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Subscribe to
The Saigon Times

Saigon Times Group is a leading Vietnamese media organization with prestigious business and consumer publications. After three decades of development, we have built a good reputation through our publications on economy, business and markets for Vietnamese and foreign readers.

Basic

Free

  • Free access to daily domestic news, podcasts and videos

Premium

$5 $1 /month
(VND 23,900)
Monthly Annual

  • Unlimited access to domestic news, podcasts, videos and magazine articles on current social / economic / trade / investment issues, commodity / financial/securities markets, M&A activity, FDI, local and foreign business communities and more.

AUTOMATIC RENEWAL REMINDER

  • Your payment method will then be automatically charged ₫ 899.000 every 365 days thereafter.
  • Your subscription will continue until you cancel.
  • You can cancel by using My account. Under My account, select "Unsubscribe" and then follow the instructions to cancel.
  • You can notify us of your intent to cancel at any time during your billing period. Cancellations take effect at the end of your current billing period.
28.9 C
Ho Chi Minh City
Monday, March 17, 2025

VinFast set to break ground on EV plant in U.S. by end-July

The Saigon Times

Must read

HCMC – Vietnamese automaker VinFast has announced to begin work on its inaugural electric vehicle (EV) plant in the U.S. state of North Carolina on July 28.

VinFast’s EV plant will be situated within the Triangle Innovation Point in Chatham County, North Carolina. Spanning an area of 733 hectares, the plant will have an initial annual capacity of 150,000 vehicles.

The facility comprises two primary sections: an electric vehicle production site, and a supporting industrial zone for suppliers.

VinFast has already obtained permits for the initial phase of the project, as confirmed by a company representative.

Earlier, VinFast received a US$1.2 billion incentive for the construction of the factory from the government of North Carolina, the city of Sanford, Chatham County, and the Golden Leaf Foundation.

With operations expected to commence in 2025, the plant aims to supply electric vehicles to the North American market.

VinFast’s facility represents the first electric vehicle manufacturing plant in North Carolina, signaling a significant step forward in the automaker’s commitment to green transportation.

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