VinFast receive $1.2 billion from North Carolina

VinFast receive $1.2 billion from North Carolina

VinFast announced they have received a $1.2 billion incentive package from the State of North Carolina for its electric vehicle manufacturing project in the US. The largest economic incentive package in state history was signed this week by Governor Roy Cooper, making VinFast the first car maker to locate in the North Carolina. The VinFast's manufacturing facility will be built at the Triangle Innovation Point in Chatham County, North Carolina with a total investment of about $2 billion USD in the first phase.

Covering an area of 2,000 acres, with two main areas: electric cars and buses production and assembly, and ancillary industries for suppliers, VinFast's factory is designed to reach the capacity of 150,000 vehicles per year. When brought into operation, the manufacturing complex will create an ecosystem of suppliers as well as thousands of local jobs, thereby creating both direct and indirect economic benefits.

"North Carolina's partnership with VinFast to bring good, clean energy jobs to North Carolina took an important step forward today with the signing of the budget, said Roy Cooper, Governor of North Carolina. "Electric vehicles, like the ones VinFast will produce in Chatham County, are a critical component of our strategy to reduce greenhouse gas emissions and build North Carolina into a hub for the clean energy economy."

"VinFast applauds North Carolina for their efforts and determination in advancing the state's clean energy economy and carbon mitigation goals," said Van Anh Nguyen, CEO of VinFast Manufacturing US. "This investment by the State of North Carolina is the starting point for a future marked by innovation, job creation, and economic growth. Today exemplifies how government and industry can come together to pursue a brighter future."

Phase one of the project will start construction in the second half of 2022 and production is expected to commence from July 2024. The factory establishment once again affirms VinFast's commitment to expand its business and invest in key locations across the US and globally. In North Carolina, VinFast will be the first car factory and the largest economic development project in the state's history to date.

"The North Carolina General Assembly is thrilled that VinFast chose North Carolina for its monumental expansion," said Phil Berger, President Pro Tempore of the North Carolina Senate. "There's no question the business-friendly policies we've prioritized over the last decade played a pivotal role in VinFast's plan to bring thousands of good-paying jobs to North Carolina."

"North Carolina is heading into an exciting era of innovation with one of our newest corporate citizens, VinFast," said Tim Moore, Speaker of the North Carolina House of Representatives. "As our state continues its growth with new and expanding businesses, we will continue to work alongside VinFast as the company establishes roots in North Carolina and brings new jobs and opportunities for North Carolinians."

Additionally, VinFast has received incentives from commercial organizations in the State of North Carolina, which is excluded from the government budget, up to hundreds of millions USD

VinFast – a member of Vingroup – envisioned to drive the movement of global smart electric vehicle revolution. Established in 2017, VinFast owns a state-of-the-art automotive manufacturing complex with globally leading scalability in Hai Phong, Vietnam.

Strongly committed to the mission for a sustainable future for everyone, VinFast constantly innovates to bring high-quality products, advanced smart services, seamless customer experiences, and pricing strategy for all to inspire global customers to jointly create a future of smart mobility and a sustainable planet. Learn more at:

Established in 1993, Vingroup is one of the leading private conglomerates in the region, with a total capitalization of $35 billion USD from three publicly traded companies (as of November 4, 2021). Vingroup currently focuses on three main areas: Technology and Industry, Services and Social Enterprise.

Vietnam Reinforces its Sustainability

Vietnam Reinforces its Sustainability

TotalEnergies has completed a rooftop-mounted solar system for Golden Victory Vietnam Co., Ltd., one of the biggest shoes and footwear manufacturers and a key supplier for globally renowned sportwear brands, to power the needs of the company's production buildings in Nam Dinh Province, Vietnam.

With strict requirements from clients to reduce carbon footprint in the production process as well as to increase the percentage of renewables in the energy mix, Golden Victory was looking for feasible initiatives to incorporate the emission reduction and green development into their sustainable development strategy. They decided to install solar photovoltaic (PV) system that can show a strong commitment to their clients' initiatives and were looking for a partner for development.

Golden Victory had two concerns about the PV system installation – one being the potential impact of low irradiance on the system's performance due to the factory's location in Northern Vietnam, and the other being safety in project implementation. They needed a reliable partner who can solve both concerns.

