State Government
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Committed $1.2 billion in incentives; proceeding with infrastructure
Vietnam has never had its own automaker—until VinFast. In July 2023, the six-year-old company broke ground on a 1,800-acre electric vehicle factory in rural North Carolina, pledging $4 billion and 7,500 jobs. It marked the largest economic development project in state history and North Carolina's first automotive manufacturing facility.
Updated Feb 10
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