Vinfast US to join US-ASEAN Business Council
Hanoi (VNA) - US-ASEAN Business Council (USABC) announced on
December 15 that VinFast US, member of Vietnam’s largest private
corporation Vingroup, has become the newest member of the council.
USABC is the
premier advocacy group and the only US-based organisation recognised in the
Association of Southeast Asian Nations (ASEAN) Charter.
Being a member of the USABC will help VinFast US enhance knowledge
of the US and ASEAN regulatory and policy framework, as well as policy advocacy
to drive forward its business. VinFast US will contribute to promoting 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, said Le Thi Thu Thuy, Vice Chairwoman of Vingroup and Chairwoman
of VinFast.
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,
she added.
Ted
Osius, President & CEO of the USABC and a former US ambassador to Vietnam, said VinFast US's participation in the
council will benefit the entire organisation because it has significant investments in the US and partners with many of other
member companies.
Vietnam is the US's 7th largest trade
partner in the world and also its largest trade partner in the ASEAN
region in the 1st half of 2022.
VinFast's plan to build an electric vehicle factory in North Carolina announced in March 2022 is a testament to the growth of bilateral trade between ASEAN and the US. Slated to open in 2024, this facility is expected to create jobs for thousands of Americans./.