VinFast delivered 400 VF 3 to Indonesian dealers and customers within two months of launch
JAKARTA, INDONESIA - Media OutReach Newswire - 21 April 2025 - VinFast announces the milestone of delivering 400 VF 3 electric vehicles to Indonesian dealers and customers in just two months after its launch. This milestone not only affirms VinFast's superior production capacity and process optimization capabilities but also demonstrates the strong appeal of the VinFast VF 3 to consumers in Indonesia and the wider region.
As the latest addition to VinFast's diverse portfolio of all-electric vehicles in Indonesia, the VF 3 mini e-SUV is strategically positioned as a pivotal catalyst in the company's drive towards a sustainable, green mobility transformation. Since its launch, the VF 3 has become a trend in Vietnam, the Philippines, and Indonesia, thanks to its unique and robust design language, which not only inspires creativity but also empowers users to express their individuality and personal style with a sense of bold distinction.
To commemorate this impressive milestone, VinFast held a mass delivery event of 100 VF 3 vehicles at the Motomobi News Karnaval, which took place from April 19th to April 20th, 2025. Featuring some of the most modern and distinctive car models, the Motomobi News Karnaval garnered significant attention from the automotive community.
At the main area of the event, the original VF 3 model, alongside unique iterations crafted by customers themselves, became the focal point of attention. The presence of this "tiny titan" not only captivated a large number of visitors but also underscored its exceptional appeal, actively encouraging users to showcase their own distinct individuality.
During the event, the Motomobi News Karnaval organizers celebrated the most innovative customer-designed VF 3, igniting boundless inspiration within the automotive enthusiast community.
Customers receiving their vehicles praised the car's distinctive design, standard features, and good performance within its price range, making it accessible to a broad segment of the population. These early adopters also benefited from a range of attractive incentives, including cash back programs and complimentary charging at VinFast charging stations operated by V-GREEN until March 1, 2028.
At this year's Motomobi News Karnaval, Indonesian consumers could directly experience the VF 3, along with a range of engaging customer interaction programs and promotions.
Mr. Pham Sanh Chau, CEO of VinFast Asia, stated: "The fact that VF 3 vehicles are now on Indonesian roads just two months after its launch is a powerful testament to VinFast's implementation capabilities, commitment, and determination to provide Indonesian consumers with green, intelligent, and affordable mobility solutions. The VF 3's presence in Indonesia not only marks a significant step in VinFast's journey to conquer the market but also inspires the creation of a sustainable future and ignites a spirit of innovation among Indonesia's modern and dynamic youth."
The VF 3 is designed to be well-balanced, fully meeting the urban mobility needs of consumers with a range of 215 km on a single full charge. Regarding the exterior, in addition to the four standard exterior colors: black, white, red, and gray, the VinFast VF 3 also offers four premium options: yellow with a white roof, green with a white roof, blue with a white roof, and pink with a white roof. Regarding the interior, the VinFast VF 3 features a large 10-inch touchscreen entertainment display, along with a gear selector behind the steering wheel similar to those found in luxury cars, providing a convenient and impressive experience for users.
With a price of IDR 230,130,000 (On-The-Road price in Jakarta), the VF 3 comes with an attractive warranty policy of up to 7 years or 160,000 km for the vehicle (whichever comes first) and 8 years unlimited mileage for the battery. VinFast is also offering an appealing promotion for the first 1,000 customers who purchase VinFast VF 3, with the opportunity to receive a cashback of up to IDR 37,850,000 and other valuable benefits.
With a commitment to rapidly deliver high-quality vehicles at inclusive prices, complemented by exceptional after-sales policy, VinFast is actively expanding its dealership and service center network across Indonesia. Customers can explore, experience, and purchase VinFast cars at 21 authorized dealerships, and 11 partner stores operated by Amarta, which are expected to commence operations in 2025. VinFast aims to establish 500 authorized service workshops throughout Indonesia this year.
VinFast is also building a comprehensive green mobility ecosystem through collaborations with strategic partners such as the all-electric taxi company GSM and the global charging station development company V-GREEN. VinFast car owners can currently charge for free at charging stations operated by V-GREEN. The company aims to develop 30,000 VinFast charging ports in Indonesia by the end of 2025, thereby enhancing the consumer experience and driving the green transportation revolution.
Hashtag: #VinFast
https://vinfastauto.id/
The issuer is solely responsible for the content of this announcement.
