July 21, 2023
President Joe Biden tweeted a March 2022 White House statement that said the VinFast plant would create more than 7,000 jobs. The factory will have an initial investment of as much as $2 billion, CEO Le Thi Thu Thuy said last year.
The factory will consist of two main areas, EV production and assembly sites. The complex will also house facilities for suppliers, according to the statement.
“When it begins operations, the factory will be VinFast’s primary supplier of electric vehicles to the North American market,” Thuy said in the statement.
A SPAC merger, if successful, will stamp VinFast’s years-long…
