPMPTSP West Java, Dedi Taufik, at the WJIR 2025 event in Jakarta, 16 projects in West Java were introduced, 10 of which were flagship projects from regions selected from the West Java Investment Challenge (WIJC) 2025 held in July in Bogor. Meanwhile, the development of the Kertajati Airport area is the main project being prepared by West Java as part of the Rebana Area development. The WJIR 2025 event in Jakarta is a series of events leading up to the WJIS 2025, which will be held in November 2025. Prior to the WJIR 2025 roadshow, the WJIS 2025 event was also held in July in Bogor. The WJIC 2025 event in Bogor determined 10 leading projects proposed by cities/regencies in West Java, and finally 10 projects with a total investment value of Rp 24.67 trillion were selected. Later, the 10 selected projects will be offered to investors at the WJIS 2025 event. Kertajati and Bandung Regency LRT Attract Investors Head of the West Java DPMPTSP, Dedi Taufik, said that the roadshow was a strategic forum that brought together representatives from the central and regional governments, banks, international financial institutions, diplomatic representatives, as well as national and global investors to explore investment opportunities offered by West Java. According to him, there are 16 priority investment projects with a total investment value offered with strategic value in the agribusiness, urban infrastructure, energy, and development areas sectors. “The enthusiasm of investors is reflected in the signing of 27 Letters of Intent (LOI) as a form of initial commitment to explore investment opportunities in West Java,” said Dedi Taufik. During the roadshow, direct meetings were held between investors and project holders in one-on-one sessions. According to Dedi Taufik, the results of the one-on-one meetings showed high investor interest in various strategic sectors, especially in the BIJB Kertajati area. Meanwhile, in the field of urban infrastructure, several large companies such as PT Mitsui Indonesia, Len Railway System, and Siemens Mobility were interested in mass transportation and street lighting projects. Of the 16 projects offered, there is one mass transportation project, namely the Bandung Regency LRT project with an investment value of IDR 16 trillion. In the property sector, Real Kaiten Consultancy & Investments Singapore has signed an MOU with PT BIJB to invest in several strategic projects owned by BIJB Kertajati. “This investment plan is also supported by funding from Singaporean private equity firm Cuushstone,” he said. [SOURCE]

Dec, 15 2025

List of Top 5 Investment Destination Regions: West Java to South Sumatra

Bloomberg Technoz, Jakarta - The Ministry of Investment/Investment Coordinating Board (BKPM) said that investment realization in IV-2025 reached IDR452.8 trillion. Here are the five highest investment destinations throughout the fourth quarter. Investment realization reportedly increased by 4.9% quarterly or increased by 23.8% annually (yoy). "42.5% (IDR192.4 trillion) in Java and outside Java 57.5% (IDR260.4 trillion)," said BKPM Minister Rosan Roeslani in an investment presentation, Friday (1/31/2024). Rosan said that the realization of both foreign investment (PMA) and domestic investment (PMDN) was most awaited in West Java at IDR66.2 trillion (14.6%), then in Jakarta IDR50.1 trillion (11.1%), and Central Sulawesi IDR41.3 trillion (9.1%). "East Java Rp35.9 trillion (7.9%) and South Sumatra Rp30.5 trillion (6.7%)," said Rosan. Rosan also said that during the fourth quarter, labor absorption from investment growth reached 580,916 people or increased by 26.9% (YoY). [SOURCE]

Mar, 17 2025

This year, West Java targets the value of incoming investment to reach IDR 250 trillion

REJABAR.CO.ID, BANDUNG --- The West Java Provincial Government (Pemprov) continues to boost investment targets. In 2024, the West Java Provincial Government targets the investment value to exceed last year's realization. According to the Head of the West Java Investment and One-Stop Integrated Services Service (DPMPTSP), Nining Yuliastiani, by 2024 the national investment target will reach IDR 1,650 trillion. Specifically for West Java, the investment value is targeted at around 14-15 percent of the national level. "And that is nominally around IDR 247 trillion to IDR 250 trillion for the 2024 target, even though this has not been released by BKPM," said Nining at the Bewara Jabar (Beja) event with the theme West Java Investment Report 2023 And Economic Outlook 2024 at Gedung Sate, Tuesday (30/1/2024). For investment achievements in 2023, said Nining, from the BKPM target of IDR 188.03 trillion, West Java managed to pocket an investment value of IDR 210.6 trillion. This figure is the highest achievement. "This means 112 percent of the existing target. And this is the highest achievement in West Java," he said. When asked whether the 2024 target would be achieved under the conditions of the 2024 elections, Nining felt optimistic that he could meet the target by collaborating with various parties in West Java. "We remain optimistic about the efforts that have been made in synergy and collaboration. It will not be possible for us to complete whatever the target is if there is no collaboration and communication with various parties," he explained. Nining explained that there are several sectors that the West Java Provincial Government will focus on to attract investors to invest their capital in West Java. Namely, starting from the infrastructure sector, tourism, to technology. "For West Java there are four things that will be the focus of increasing investment, infrastructure, downstream tourism and technology and there are also many things that come to us that are capital intensive," he said. In the same place, Deputy Chief Representative of Bank Indonesia for West Java Province, Bambang Pramono, said that success in creating a harmonious investment climate is the key to the realization of West Java investment which will accelerate in 2023. This is a necessary condition in creating a conducive and trustworthy investment climate for investors. Apart from that, he said, high investment realization also plays an important role in driving West Java's economic growth along with the value of the Incremental Capital Output Ratio (ICOR) which is relatively stable from year to year. Therefore, all stakeholders related to investment in West Java must actively carry out various proactive and innovative efforts in identifying potential projects that are of interest to foreign investors. "Especially for potential investors who are looking for safe and comfortable investment fund placement options," he said. Acting Regional Secretary of West Java Province, Taufiq Budi Santoso, investment is one of the driving forces of the economy in West Java. However, in the future, efforts must still be made for equality throughout the West Java region. This is in line with the investment distribution map in West Java which is concentrated in the northern part, such as Bekasi District (25) to Karawang District (22). (SOURCE)

Jan, 31 2024

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