About VinFast
VinFast (NASDAQ: VFS), a subsidiary of Vingroup JSC, one of Vietnam's largest conglomerates, is a pure-play electric vehicle ("EV") manufacturer with the mission of making EVs accessible to everyone.
VinFast's product lineup today includes a wide range of electric SUVs, e-scooters, and e-buses. VinFast is currently embarking on its next growth phase through rapid expansion of its distribution and dealership network globally and increasing its manufacturing capacities with a focus on key markets across North America, Europe and Asia. Learn more at https://vinfastauto.id/
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In addition, President Trump's announcement of a 100% tariff on foreign films renewed trade war fears, weakened the U.S. dollar, and made gold more appealing to holders of other currencies. XAUUSD rallied by more than 6% in just two days as buying from China increased after its markets reopened following a long Labour Day holiday, which ran from 1 May to 5 May. In addition, President Trump's announcement of a 100% tariff on foreign films renewed trade war fears, weakened the U.S. dollar, and made gold more appealing to holders of other currencies. 7-8 May and 12 May. Gold started to pull back from the $3,430 level as the market began to price in the potential easing of trade tensions ahead of the scheduled meeting between the U.S. Treasury Secretary Scott Bessent and Vice Premier of China He Lifeng in Geneva, Switzerland. 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Improving risk sentiment and rising hopes for the normalisation of global trade relations culminated on 12 May when the U.S. and China announced that they managed to reach a temporary trade deal. As a result, gold prices plunged by as much as 3% on 12 May and continued to fall for another three trading sessions. 15 May. Gold began to erase earlier losses after touching critical support in the 3,150 area, which triggered a flow of pending buy-limit orders, helping pull XAUUSD up by almost 2%. In addition, soft U.S. Producer Price Index (PPI) data prompted investors to expect more rate cuts by the Federal Reserve (Fed), further supporting gold prices. Gold began to erase earlier losses after touching critical support in the 3,150 area, which triggered a flow of pending buy-limit orders, helping pull XAUUSD up by almost 2%. In addition, soft U.S. Producer Price Index (PPI) data prompted investors to expect more rate cuts by the Federal Reserve (Fed), further supporting gold prices. 20 May. As investors were still digesting the long-term implications of Moody's downgrade of the U.S. debt, U.S. President Donald Trump was attempting to convince his fellow Republicans in the U.S. Congress to unite behind a sweeping tax-cut bill, which is widely expected to worsen the federal budget deficit outlook. As a result, the U.S. dollar continued to fall, while gold's price rose towards $3,300 per oz. As investors were still digesting the long-term implications of Moody's downgrade of the U.S. debt, U.S. President Donald Trump was attempting to convince his fellow Republicans in the U.S. Congress to unite behind a sweeping tax-cut bill, which is widely expected to worsen the federal budget deficit outlook. As a result, the U.S. dollar continued to fall, while gold's price rose towards $3,300 per oz. 23 May. Gold prices rose by almost 2%, achieving their best week in six. This was largely due to investors seeking a safe haven as U.S. President Donald Trump renewed tariff threats, recommending a 50% tariff on European Union (EU) imports from 1 June and stating that Apple would face a 25% tariff on iPhones made outside the U.S. Gold prices rose by almost 2%, achieving their best week in six. This was largely due to investors seeking a safe haven as U.S. President Donald Trump renewed tariff threats, recommending a 50% tariff on European Union (EU) imports from 1 June and stating that Apple would face a 25% tariff on iPhones made outside the U.S. 29 May. After declining for the previous three trading sessions, XAUUSD rose again after a U.S. appeals court reinstated President Donald Trump's sweeping tariffs, just a day after most of the tariffs were blocked by a trade court. 'May was a wild ride for the gold market thanks to America's erratic trade policies,' says Kar Yong Ang, a financial market analyst at Octa broker. 'Ever since Trump announced his reciprocal tariffs in April, they have been repeatedly delayed, adjusted, challenged, blocked and reinstated, sowing chaos, breeding uncertainty and leaving traders with no clear direction'. ADVERTISEMENT Indeed, as mentioned previously, the XAUUSD monthly chart shows a significant doji candlestick for May, indicating trader indecision and a potential mid-term reversal. In fact, the short-term trend from 22 April can generally be described as 'sideways', as traders are unsure about the bullion's next big the broader, long-term trend is still decidedly bullish, as gold's price remains comfortably above key trendlines and MAs. Overall, chaotic U.S. trade policy, rising fears about the sustainability of the U.S. twin deficits (fiscal and trade), endless geopolitical tensions and political instability, and solid structural demand on the part of central banks helped keep the bullion's price near all-time highs. In addition, the big technical picture has been positive, resulting