VinFast receives $1.2B in incentives from North Carolina to build US plant, the largest economic package in state history

URLhttps://electrek.co/2022/07/14/vinfast-north-carol
Sourceelectrek
Date Published07/14/2022
Author NameScooter Doll
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name VinFast
Parent companyVinFast
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) reshoredEV
What domestic positive factors made reshoring more attractive?Automation/technology, Eco-system synergies, Government Incentives
Government Incentive dollar amount:$1.2 Billion
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