Vinfast to hold EV factory groundbreaking ceremony in US
VinFast, the subsidiary automaker of Vietnamese conglomerate Vingroup, has announced it will hold a groundbreaking ceremony of its electric vehicle (EV) factory in North Carolina, the US, on July 28.
VinFast will hold a groundbreaking ceremony of its electric vehicle (EV) factory in North Carolina, the US, on July 28. (Photo: VNA)
Hanoi (VNA) 🐠– VinFast, the subsidiary automaker of Vietnameseconglomerate Vingroup, has announced it will hold a groundbreaking ceremony of its electric vehicle (EV) factory in North Carolina,the US, on July 28.
This will be the first EV manufacturingfacility in the state and help contribute to the supply of this kind of vehicles in North America, accelerating the global greenmobility revolution. The facility will be built at theTriangle Innovation Point in Chatham County. Covering anarea of approximately 1,800 acres, VinFast's factory is designed to reach acapacity of 150,000 vehicles per year in Phase 1. The factory will consist oftwo main areas: production and assembly. The complex will alsohouse supplementary supplier businesses. The project has received basic permits to begin Phase1 construction. When the manufacturing complex commences operations, VinFast'sfactory will create an ecosystem of suppliers and help generate thousands of newjobs. Le Thi Thu Thuy, CEO of VinFast Auto, said that themanufacturing facility in North Carolina is one of VinFast's keyprojects. When it begins operations, the factory will be VinFast's primarysupplier of EVs to the North American market. The company also hopesthe construction of the factory in Chatham County will contribute toadvancing the clean energy economy in the US and help to support NorthCarolina's green mobility strategy. The factory is expected to start production in 2025.Last year, VinFast was awarded a 1.2 billion USD incentive packagefrom the State of North Carolina for this project, along withcritical financial support from the City of Sanford, Chatham County, andthe Golden Leaf Foundation. In addition to thefactory, VinFast is accelerating its business and brand recognition in the US by expanding its retail store and service centre system, organising local testdrives and displaying products events throughout California. These effortswill aid in bringing opportunities for customers to directly experienceVinFast's EVs./.
VinFast, the subsidiary automaker of Vietnamese conglomerate Vingoup will give the public a look at its new lineup of electric cars (EVs) at an exhibition running from July 7 to September 20.
VinFast, the subsidiary automaker of Vietnamese conglomerate Vingroup, launched the exhibition series "VinFast - For a Green Future" in Hanoi on July 7.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
VinFast will hold a groundbreaking ceremony of its electric vehicle (EV) factory in North Carolina, the US, on July 28. (Photo: VNA) 
