According to the filing with the US SEC, VinFast plans to invest up to about US$1.2 billion in Indonesia “over the long term”, including about $150 million to $200 million to build a plant with an annual capacity of between 30,000 to 50,000 cars, which is expected to start production in 2026. VinFast sees Indonesia as a “potential key market” for EV and battery production facilities due to the low cost and…