US officials highly appreciate Vinfast's electric car production project

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April 1, 2022

VOV.VN - Vinfast's project in North Carolina, with an investment of up to 2 billion USD in phase 1, will be started in 2022 after receiving a construction permit.

VinFast and the government of North Carolina, USA have just signed a memorandum of understanding on the construction of VinFast's first electric car and battery factory in the North American market. Vinfast's project has been supported and welcomed by US officials.

The US Secretary of Energy and the Secretary of Commerce held a press conference on March 31, to highlight President Biden's Infrastructure Act to build a clean energy economy, while encouraging companies to build a clean energy economy. The company invests in manufacturing in the US, strengthens domestic supply chains for clean energy technology, and creates high-paying jobs in the US. Both US ministers highly appreciated Vinfast's project in efforts to build a clean energy economy by the Biden administration.

“Vinfast is the latest example of companies contributing to President Biden's efforts to build a clean energy economy through their massive investments. Surely Vinfast will not be the last company to join this effort. Once again I want to thank Vinfast for choosing to invest in the US, hire workers in the US, and make us more energy independent,” said US Energy Secretary Jennifer Granholm.

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Vinfast's project has been supported and welcomed by US officials.

Speaking at the press conference, Vietnamese Ambassador to the US Nguyen Quoc Dung said that so far there have been more than 70 projects, with a capital of about 300 million USD invested by Vietnamese enterprises in the US, but this is This is the first time there is a project of this scale and creating thousands of jobs for Americans.

“This is a very special and very significant event, and says three big things. Firstly, this is the result of the rapid development of the Vietnam-US relationship since the normalization of relations until now. Second, it shows the rapid and outstanding growth of Vietnam and Vietnamese enterprises. Currently, Vietnam and Vietnamese businesses have enough capacity to fully integrate into the international economy and can reach out to distant markets like the US. Third, it shows that the future of Vietnam-US relations is very bright. The potential of the two countries is still very much. With more than 2 million Vietnamese living in the US and tens of thousands of Vietnamese students studying in the US, as well as the interest and support from businesses of both sides, it shows the development potential of the relationship between the two countries. system is very large. I believe the success of Vinfast is an encouragement for many Vietnamese businesses to also pay attention to the US market and will invest more", said Ambassador Nguyen Quoc Dung.

Vinfast's project in North Carolina, with an investment of up to 2 billion USD in phase 1, will be started in 2022 after receiving a construction permit and is expected to be operational in July 2024 . The capacity of phase 1 is expected to be 150,000 vehicles/year.
 
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