February 14

Vietnamese EV Maker VinFast Says Job Cuts Won’t Derail Plans to Start U.S. Production

By Sheila Chiang

Vietnamese electric vehicle maker VinFast told CNBC it’s on track to start production in the U.S. by 2024 even though the company is cutting its head count in North America.

Vietnam’s first domestic automaker previously announced plans to go public in the U.S.

Just this week, VinFast — the automotive arm of Vietnam’s biggest conglomerate Vingroup — announced it will be cutting jobs in the U.S. in a restructuring exercise that will consolidate its operations across the U.S. and Canada.
Photo courtesy of khengsiong.

Source: CNBC (link opens in a new window)

Energy, Technology, Transportation
electric vehicles, employment, manufacturing, transportation