Jakarta, March 11 -- Vietnamese automotive company Vinfast has expressed its commitment to building an electric vehicle (EV) factory in Subang, West Java, with an investment of Rp4 trillion (US$237 million), Minister of Investment and Downstreaming, Rosan Roeslani, said.

"The factory is spread over 120 hectares of land. The company plans to produce 50 thousand vehicles per year, with the investment reaching Rp4 trillion," he informed at the Presidential Palace Complex in Jakarta on Tuesday.

According to the minister, the investment commitment was conveyed directly by Vinfast during a meeting with President Prabowo Subianto.

Vinfast plans to start constructing the factory shortly after Ramadan, Roeslani said.

The construction work is e...