Highlights

  • VinFast inaugurated its first factory outside Vietnam in Subang, Indonesia.
  • The Subang plant will assemble VF 3, VF 5, VF 6, and VF 7 models.
  • The factory supports production of new models for the Indonesian market in 2026.

VinFast Auto Ltd. (NASDAQ:VFS) saw its U.S.-listed shares gain over 5% on Monday following the opening of its first factory in Southeast Asia outside of Vietnam. The Subang facility represents the company’s initial manufacturing presence in Indonesia, the most populous nation in the region.

The factory opening ceremony included representatives from both the Indonesian and Vietnamese governments, alongside company officials. Construction of the plant took 17 months from groundbreaking to become fully operational.

Subang Plant Production Details
The Subang factory will initially produce the VF 3, VF 5, VF 6, and VF 7 models, intended solely for the domestic market. VinFast also announced that new models planned for release in Indonesia in 2026 will be manufactured at this facility.

The factory provides a direct production base within Indonesia, enabling local assembly for the growing EV market in the country, which has over 283 million residents.

Regional Presence and EV Industry Role
The new plant is expected to contribute to the EV manufacturing value chain in Indonesia and the broader Southeast Asian region. By establishing operations in Subang, VinFast has a direct manufacturing presence in the region, aligning with its broader international expansion plans.

Share Price Snapshot
VFS closed at 3.47 USD on December 15, rising 5.15% during the trading day. The stock opened at 3.31 USD, reached a high of 3.67 USD, and hit a low of 3.30 USD during the session. Over the past 52 weeks, the stock has traded between a low of 2.56 USD and a high of 4.65 USD.