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

Boomi Partners With Leading Japanese ERP Provider To Accelerate Digital Transformation in Japan (Graphic: Business Wire)

Jumat, 31 Maret 2023 - 17:02 WIB

Boomi Partners with Leading Japanese ERP Provider To Accelerate Digital Transformation in Japan

Boomi™, the intelligent connectivity and automation leader, today announced a new partnership with Works Applications Systems, Co., Ltd. ("WAPS") which provides system development and support,…

Tezos Logo

Jumat, 31 Maret 2023 - 15:52 WIB

Tezos Activates ‘Mumbai’ Upgrade Enabling More Than a Million Transactions Per Second

Tezos, a pioneering blockchain for Proof-of-Stake consensus and on-chain governance, has activated Mumbai, its thirteenth core protocol upgrade.

Choo Sung-hoon hops onto the TramOramic Tram to Central, getting fully immersed in Hong Kong’s unique blend of novelty and ancient sophistication. (Photo: Hong Kong Tourism Board)

Jumat, 31 Maret 2023 - 14:40 WIB

Choo Sung-hoon from Physical 100 Explored Hong Kong solo dolo

To add to the delight, the Hong Kong Tourism Board (HKTB) was glad to have Korean mixed martial artist Choo Sung-hoon – contender from NETFLIX Physical 100 – tour around Hong Kong, discovering…

PT Sariguna Primatirta Tbk (“CLEO”)

Jumat, 31 Maret 2023 - 13:23 WIB

CLEO Optimistic 2023 Turnover Increases Double Digits

PT Sariguna Primatirta Tbk (Tanobel Group), a listed company, manufacturer of Bottled Drinking Water (AMDK) with the IDX ticker code: CLEO: IJ, managed to record sales of IDR 1.36 trillion in…

PT Cerestar Indonesia Tbk (“TRGU”)

Kamis, 30 Maret 2023 - 17:05 WIB

TRGU Successfully Turns Losses into Profits in 2022

PT Cerestar Indonesia Tbk (TRGU), a producer of wheat flour which newly listed its shares on the Indonesia Stock Exchange last July, immediately achieved brilliant performance in 2022.