News - VinFast explores investment in building solar and wind power plants in Indonesia

VinFast explores investment in building solar and wind power plants in Indonesia

Mar, 17 2025

Jakarta (ANTARA) - Vietnamese automotive company VinFast has conveyed its desire to President Prabowo Subianto to explore investment in building solar power plants (PLTS) and wind power plants (PLTB) in Indonesia.

Minister of Investment and Downstream/Head of BKPM Rosan Perkasa Roeslani said VinFast is interested in building PLTB in Sulawesi, while PLTS in the West Nusa Tenggara (NTB) region.

"Still exploring," said Rosan answering journalists' questions when he was met at the Presidential Palace Complex, Jakarta, Tuesday.

Rosan accompanied Indonesian President Prabowo Subianto to meet with VinFast CEO Pham Nhat Vuong.

VinFast conveyed several of its investment plans in Indonesia, including building an electric car factory in Subang, West Java, then building SPKLU up to 100,000 points in various regions of Indonesia, especially Java Island, and investment in power plants from new and renewable energy (EBT).

"The point today is to focus on automotive. That was the discussion with the President and us," said Rosan.

VinFast has purchased 120 hectares of land in Subang, West Java. The car factory is planned to be built after the fasting month, while production is expected to start in 2026.

[SOURCE]

Investment and Capital Investment Development in Sukabumi City Grows Positively

RADAR JABAR - The Sukabumi City One-Stop Integrated Investment Service (DPMPTSP) claims that the development of investment and Domestic Investment (PMDN) is quite good. In fact, until November 2024 it reached 1,151,134,790,584. Head of Investment Division of Sukabumi City DPMPTSP, Teten Agus Sugihan explained that the number of companies reached 23,631, consisting of 753 small companies (PK), 36 medium companies (PM), 22,754 micro and 88 large companies (PB), with the absorption of 36,283 workers. "Alhamdulillah, if you look at the available data, the rate of investment and PMDN in Sukabumi City can be said to be growing positively," Teten explained to reporters recently. Teten continued, although geographically Sukabumi City only has an area of 48.33 square kilometers, DPMPTSP is still trying to introduce investment potential in Sukabumi City. Moreover, currently there is a mega project being carried out by the central government. Namely, the construction of the Bogor-Ciawi-Sukabumi (Bocimi) toll road which will have a major impact on the rate of investment and PMDN in the future. "Although it is a small city, it is still wide open for investors when they want to invest their capital in Sukabumi City," he explained. Teten added that investment opportunities in Sukabumi City are quite large. Especially in the fields of property, hotels and restaurants, culinary and industry. "So, all of these investment opportunities are quite large and can be developed, for example, the manufacturing and processing industries," he said. His party will continue to provide good service to investors, as well as simplify all licensing processes. As long as the permit application submitted is in accordance with the requirements. "Moreover, with the presence of the One Single Submission (OSS) application currently, it aims to improve services and simplify business licensing, especially in Sukabumi City," he said. In addition, the government's efforts to simplify business licensing and create an integrated licensing service model that is fast, cheap and easy. "However, the first service must be optimized for the community or for investors. Because, after all, investment will have an impact on employment," he concluded. (Bam) (SOURCE)

Mar, 13 2025

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

Subang Strengthens Its Role in the Rebana Area, Boosting Investment, Employment, and Patimban Connectivity

