20 Vietnamese companies participated within the 2023 SelectUSA Funding Summit on Might 4 to hunt alternatives to speculate or develop their operation in the USA.
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The summit noticed the participation of many US companies and associations with investments in Vietnam. The occasion additionally welcomed over 1,200 traders from 70 international locations and territories everywhere in the world.
The 20 companies, which have invested within the US or have the intention to take action, function in numerous industries, together with software program; electrical automobiles (EVs) and battery manufacturing; development and inside ornament; logistics and transport; meals processing; and packaging.
For instance, VinFast is dedicated to investing giant volumes of capital within the US. The group plans to arrange an EV manufacturing advanced in North Carolina, set to enter operation by 2024. The ability will ultimately have capability to supply as much as 150,000 EVs yearly, with the corporate planning to start out off with two giant SUV fashions that have been unveiled final 12 months. The meeting plant itself will price about $2 billion, although further operations, reminiscent of a battery facility, ought to carry the full price to $6.5 billion.
The gathering was organised by the Vietnamese Embassy in Washington DC in coordination with The Asia Group. Diane Farrell, Deputy Underneath Secretary for Worldwide Commerce within the Division of Commerce, mentioned, “The US will help Vietnamese corporations to make the right selections after they spend money on the American market.”
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