This led them to TotalEnergies, known for its more than 50 years of experience in deploying renewable energy solutions on highly technical and complex sites around the world. TotalEnergies provided the most suitable and tailored solution for Golden Victory, ensuring the highest safety and quality standards.

Under the contract signed between Golden Victory and TotalEnergies, TotalEnergies is responsible for the construction and operation and maintenance of the PV system for a period of 20 years, and Golden Victory will pay for the power generated without taking any upfront investment. The 2.9 MWp on-site solar PV system has been commissioned and started producing clean energy from January 2022. It generates approximately 3,300 MWh annually and contributes up to 21% of Golden Victory's energy mix, reducing more than 1,000 tons of CO2 emissions per year, the equivalent of planting 15,500 trees.

By partnering with TotalEnergies for the installation of the on-site PV system, TotalEnergies takes care of the system with the best technical expertise while Golden Victory can utilize their unused roof area to maximize the facility's value, keep their focus on their core business and power their energy needs with a high-performance PV system providing electricity that is cheaper than the grid.

Catherine Liu, Factory Manager of Golden Victory said, "Using green energy is a necessity, and it is also an important indicator for us to achieve sustainable development. The installation of rooftop solar photovoltaic power generation project is not only what we are fulfilling as a good corporate citizen responsibility but also supports sustainability at the same time. We are glad to cooperate with TotalEnergies to achieve sustainability goals in energy saving and carbon reduction."

Gavin Adda, Head of TotalEnergies Renewables Distributed Generation Asia said, "We are thrilled to see that more and more large companies are taking firm actions in their energy transition, taking into account business development while protecting the environment. TotalEnergies is always looking to support customers in their environmental efforts by providing the most suitable and cost-effective solution so that they can achieve both goals in parallel, such as reducing their energy costs and reducing carbon emissions."

TotalEnergies Renewables Distributed Generation is a major international provider of fully integrated distributed solar energy solutions, including solar-powered rooftops, carport and ground-mounted solar power plants, with a portfolio of over 800 MW of projects in construction and operation worldwide. In Asia, TotalEnergies Renewables Distributed Generation is one of the largest and fastest players in renewable energy distributed generation in the region for commercial and industrial customers, with a portfolio of over 600 MW of projects in development and operation across 10 countries.

As part of its ambition to get to net zero by 2050, TotalEnergies is building a portfolio of activities in renewables and electricity. At the end of September 2021, TotalEnergies' gross renewable electricity generation capacity is 10 GW. TotalEnergies will continue to expand this business to reach 35 GW of gross production capacity from renewable sources by 2025, and then 100 GW by 2030 with the objective of being among the world's top 5 producers of electricity from wind and solar energy.

TotalEnergies is a global multi-energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Our more than 100,000 employees are committed to energy that is ever more affordable, cleaner, more reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.

Discovering Fascinating Rivers

Discovering Fascinating Rivers

Vietnam's famous rivers are an integral part of the culture, history, and landscape of the country. The rivers in Vietnam have nourished traditional values in every landscape for over 4000 years, and each has a unique story to tell. These stories come together to create the unique culture of Vietnam. A visit to Vietnam is not complete without spending some time exploring the country's famous rivers. Here are some of the most well-known Vietnamese rivers:

Mekong River: If you are in Vietnam, you will want to explore the country's famous rivers. The Mekong River ranks as the longest river in Southeast Asia and originates in the Tibetan Plateau in China. It flows through China, Myanmar, Laos, and Cambodia before discharging into the South China Sea. The river has been an essential trade route for centuries, draining parts of China and other Asian countries. The Mekong Delta is that region in southern Vietnam, which is home to seventeen million people; it's also a vast agricultural area. Unfortunately like many rivers in the world plastic pollution has become a serious problem and everyone needs to do their part to stop plastic waste.

The country has more than two thousand kilometres of rivers spanning nearly all of its landscape. You can explore these waterways to get a taste of local life and learn about their fascinating history. Some of the rivers flow into world-famous lakes; many others provide fascinating life and beauty to the surrounding regions. While exploring the rivers of Vietnam, you should consider the many activities that eternally revolve around each of them.