The Regent of Kabupaten Subang, Reynaldy Putra Andita, received an audience from the Rebana Area Management Agency of West Java Province to support the transformation of Subang into an industrial hub within the Rebana area. The meeting took place at the Regent’s official residence on Wednesday (April 8, 2026). The development of the Rebana area, which includes seven industrial estates and dozens of tenants, presents a strategic opportunity to drive regional economic growth, increase investment, and expand employment opportunities in Subang Regency. Head of the Rebana Area Management Agency, Helmy Yahya, stated that the management of the Rebana economic corridor is an innovation by West Java in developing a metropolitan area based on integrated planning. “This innovation in managing a new economic corridor has made West Java the first province in Indonesia to have a metropolitan area management agency,” he said. He emphasized that area development must be structured and well-designed. “The development of Subang Regency as part of West Java’s future economic corridor must be built by design, not merely in a conventional manner,” he explained. Helmy Yahya also highlighted the high level of investor interest in Subang Regency. “Among the seven regencies/cities, Subang attracts the most investor interest,” he noted. In addition, he stressed the importance of human resource readiness in supporting industrial growth. The Regent, commonly known as Kang Rey, expressed the local government’s commitment to supporting the development of the Rebana area through cross-sector collaboration. “In principle, the Subang Regency Government fully supports and is always ready to ensure the success of the Rebana program,” he stated. He further explained that the Subang Government continues to maintain regional stability to foster a healthy investment climate and expand job opportunities. Moreover, the local government continues to coordinate with provincial and central governments in supporting the supply chain of materials for National Strategic Projects (PSN), including accelerating the construction of toll road access to Pelabuhan Patimban to strengthen connectivity in the Rebana area. He also expressed hope that the Rebana Area Management Agency will continue facilitating programs aimed at improving human resource quality to meet industrial demands, particularly in Subang Regency. “We are truly looking forward to seeing Rebana develop quickly and bring positive impacts to Subang,” he concluded. On the same occasion, the Regent of Subang also signed a joint declaration for the development of the Rebana Area. The meeting was also attended by several regional officials, including the Assistant for Regional Administration II, Head of BP4D, Head of DPMPTSP, Head of Public Works and Spatial Planning Office, Head of Transportation Office, Head of Cooperation Division, and Head of Economic Affairs Division of the Subang Secretariat. [Source]

Apr, 13 2026

Minister Rosan: Investment Absorbs 7.1 Million Workers in Jokowi's Second Term

JAKARTA, KOMPAS.com - Minister of Investment/Head of the Investment Coordinating Board (BKPM) Rosan Roeslani said that during the Advanced Indonesia Cabinet or the second period of President Joko Widodo's (Jokowi) administration, investment in the country was able to absorb 7,188,479 workers. Rosan said, on average every year 1,437,695 workers are absorbed due to investment realization. "In terms of job creation, the total employment absorption during the Advanced Indonesia Cabinet is also 7,188,479 workers in Indonesia or the average per year is approximately 1,437,695 (absorbed labor)," said Rosan when giving a speech at 2024 Investment Service Award event in Jakarta which was broadcast online on Monday (30/9/2024). "Because we know that job creation is our task or challenge which we must carry out continuously," he continued. Rosan also said that by the end of September 2024, Indonesia's investment achievement is estimated at IDR 6,350 trillion. This achievement is the realization of investment during the second period of President Jokowi's administration. "We can say that during the Advanced Indonesia Cabinet period (2019) until June 2024, there was investment realization of IDR 5,931.3 trillion, which is estimated by the end of September 2024 to reach IDR 6,350 trillion," said Rosan. Based on these achievements, according to him, there has been an increase in investment achievements of 90.2 percent since 2019. Meanwhile, according to the government's average calculations, there is investment growth of 18 percent per year. Rosan said that the achievement of investment realization shows that the policies issued by the government have been well responded to by the public and the market. "So based on the distribution of this investment, since 2020 more of it has been outside Java," said Rosan. Meanwhile, in terms of risk-based business licensing services, there are 10,382,846 business identification numbers (NIB) issued by the government in 2921-2024 through the online single submission (OSS) system. "This also shows that business licensing is easier and also provides greater certainty and the majority of the permits we give are to small and medium businesses," said Rosan. However, continued Rosan, the ease of issuing business permits has not yet occurred for medium and large businesses. The reason is that medium and large businesses require a longer verification process. Involves ministries, institutions, regional governments and there are a number of other technical requirements. So Rosan asked all related parties to improve regulations to speed up licensing services. "We need, in our opinion, to increase investment competitiveness, improve regulations and improve services and accelerate licensing in accordance with authority at both the central and regional levels," he said. "On this occasion we also appeal and convey to all government ministries and institutions, provincial governments, district governments, city governments to provide the best service," added Rosan. (SOURCE)

