The Indonesian Ministry of Industry has refuted claims circulating regarding the potential relocation of automotive component companies PT JAI and PT SAI to Vietnam. Officials state these reports are inaccurate and lack factual basis, emphasizing the companies have not submitted any requests for relocation permits. The Ministry maintains both firms remain committed to operating within Indonesia and are continuing existing investment plans. This denial follows speculation that rising production costs and a challenging business climate were driving the companies to seek opportunities elsewhere. The government asserts it is actively working to improve the investment environment and retain key manufacturing players. Further details regarding the origin of the rumors are currently unavailable, but the Ministry has pledged to provide updates as needed. This clarification aims to stabilize investor confidence in Indonesia’s automotive sector.