VinFast Opens Up Possibility of Raising Car Prices as Rupiah Weakens

Jakarta — Vietnamese electric-vehicle manufacturer VinFast is signaling a possible price adjustment for cars in Indonesia as the rupiah weakens against the United States dollar. VinFast Indonesia Chief Executive Kariyanto Hardjosoemarto said the company is still monitoring currency movements and their impact on production costs and the supply chain. ‘If input costs rise, then price adjustments are necessary. But as of today we have not yet made any price adjustment,’ he said in Jakarta on Wednesday, 20 May 2026. Although VinFast already has production facilities in Subang, West Java, a number of vehicle components are still imported from Vietnam. ‘There are many aspects, for example we import from Vietnam, raw materials and so on. So we are still monitoring,’ he added. He noted that making price adjustments cannot be done hastily, as it would affect many parties in the company’s value chain, including suppliers and operational partners. ‘Once we implement a price adjustment, the downstream effects are considerable on suppliers and other parties. So we don’t want to make decisions too quickly,’ he said. At present VinFast is holding prices while watching global and domestic economic developments, including movements of the rupiah against the USD and the Vietnamese dong. Earlier, several other carmakers also signalled similar potential. Chery and BYD said they are calculating the impact of rising production costs on vehicle selling prices in Indonesia. ‘We are looking at this as costs are rising. We are calculating, but if costs stay higher there is a possibility prices will rise too,’ said Zeng. Meanwhile, BYD Motor Indonesia’s Head of PR & Government Relations, Luther Panjaitan, said the possibility of price adjustments remains open, though it is not currently part of the company’s short-term strategy. ‘If asked about the potential for price increases, it might happen, but at the moment it is not in our short-term strategy,’ Panjaitan said.