US President Joe Biden congratulates VinFast on building a $4 billion factory in the US
“Today, VinFast announced that it will build an electric vehicle and battery factory in North Carolina – a $4 billion factory, creating 7,000 jobs. It’s the latest example of how our economic strategy has come into play. effect”, the US President’s official Twitter account @POTUS posted information.
The official website of the White House also published this information, claiming that VinFast’s construction of a $4 billion factory in the US, along with the efforts of Ford, GM and Siemens to invest back in the US and create jobs represents the efforts of President Joe Biden’s government in building a clean energy economy, rebuilding supply chains in the US, and reducing costs for the American people.
Sharing on Twitter on the morning of March 30, Mr. Nguyen Quoc Dung – Vietnamese Ambassador to the US said: “It is an honor and pride to attend the closing ceremony between VinFast and Carolina today. Thousands of car models. VinFast’s electricity will be produced and create thousands of jobs, making our planet greener.”
VinFast’s factory will be located at Triangle Innovation Point industrial park, Chatham County with an area of about 800 hectares and includes 3 main areas: production and assembly area for electric cars and electric buses; battery production area for electric vehicle products and ancillary industry area for suppliers.
Phase 1 of the plant will start construction right in 2022 after receiving the construction permit and is expected to be operational in July 2024. The capacity of phase 1 is expected to be 150,000 vehicles/year. According to the memorandum of understanding, VinFast will continue to invest in the factory in various phases. The first models produced at the factory include the VF 9 – a 7-seat large SUV and the VF 8 – a 5-seat mid-size SUV.
Governor of North Carolina, Mr. Roy Cooper said: “North Carolina is rapidly becoming the center of the clean energy economy. VinFast’s large-scale project will bring many good local jobs, as well as a a cleaner environment as more and more electric vehicles appear on the streets, contributing to reducing greenhouse gas emissions.”
The factory will also create thousands of new local jobs. The North Carolina Department of Commerce is the promotion agency to attract investment from VinFast, with the coordination of many state, regional and local organizations.
North Carolina Secretary of Commerce Machelle Baker Sanders said: “Automotive assembly plants are a powerful engine of economic growth because of their positive effects on the region’s economy. I am very excited. glad that VinFast has chosen North Carolina as the launch site for its production activities in North America.We will actively work together to ensure that VinFast can recruit a highly skilled workforce, meet the development requirements of the company.”
VinFast was established in 2017 with its headquarters in Hanoi and a modern, large-scale production complex with a capacity of up to 950,000 vehicles per year by 2026 in Hai Phong, Vietnam.
VinFast has now established operations in international markets, including the US, Canada, Germany, France and the Netherlands. The company’s green product ecosystem distributed in Vietnam includes electric cars, electric motorbikes, electric buses, charging stations and clean energy solutions.
Le Thi Thu Thuy – Vice President of Vingroup and General Director of VinFast Global shared: “North Carolina’s strong commitments to clean energy development, combating climate change and reducing greenhouse gas emissions in transportation, making this an ideal place for VinFast to develop high-end, smart and environmentally friendly electric vehicle products. stabilizing prices and shortening product delivery time, making VinFast’s electric vehicles more accessible to customers, contributing to realizing the local goals of improving the environment.”
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