Minister of Industry Support the Government of Vietnam Restriction of Indonesian Automotive Products

By : Ridwan And Aldi Firhand. A | Friday, February 02 2018 - 21:40 IWST

Menperin visit automotive factory in Serang Banten
Menperin visit automotive factory in Serang Banten

INDUSTRY.co.id - Jakarta, Minister of Industry Airlangga Hartarto expressed his appreciation to the Vietnamese government that has restricted the Indonesian automotive products, where Vietnam provides export quotas for Indonesian automotive products.

"I am very appreciated to the Vietnamese government. The ability of our Sport Utility Vehicle (SUV) product is quite high," Airlangga said in Jakarta (1/2/2018) yesterday.

He added, indeed if our products have high competitiveness, other countries will surely spread. "Therefore we also have to get ready to find other markets," he explained.

Based on data from the Ministry of Industry, Indonesia's largest automotive industry export is to the ASEAN countries, the highest of which are the Philippines, Vietnam and Thailand.

"Currently we are aggressively expanding the market of automotive industry in Indonesia, not only in ASEAN region, Europe we are targeted," said Minister of Industry.

As is known, Production capacity of four-wheeled vehicles in Indonesia in 2017 increased to 2,258,131 thanks to the investment of Mitsubishi, Wuling and Sokon producing vehicles in the country last year.

The addition of installed capacity amounted to 330,000 units from Mitsubishi 160,000 units, Sokon 50,000 units and Wuling 120,000 units.

Nevertheless, the production capacity has not been fully maximized since car sales throughout 2017 rose only 1.6 percent from 1,062,716 units in 2016 to 1,079,308 units. (Ant)

News Comment

Today's Industry

The President Director of PT Trimegah Sekuritas Indonesia Tbk (TRIM), Philmon Tanuri (left) delivered remarks at the kick off of Trimegah's collaboration with IA SBM-ITB in Jakarta on Wednesday (05/06/2024).

Jumat, 07 Juni 2024 - 19:43 WIB

Trimegah Sekuritas Supports Ikatan Alumni SBM-ITB to Realise Lifelong Learning Mission

In order to realise its mission of “Educate and create wealth for community through unique and professional investment experience”, PT Trimegah Sekuritas Indonesia Tbk (TRIM) collaborates…

Wellington College Independent School Jakarta (WCIJ)

Senin, 29 April 2024 - 05:02 WIB

One of the UK’s Most Established Schools Chooses Jakarta for Their Latest Opening

Wellington College Independent School Jakarta (WCIJ) is thrilled to announce its grand opening in September 2024! As the first private UK school to open in Indonesia, WCIJ, a pioneering co-educational…

Presiden Jokowi

Selasa, 23 April 2024 - 10:29 WIB

President Jokowi Reaffirms Commitment to Farmers’ Welfare

President Joko “Jokowi” Widodo on Monday (04/22) inspected corn harvest in Boalemo regency, Gorontalo province. “Our corn import has decreased significantly from 3.5 million tonnes to…

Photo: Aris Nurjani/VOI

Rabu, 28 Februari 2024 - 12:47 WIB

Carsurin and NBRI Strengthen Strategic Alliance to Propel Indonesia’s EV Industry

PT Carsurin Tbk ("Carsurin") and the National Battery Research Institute ("NBRI") are pleased to announce the signing of a pivotal Strategic Alliance Agreement (SAA), marking a significant advancement…

Beras (Foto/Rizki Meirino)

Rabu, 21 Februari 2024 - 08:43 WIB

Gov’t to Continue Disbursing Rice Assistance

President Joko “Jokowi” Widodo has ensured that the Government will continue rolling out the rice assistance program for low-income families. The President made the statement when handing…