Company/Division name | VinFast |
Parent company | VinFast |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
What product(s) and/or service(s) were outsourced domestically? | Manufacturing |
Year reshoring announced: | 2022 |
Domestically, the work will be done: | In-house |
Capital investment ($): | 2000 |
Country(ies) from which reshored: | Viet Nam |
State(s) reshored to: | NC |
If relevant, work nearshored to: | - |
Industry(ies): | Transportation Equipment |
Product(s) reshored | EV |
What domestic positive factors made reshoring more attractive? | Automation/technology, Eco-system synergies, Government Incentives |
Government Incentive dollar amount: | $1.2 Billion |