VinFast to Build USD 200-Million EV Plant in Indonesia

Investment Monitor are reporting that Singaporean-Vietnamese electric vehicle (EV) maker VinFast plans to invest USD 200-million in an assembly plant in Indonesia, which will manufacture between 30,000 and 50,000-cars per year, the company said in an F-1 filing with the US Securities and Exchange Commission. The recently announced investment is part of VinFast’s plan to invest USD
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Finance Ministry: VAT to Remain at 11-Percent in 2024

According to reporting from Tempo, Indonesia’s Ministry of Finance has announced that the standard value-added tax (VAT) will remain at 11-percent in 2024. The ministry’s head of the budget policy center, Wahyu Utomo, made the statement in response to growing concerns over a proposed VAT hike to 12-percent. Wahyu explained that the increase in VAT
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