in trend buying by investors. Physical demand for bullion has been a key driver behind the rising price of gold in recent months. Just recently, a Hong Kong Census and Statistics Department (C&SD) report showed that China's total gold imports via Hong Kong nearly tripled in April, hitting their highest level in more than a year. A total of 58.61 metric tons (mt) of gold was imported via Hong Kong in April, up 178.17% from 21.07 tons in March. And these figures may not even provide a complete picture of Chinese purchases, as gold is also imported via Shanghai and Beijing. Indeed, the People's Bank of China (PBoC) has been actively adding gold to its reserves for six straight months. According to the World Gold Council, PBoC added 2.2 mt to its gold holdings in April, which now stand at 2,295 mt, 6.8% of total reserve assets. Other countries, notably India and Russia, also continued to stockpile gold. Overall, according to global broker Octa's estimates, global central banks have added more than 240 tons of gold to their reserves in Q1 2025. Interestingly, U.S. trade policy also affected physical flows among Western nations. According to Swiss customs data, gold imports to Switzerland from the U.S. jumped to the highest monthly level since at least April 2012 after excluding precious metals from U.S. import tariffs. Reuters reported that Switzerland, the world's biggest bullion refining and transit hub, and Britain, home to the world's largest over-the-counter gold trading hub, registered massive outflows to the U.S. over December-March as traders sought to hedge against the possibility of broad U.S. tariffs hitting bullion imports. Apart from central banks, global investors have also remained quite bullish on gold. According to the Commodity Futures Trading Commission (CFTC), large speculators (leveraged funds and money managers) were still net-long COMEX gold futures and options as of 27 May, 2025. Long positions totalled 152,034 contracts vs only 34,797 short contracts. Meanwhile, according to LSEG, a financial firm, flows into physically-backed gold exchange-traded funds (ETFs) reached almost 50 mt year-to-date. Most recently, however, speculative bullish interest in gold and ETFs flows have been subsiding. 'Although large speculators remain net-long, the size of their exposure is substantially smaller compared to what it was back in September 2024, when the uncertainty around the U.S. Presidential elections fuelled bullish bets', says Kar Yong Ang, adding that ETFs actually recorded a minor outflow in the first half of May. CFTC Commitments of Traders vs Gold Price Source: CFTC, LSEG, global broker Octa's calculations Gold ETF Monthly Flows Source: LSEG Outlook Fundamentally, the outlook for gold looks bright, but there are important caveats. We have singled out three important factors that will continue to play out in June and the rest of 2025. Geopolitical uncertainty Lingering global economic and geopolitical risks continue to play out, with the ongoing trade negotiations between the United States and the rest of the world, particularly China, being the most critical factor affecting the gold market and the global financial system. The conflicts in the Middle East, such as the Israel-Hamas hostilities, a brief spat between India and Pakistan, and the ongoing conflict between Russia and Ukraine, have destabilised world politics and raised many fears ranging from oil and food supply disruptions to the prospect of a worldwide conflict. Gold, considered a 'safe-haven' asset, typically sees increased demand during political uncertainty and instability. While it is extremely difficult to project the resolution of geopolitical conflicts, let alone to forecast the emergence of new ones, peace negotiations in the hottest regions have already commenced. 'Conflicting parties seem to have at least started to talk. A cease-fire in the Middle East and Eastern Europe is now more likely than it was only a month ago, but a lasting peace may take years to achieve. Either way, any progress in negotiations or even a temporary cessation of hostilities will improve risk sentiment and have a bearish impact on gold,' says Kar Yong Ang, global broker Octa analyst. The looming 8 July tariff deadline imposed by U.S. President Trump further complicates the global political landscape, adding another reason for gold prices to remain elevated. As of today, the United Kingdom is the only country that has signed a new trade deal with the U.S., while trade talks with dozens of other countries have progressed too slowly. Negotiations remain unwieldy, while China and the U.S., the world's two largest economies, continue to accuse one another of breaching the Geneva trade deal. As long as trade tensions persist, investors will be reluctant to sell gold. Global monetary policy Gold is priced in U.S. dollars and is therefore highly sensitive to changes in U.S. interest rates, inflation, and the greenback's value. As already mentioned, the market is positioned for a dovish Fed. In fact, the latest interest rates swap market data implies roughly 75 basis points (bps) worth of rate cuts by the Fed by the end of December 2025. It is widely expected that other central banks will not fall far behind. For example, after the latest Eurozone inflation figures came out lower than expected, investors now expect the European Central Bank (ECB) to deliver two quarter-point rate cuts by the end of December 2025. Likewise, the Bank of England (BoE) is anticipated to announce at least two rate cuts of 25 bps each before the end of the year. Fundamentally, a less tight (or looser) monetary policy worldwide is a major bullish factor for gold. Because gold has no passive income and does not pay any interest, the opportunity cost of holding it becomes lower when central banks reduce their policy rates. The main risk, of course, is inflation. Should it remain above central banks' targets or, even worse, start to increase, the Fed and its counterparts will be forced to hold the rates higher for longer. 