Perfume River: During your visit to Vietnam, make sure to include a day trip to the famous Perfume River, which forms a part of Hue City. This 80-km river flows from the mountain called Truong Son, passing through the city centre and Bang Lang Fork. The river's pristine, green landscape makes for a beautiful day on a long boat ride. You can visit the river at sunset, as it carries the fragrance of flowering trees and other flora into the city.

Perfume River is named after the many orchards that grow upstream. The river pleasantly gives off a rich, flowery scent in the fall when the orchards blossom. Another famous river is Thu Bon, which flows from the mountains bordering Laos. Early traders used this river to move their produce downstream. Over time, it became an important deep-sea trading port. Today, it's among the most beautiful towns in Southeast Asia.

Ben Hai River: Whether it's for pleasure or business, you can discover the many tributaries of Vietnam's famous rivers. Ben Hai River never fails to amaze visitors with its extraordinary beauty and enchantment. A boat tour along the river will take you to picturesque destinations, allowing you to see the magnificent scenery it offers. Alternatively, you can enjoy the scenery from a high-rise building or hotel. Regardless of your preference, these fascinating spots can make your tour of Vietnam unforgettable.

Generally, rivers have always played a vital role in the traditional Vietnamese culture. Indeed, the rivers' presence has nourished traditional values, shaping the country's landscape. Today, over four thousand years later, these rivers form an integral part of Vietnamese culture, each with its own unique story to tell. The stories weave together to create a distinctive Vietnam culture. If you have the time and energy to travel throughout Vietnam, take the time to discover these famous, unforgettable waterways.

Da River: One of the most popular destinations in Ha Giang is the Nho Que River, which starts at the foot of the legendary Ma Pi Leng Pass and flows into Cambodia. Motorbike lovers will love this destination because it is a great alternative to the famous pass. The area is surrounded by mountains and cliffs, and the sound of the river is a wonderful highlight. A trip down the river is an unforgettable experience, with countless beautiful sites and breathtaking waterfalls.

As noted, Vietnamese rivers have played a significant role in Vietnamese culture for over 4000 years. For one, the rivers help maintain the traditional values of every landscape; each has a distinct story to tell. Thus, it's advisable to take time to discover Vietnam's famous rivers while on your trip. Certainly, discovering Vietnam's rivers will help you appreciate the country's unique culture and natural beauty. Yes, consider visiting these places on your next vacation.

Nho Que River: A motorbike ride on one of Vietnam's famous rivers is a must for any biker! The Nho Que is perhaps the most beautiful river in the country; it's located at the foot of the legendary Ma Pi Leng Pass. Nho Que river is surrounded by cliffs- this makes it a motorbike lover's paradise. Besides the beautiful landscape, the Nho Que River ranks as the veritable sound of nature.

Black River begins in China and flows into Northwestern Vietnam. This river is home to three of Vietnam's largest hydroelectric plants, generating around 1920 megawatts of electricity each year. On the banks of the Black River, Hoa Binh City sits. In Hoa Binh, the Black River merges with the Red River, flowing into Hanoi. From there, it flows into the sea, where it merges with the Mekong.

Vietnam's rivers are not only beautiful and diverse; they're also important to the country's economy and cultural heritage. If you love water, you'll find that touring Vietnam's rivers is a great way to immerse yourself in the country's natural beauty.

National Geographic Expeditions Announces 2023 Trips

National Geographic Expeditions Announces 2023 Trips

National Geographic Expeditions, the leading brand offering travelers unparalleled access to global destinations through the lens of knowledgeable National Geographic Experts, announces more ways to see the world in its Signature Land category with the launch of 2023 itineraries. New to the lineup is the expansion of the Vietnam, Laos and Cambodia: Ancient Temples and Natural Wonders expedition, giving travelers an even more in-depth and off-the-beaten-path exploration through the wonders of Southeast Asia.

The redeveloped itinerary, Vietnam, Laos and Cambodia: Ancient Temples and Natural Wonders, adds two exciting stops to its previous collection of expedition favorites and provides even more behind-the-scenes looks at several Southeast Asian projects funded by the National Geographic Society. Travelers will embark on a 17-day, 16-night excursion across Ho Chi Minh City, Can Tho, Hue, Hanoi, Ninh Binh, Luang Prabang and Siem Reap, with local experts joining itinerary activities.

