North Carolina Strikes Deal with VinFast to Build U.S. Headquarters

In 2022, North Carolina made headlines by securing a deal with Vietnamese electric automaker VinFast to establish its U.S. headquarters and production facility in Chatham County. This move came after the state offered one of the largest incentives packages in its history to attract VinFast.

Massive Incentives Package

The incentives package provided by North Carolina totaled over $1.25 billion, showcasing the state’s commitment to bringing VinFast to the region. This substantial investment demonstrates North Carolina’s dedication to fostering growth in the electric vehicle industry.

Benefits for Both Parties

VinFast stands to benefit greatly from this partnership, gaining access to a strategic location for its U.S. operations. In return, North Carolina anticipates economic growth, job creation, and technological advancements as a result of VinFast’s presence in the state.

Looking Towards the Future

With plans in place for VinFast to establish its headquarters and production facility in Chatham County, both parties are optimistic about the future. This collaboration marks a significant step forward in advancing the electric vehicle market in the United States.

For more information on North Carolina’s partnership with VinFast, click here.