'Inflation is a major concern. Tariff-related price increases are yet to be felt, and although U.S. consumer 1-year and 5-year inflation expectations have eased, they remain very high by historical standards. I think some central banks, and maybe even the Fed, will prefer to wait until trade tensions are resolved before committing fully to rate cuts,' says Kar Yong Ang. Physical demand Physical demand for gold may continue to increase primarily because China, a significant gold consumer, remains an active buyer, but also because global central banks in general are increasingly turning to gold to diversify their reserves away from the U.S. dollar. Specifically, China has seen its national currency, the renminbi (RMB), appreciate more than 2% over the past month. This is not a welcoming development for a country whose economy heavily depends on exports. Thus, Chinese authorities may relax gold import quotas to stop the yuan from appreciating too much. As a result, the physical and investment demand for gold in China may rise in the months ahead. As for India, the demand for gold may temporarily slow due to seasonal factors, but is unlikely to reverse. Indian jewellers may delay making new stock acquisitions as monsoon rains are arriving, while the wedding season is concluding, but that will only have a temporary impact. Technical picture Kar Yong Ang, global broker Octa analyst, said: 'From a technical perspective, XAUUSD looks bullish no matter how you look at it. 3,397, 3,438, and 3,463-3,471 levels are still real targets for bulls. Only a drop below 3,125 will invalidate the underlying bullish trend, and even then XAUUSD is more likely to trend sideways than to go deep down.' Conclusion Overall, we continue to see a generally bullish picture for gold, but it may be changing soon. Fundamentally, gold is still a 'buy' but no longer a 'screaming buy', as we labelled it in our August 2024 Digest. Wall Street analysts predict higher prices. Goldman Sachs recently hiked its 2025 gold forecast to $3,700 per oz, particularly due to strong central bank demand, implying a 10% upside potential from the current levels. At the same time, large speculators have already started to reduce their net-long exposure, while the outlook for the global monetary policy remains uncertain due to tariffs. Investors, in general, may be a bit too optimistic when it comes to rate cuts. 'As things currently stand, it is still very hard to draw a bearish case for gold, but I do think that the bullish trend is showing first signs of exhaustion and some consolidation is likely to follow', said Kar Yong Ang, global broker Octa analyst. Next month will be critical for the gold market as it features seven key rate decisions and will likely be packed with news related to trade negotiations. Traders should be cautious as June news may essentially determine the XAUUSD trend for the next six months. Key Macro Events in June (scheduled) 4 June Bank of Canada meeting 5 June European Central Bank meeting 6 June U.S. Nonfarm Payroll 11 June U.S. Consumer Price Index 15-16 June Group-7 Summit 17 June Bank of Japan meeting 18 June Federal Reserve meeting 19 June Swiss National Bank meeting 19 June Bank of England meeting 20 June People's Bank of China meeting 23 June S&P Global Purchasing Managers Indices 24-25 June North Atlantic Treaty Organization Summit 26-27 June European Council Summit 27 June U.S. Personal Consumption Expenditure Price Index 30 June German Consumer Price Index ___ Disclaimer: This content is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to engage in any investment activity. It does not take into account your investment objectives, financial situation, or individual needs. Any action you take based on this content is at your sole discretion and risk. Octa and its affiliates accept no liability for any losses or consequences resulting from reliance on this material. Trading involves risks and may not be suitable for all investors. Use your expertise wisely and evaluate all associated risks before making an investment decision. Past performance is not a reliable indicator of future results. Availability of products and services may vary by jurisdiction. Please ensure compliance with your local laws before accessing them. Hashtag: #Octa The issuer is solely responsible for the content of this announcement. Octa Octa is an international CFD broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and various services used by clients from 180 countries who have opened more than 52 million trading accounts. To help its clients reach their investment goals, Octa offers free educational webinars, articles, and analytical tools. 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