Highlights of the expedition include: Brand new experiences, such as a sampan tour along the peaceful canals of Tan Phong Islet followed by a cycle excursion through charming villages and a visit to Cai Rang Floating Market ­— the most famous market of Mekong Delta. Tried-and-true traveler favorite visits to the Angkor Conservation Center — a site rarely open to the general public — to discover thousands of protected statues recovered from the archaeological site, and the Golden Silk Pheach Preservation Center — one of the last silk producers in the world where the silk-making process (raising silkworms to weaving) is fully integrated in one place. An array of bold flavors, as travelers sample everything from authentic Vietnamese iced coffee and street fare to a five-course gala dinner. Must-see sites, including a stop at UNESCO World Heritage site Angkor Archeological Park, home to the magnificent Angkor Wat temple. A journey back into history with tours of Emperor Tu Duc and Khai Dinh Tombs in Hue, as well as a visit to the Purple Forbidden City. An in-depth look at two National Geographic Society conservation initiatives during visits to save Vietnam's Wildlife Rescue Center, where orphaned and injured wildlife are rehabilitated before being released back into the wild. There, travelers learn about initiatives spearheaded by National Geographic Explorers and other researchers to protect critically endangered pangolins. Tat Kuang Si Bear Rescue Center, where travelers observe the Asiatic black bears — also known as moon bears given the distinct crescent moon shape on their chest — and hear from a conservationist about the National Geographic-funded research to protect these unique animals.

The expedition's departure dates begin in late December 2022 and extend to March 2023.

When traveling with National Geographic Expeditions, travelers will not only channel their inner explorer by going deeper into the storytelling of a destination, but wherever possible, they will have opportunities to witness firsthand the impact of the support they give by choosing to travel with National Geographic. Expedition itineraries are custom-designed to grant special access to National Geographic Society-funded initiatives all around the world where travelers will participate in meaningful and enlightening experiences, such as taking part in reforestation efforts alongside researchers in Costa Rica, planting a giant clam in a marine sanctuary in Palau or joining a primatologist in search of chimpanzees in Uganda.

The ability to give back extends well beyond the trip experience, with a portion of the proceeds from every expedition supporting the global community of National Geographic Explorers. Each year, the National Geographic Society awards more than 575 grants to scientists, educators, storytellers, conservationists, technologists and many other changemakers who help define some of the critical challenges of our time, drive new knowledge, advance new solutions and inspire positive, transformative change.

Filled with endless opportunities for exploration, the more than 30 National Geographic Expeditions Signature Land trips provide premium, fully planned itineraries that give travelers rare access to places around the globe, paired with unique opportunities to experience a destination through the eyes of the storytellers behind National Geographic. Whether face-to-face with an elephant in the Serengeti, listening to a wildlife biologist explain its every move or gazing at prehistoric cave paintings alongside a paleontologist in France, each Signature Land trip is hosted by a National Geographic Expert who provides a one-of-a-kind perspective. With specialties such as filmmaking, conservation, photography, archaeology, geography and many more, the Experts who travel on Signature Land expeditions are passionate storytellers who have a close connection to National Geographic, and their unique insights foster a travel experience that enlightens, inspires and goes in-depth like no other.

For more than 130 years, National Geographic Explorers have ventured across continents and into remote cultures, down to the oceans' depths and up the highest mountains to further their understanding of the world. National Geographic Expeditions builds upon this legacy, inviting travelers to embrace their inner explorer and encounter the wonders of the world firsthand — up close and in depth — and be inspired by the experience. With over 150 ways to explore the world via Signature Land, Private or Custom Expeditions, Expedition Cruise, River Cruise, or Private Jet, National Geographic Expeditions gives travelers unparalleled access to the world through the eyes of knowledgeable Experts. Additionally, traveling with National Geographic Expeditions helps further the work of the global community of National Geographic Explorers around the world. Every year, a portion of proceeds is distributed to the National Geographic Society, creating more opportunities to illuminate and protect the wonder of our world.