Vietnam’s Vingroup signs MoU on renewable energy partnership in Indonesia

The signing ceremony, witnessed by South Sulawesi Governor Andi Sudirman Sulaiman, marks a strategic step in Vingroup’s expansion of its green energy portfolio, aiming to drive sustainable development in Southeast Asia and strengthen Vietnam’s position on the global clean energy map.

Under the MoU, the two sides will establish a strategic partnership to develop renewable energy projects, particularly solar farms with capacities ranging from one megawatt to one gigawatt, both on land and floating installations.

The plan also includes energy storage integration and grid connection studies.

Vingroup will share expertise on emerging green technologies, while PT. Sulsel Andalan Energi will provide regulatory and infrastructure support.

Beyond renewable energy, the two parties are actively discussing a range of other potential collaborations.

PT. Sulsel Andalan Energi invited Vingroup to explore partnerships in two smart city initiatives, the construction of a new four-hectare hospital, upgrades to seven provincial hospitals, and affordable housing developments.

To promote a green urban vision, South Sulawesi authorities are also considering deploying VinFast electric buses, encouraging civil servants to adopt VinFast vehicles, supporting V-Green’s EV charging network, and facilitating the expansion of GSM’s electric taxi services.

Governor of South Sulawesi Andi Sudirman Sulaiman said, “We are so proud to welcome Vingroup, one of Vietnam’s leading corporations, to invest in South Sulawesi.

“Vingroup’s global reputation for sustainability inspires us to open this window of collaboration, marking a new chapter in our strong commitment to building a better and more sustainable region.

“As we follow the Indonesian President’s Asta Cita, we strongly believe this cooperation aligns with our national vision of ensuring harmony between people and the environment. Today’s MoU is just the beginning of something big.”

Pham Sanh Chau, Vingroup Asia CEO and CEO of VinFast Asia added, "The agreement with PT. Sulsel Andalan Energi marks the beginning of a meaningful journey.

“We believe this collaboration will create significant value and contribute to the sustainable development of the region.

“Vingroup has identified green energy as one of our strategic pillars. We aim not only to realize key national projects but also to extend our impact globally, building a better future for generations to come."

Indonesia is considered one of Southeast Asia’s most promising renewable energy markets, with South Sulawesi offering strong solar radiation ideal for large-scale solar power development.

The MoU also reflects Vingroup’s broader ambition to expand its ecosystem in Indonesia.

VinFast, an electric vehicle arm of Vingroup, has already entered the Indonesian market with a diverse EV lineup, a sales and after-sales network, and an upcoming assembly plant.

Together with GSM and V-Green, VinFast is building a full ‘For a Green Future’ ecosystem, with a shared vision of making the green transportation revolution more accessible to all.