Being a member of the USABC, VinFast US will benefit from the USABC’s knowledge of the U.S. and ASEAN regulatory and policy framework, as well as policy advocacy to drive forward its business. VinFast US will contribute to fruitful conversations to promote the adoption of electric vehicles in both regions and support the Council’s ongoing efforts to elevate US-ASEAN economic relationship.
“The US-ASEAN Business Council has been an important voice in the development of trade and investment in Southeast Asia since its founding in 1984. The addition of VinFast US to the Council’s membership of leading companies is a testament to how this long-term commitment has been critical to the development of industry in Southeast Asia,” said Le Thi Thu Thuy, Vice Chairwoman of Vingroup – Chairwoman of VinFast. “We are honored to become a member of this illustrious organization, and are excited to see more companies join us in the future.”
“The US-ASEAN Business Council welcomes VinFast US as our newest member. Since its founding, the US-ABC has been focused on how ASEAN matters to the United States and how the United States matters to ASEAN,” said Ted Osius, President & CEO of the USABC and a former US ambassador to Vietnam. “Because it has significant investments in the United States, and partners with many of our other member companies, VinFast US’s participation in the Council will benefit our entire organization.”
Vietnam is America’s 7th largest trade partner in the world and also America’s largest trade partner in the ASEAN region in the 1st half of 2022. Exemplifying the growth potential of bilateral trade between ASEAN nations and the United States is VinFast’s North Carolina production facility, which was announced this past March. Slated to open in 2024, this electric vehicle manufacturing complex represents up to a 2-billion-dollar investment in the facility’s initial production phase and will create thousands of American jobs as vehicle production begins.