Under Secretary Lago to Celebrate Groundbreaking of VinFast Electric Vehicle Facility in Raleigh, North Carolina
FOR IMMEDIATE RELEASE
Thursday, July 27, 2023
Contact: Office of Public Affairs
WASHINGTON – On Friday, July 28, 2023, Under Secretary of Commerce for International Trade Marisa Lago will travel to Raleigh, North Carolina, to participate in the groundbreaking ceremony of Vietnamese automaker VinFast’s first electric vehicle manufacturing facility in North Carolina.
Under Secretary Lago will join Madame Thuy Le, Vingroup’s vice chairman and the CEO of VinFast Global, and Governor Roy Cooper, among other foreign dignitaries, local elected officials, faith-based organizations, and business leaders as they break ground on the $4 billion electric vehicle and batteries manufacturing complex located in the Triangle Innovation Point in Chatham County, North Carolina. This is VinFast’s first auto factory in North America and Vietnam’s largest foreign direct investment (FDI) project ever in the United States.
A client of the International Trade Administration’s SelectUSA program, which focuses on attracting job-creating business investments into the United States, VinFast’s FDI in North Carolina is expected to create up to 7,500 jobs in the region. Increasing electric vehicle and battery manufacturing aligns with the Biden-Harris Administration’s efforts to combat the climate crisis by encouraging the manufacturing and deployment of clean energy technology.
About the International Trade Administration
The International Trade Administration (ITA) at the U.S. Department of Commerce is the premier resource for American companies competing in the global marketplace. Operating in more than 100 U.S. locations and 80 markets worldwide, ITA promotes trade and investment, assists U.S. businesses and workers to export and expand globally, and ensures fair trade and compliance by enforcing U.S. trade laws and agreements. For more information on ITA, visit www.trade.gov.