HANOI : Vietnam's automaker VinFast on Friday said it will push back its plan to start operations of its electric vehicles factory in the United States until 2025, citing a procedural delay.
"We need more time to complete administrative procedures," VinFast said in a statement on the delay, which did not specify when in 2025 the plant was expected to start operations. VinFast last month was awarded an Air Permit from local authorities to start construction. It still needs a permit from the U.S. Army Corps of Engineers designed to minimise damage to water quality and wetlands.
Last year VinFast filed for an initial public offering in the United States to list on the Nasdaq to fund its the plant construction.
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