VinFast, the Vietnamese manufacturer of electric vehicles, plans to expand into seven additional Asian markets including Indonesia, as it prepares to launch a plant there by 2026. The company, which went public on Nasdaq last month, has planned a roughly US$1.2 billion long-term investment in Indonesia, of which US$200 million is earmarked for the new plant, which will produce 30,000 to 50,000 EV units annually.