Oct, 01 2024

State Budget Performance Remains Strong, Catalyzing Economic Growth in West Java

KBRN, Bandung: The performance of the State Budget (APBN) in the West Java region until August 31, 2025, recorded positive and stable results. The Regional Office of the Directorate General of Treasury (DJPb) of West Java Province released the regional APBN surplus achievement of IDR 11.58 trillion, with total revenue reaching IDR 90.11 trillion or 58.53% of the target, and expenditure realization of IDR 78.54 trillion or 64.18% of the ceiling. The Head of the West Java Regional Office of the DJPb, Fahma Sari Fatma, said that state revenue grew by 5.31% year-on-year. This growth was mainly driven by tax revenue, particularly from income tax (PPh), excise, and other taxes. However, several types of taxes, such as PPh Articles 21 and 22 and domestic VAT, experienced a contraction. The decline in domestic VAT was due to a decrease in the contribution of large taxpayers, an increase in refunds, and a decline in public consumption. On the other hand, revenue from the Customs and Excise sector has reached IDR 19.66 trillion or 64.25% of the target, supported by 5.06% growth in excise revenue, including the impact of the policy to relax the 90-day deferral of HT excise payments. The realization of Non-Tax State Revenue (PNBP) also recorded positive performance, namely Rp5.20 trillion or 95.17% of the target, experiencing a growth of 10.50% (yoy). This growth was supported by other PNBP which rose 16.95% and BLU revenue which rose 4.42%. This shows the increasingly optimal utilization of government assets and services to generate revenue. "In terms of state expenditure, by the end of August 2025, Rp78.54 trillion had been realized, or 64.18% of the ceiling of Rp122.36 trillion. Although it shows nominal growth, the annual expenditure of Ministries/Institutions (K/L) experienced a slowdown of 24.16% compared to the previous year, especially in goods and capital expenditure due to budget efficiency policies," said Fahmi, in a press conference on Monday (9/29/2025). However, the performance of transfers to regions and village funds (TKDD) was quite solid. Regional transfers reached Rp49.37 trillion (69.04%) and village funds reached Rp5.59 trillion (88.21%). This was one of the factors driving better state spending compared to the previous year. Overall, TKDD realization reached Rp54.96 trillion or 70.60% of the ceiling. National priority programs also continue to run and have a real impact on the people of West Java. Among them, the Free Nutritious Meals Program (MBG) has reached 1.37 million beneficiaries in 27 districts/cities. In addition, the FLPP program has reached 38 thousand beneficiaries in 1,576 locations. Other programs such as People's Schools, KUR, UMi, and school revitalization have also shown significant achievements in promoting welfare and human development. From a macroeconomic perspective, West Java's economic growth in the second quarter of 2025 reached 5.23% (yoy) with a GRDP of Rp459.80 trillion. Inflation in August 2025 was recorded at 1.77% (yoy) with a consumer price index (CPI) of 108.79. The city of Sukabumi recorded the highest inflation at 3.54%, while Bandung Regency recorded the lowest at 1.46%. West Java's trade balance in July 2025 also recorded a surplus of USD 2.47 billion, with total exports reaching USD 3.51 billion and imports USD 1.03 billion. Cumulatively from January to July 2025, non-oil and gas trade with the United States recorded a surplus of USD 3.40 billion, while trade with China and Taiwan still experienced a deficit. Although West Java's Farmer Exchange Rate (NTP) declined by 0.53% to 115.61 in August 2025, this was mainly due to falling agricultural commodity prices. However, rice prices actually showed an increase at the milling level. The government continues to monitor these developments to maintain balance. Amid global challenges such as geopolitical conflicts, commodity price fluctuations, and market uncertainty, the government remains committed to maintaining fiscal stability and sustainability. The performance of the state budget in West Java until August 2025 is considered “on track” and will continue to be optimized as a catalyst for economic growth and a foundation in supporting national priority programs. [SOURCE]