Vietnam's Vinfast plans electric car plant in US


HANOI, March 7 (Bernama): VinFast Trading and Production LLC, a subsidiary of Vietnamese conglomerate Vingroup, plans to set up an automobile plant in the United States after establishing a 50-member R&D office in San Francisco in preparation for California automobile sales in 2022.

VinFast’s vision is to become a global smart electric car company and the US market is one of the first international markets that we will focus on,” reports Vietnam News Agency (VNA), according to Bloomberg which quoted VinFast Chief Executive Officer Thai Thanh Hai as saying.

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