HSBC’s $13.6 Billion Take-Private Offer for Hang Seng Bank Gains Board Backing 
United Airlines Tokyo-Bound Flight Returns to Dulles After Engine Failure 
Fed Rate Cut Signals Balance Between Inflation and Jobs, Says Mary Daly 
U.S. Stock Futures Mixed as Tech and AI Stocks Face Pressure Ahead of CPI Data 
Coca-Cola’s Proposed Sale of Costa Coffee Faces Uncertainty Amid Price Dispute 
California Jury Awards $40 Million in Johnson & Johnson Talc Cancer Lawsuit 
Korea Zinc to Build $7.4 Billion Critical Minerals Refinery in Tennessee With U.S. Government Backing 
Korea Zinc Plans $6.78 Billion U.S. Smelter Investment With Government Partnership 
Dollar Struggles as Markets Eye Key Central Bank Decisions and Global Rate Outlooks 
Ford Takes $19.5 Billion Charge as EV Strategy Shifts Toward Hybrids 
Woolworths Faces Fresh Class Action Over Alleged Underpayments, Shares Slide 
FAA Unveils Flight Plan 2026 to Strengthen Aviation Safety and Workforce Development 
Mizuho Raises Broadcom Price Target to $450 on Surging AI Chip Demand 
Oil Prices Rebound as U.S.-Venezuela Tensions Offset Oversupply Concerns 
Asian Technology and Chipmaking Stocks Slide as AI Spending Concerns Shake Markets 
Asian Stocks Slide as Central Bank Decisions and Key Data Keep Investors Cautious 
Azul Airlines Wins Court Approval for $2 Billion Debt Restructuring and New Capital Raise 
VinFast, a Vietnamese electric vehicle manufacturer, finally started the construction of its manufacturing plant in the United States following the groundbreaking ceremony that was held on Friday, July 28, in North Carolina.
The EV maker said the plant is being built on a 1,800-acre facility, and phase 1 was designed to make up to 150,000 vehicles per year. Originally, VinFast set the opening of the factory in 2024, but it was moved to 2025; thus, the start of construction was also postponed. In March, the company shared that the holdup was due to procedural delay, explaining that they “need more time to complete administrative procedures.”
In any case, according to CNBC, the state of North Carolina granted a $1.2 billion incentive to the Vietnam-based company for the factory. The facility will also mark VinFast’s arrival in the American EV market, and this means it will soon be competing with dominant players in the industry, such as Tesla and BYD.
At the groundbreaking ceremony, Governor Roy Cooper was present along with other state officials and executives of VinFast. This is a remarkable project as it will also create about 7,500 jobs for the locals and help boost the territory’s economy. ABC11 News reported that NC’s Chatham County was chosen out of 29 locations being considered for the project.
“Today's event marks a new milestone for VinFast, affirming our commitment to the North American market,” VinFast’s chief executive officer, Madam Le Thi Thu Thuy, said in a press release. “Not only will this project create thousands of jobs and contribute to North Carolina’s economic development, but VinFast’s electric vehicles produced here will also bring additional economic benefits to consumers. We also look forward to contributing to the development of the North Carolina community – our second home – during the production and business operation here.”
Photo by: Vinfast Press Release
