{"id":736,"date":"2026-05-22T08:34:27","date_gmt":"2026-05-22T08:34:27","guid":{"rendered":"https:\/\/durhammovinghub.com\/?p=736"},"modified":"2026-05-22T08:34:27","modified_gmt":"2026-05-22T08:34:27","slug":"nc-sues-vinfast-to-take-over-chatham-county-site-after-company-resists-sale","status":"publish","type":"post","link":"https:\/\/durhammovinghub.com\/?p=736","title":{"rendered":"NC sues VinFast to take over Chatham County site after company resists sale"},"content":{"rendered":"

In a lawsuit that signals the end of a once-celebrated collaboration, North Carolina has sued the Vietnamese electric vehicle company VinFast to acquire the company\u2019s dormant site in southeast Chatham County.<\/p>\n

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State Attorney General Jeff Jackson filed the lawsuit Thursday in Wake County on behalf of the N.C. Department of Commerce.<\/p>\n

\u201cVinFast agreed to build a factory and create jobs for North Carolinians,\u201d Jackson wrote in a press release. \u201cIt didn\u2019t do either.\u201d<\/p>\n

In March 2022, North Carolina awarded the nascent EV maker an economic incentive to operate the state\u2019s first major auto assembly plant, about 30 miles southwest of downtown Raleigh.<\/p>\n

The details were eye-popping; VinFast committed to build a $4 billion, 7,500-worker battery and car facility on a 1,765-acre campus near the unincorporated community of Moncure. The state offered both performance-based incentives (to be realized only after hiring occurred) and millions of dollars to cover VinFast\u2019s initial site preparation.<\/p>\n

As of July 2024, the state had paid $51.7 million<\/a> toward VinFast\u2019s site, $28.4 million toward the surrounding roadwork, and over $15 million for the nearby city of Sanford to improve its water and sewer systems.<\/p>\n

To protect this upfront funding, North Carolina designed a special purchasing agreement that allows the state to buy all or part of the land if VinFast didn\u2019t meet specific development deadlines.<\/p>\n

One requirement was that the company start local manufacturing by July 1, which VinFast won\u2019t accomplish. Another is that the company would have started vertical construction by January 2024. The carmaker has yet to construct any significant vertical structures on the Chatham County campus, which VinFast now says will open in 2028 \u2014 four years later than original projections.<\/p>\n

\u201cVinFast has failed to take any concrete action that shows it can and will fulfill its obligations to the State,\u201d the state argued in its 191-page lawsuit. \u201cVinFast abandoned work on the Site for over a year. Not only did the Company fail to create jobs \u2014 it made zero progress towards the construction of any buildings or structures.\u201d<\/p>\n

To avoid triggering the buyback agreement<\/a>, VinFast must also create 1,750 jobs at the Moncure site by the end of this year.<\/p>\n

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VinFast has yet to gain a foothold in the North American market. Following poor reviews<\/a> for its inaugural electric SUV, the company shifted resources toward its Asian production sites. VinFast reported delivering 3,800 vehicles<\/a> to the U.S. in 2024 and declined to share updated figures with The N&O earlier this year.<\/p>\n

\u201cToday\u2019s action is about protecting taxpayers and getting the Chatham County mega-site back on the market to support future good-paying manufacturing jobs,\u201d Gov. Josh Stein wrote in the statement Thursday.<\/p>\n

According to the lawsuit, North Carolina officials met with VinFast chairwoman Le Thi Thu Thuy and other company leaders on Dec. 11 to discuss steps for exercising the site buyback option.<\/p>\n

\u201cThe State expressed interest in a collaborative approach and a willingness to coordinate with VinFast on any public statements surrounding the State\u2019s purchase of the Site,\u201d the N.C. Department of Justice wrote. \u201cVinFast rejected this offer and reiterated its plans to construct a facility on the Site without explaining how it planned to have an operational facility by its deadline in six months, given that it had yet to erect a single building or structure on the Site.\u201d<\/p>\n

In February, VinFast again denied the state\u2019s assertion that it had defaulted on its development agreement, the lawsuit reads.<\/p>\n

In a statement Thursday to The News & Observer, VinFast said the company still planned to build on the Chatham County site.<\/p>\n

\u201cContracts with contractors have already been signed, and construction activities are expected to commence shortly in accordance with the planned schedule,\u201d the statement read.<\/p>\n

VinFast said it will review the state\u2019s lawsuit and provide an official response. \u201cWe have only become aware of the matter through public media reports and have not yet received any official documentation from the State of North Carolina,\u201d its statement read.<\/p>\n

Read more NC lawmakers are taking a week off. Why now, and what it means for the budget<\/a><\/p>\n

This story was originally published May 21, 2026 at 4:58 PM.<\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

VinFast is sued by North Carolina AG Jeff Jackson over stalled Chatham County electric vehicle factory in Moncure, near Raleigh, after failing to build plant<\/p>\n","protected":false},"author":1,"featured_media":735,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-736","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-read-todays-edition"],"yoast_head":"\nNC sues VinFast to take over Chatham County site after company resists sale - Durham Moving Hub<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/durhammovinghub.com\/?p=736\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NC sues VinFast to take over Chatham County site after company resists sale - 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