VinFast To Start Building U.S. Factory Next Week, But Will Anyone Want The EVs It’ll Make?

Date Published07/19/2023

Additional Reshoring Information:

Company/Division name VinFast
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Year reshoring announced:2023
Year reshoring implemented or to be implemented:2025
Domestically, the work will be done:In-house
Capital investment ($):4000
Country(ies) from which reshored:Viet Nam
City reshored to:Chatham County
State(s) reshored to:NC
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredEVs
What domestic positive factors made reshoring more attractive?Government Incentives
Government Incentive dollar amount:$1.2 billion
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