VinFast plans to restart construction at its US electric-vehicle plant, Bloomberg reports, resuming a project the Vietnamese automaker had paused even as its losses continue to widen.

The company, controlled by Vietnam's Vingroup conglomerate, has struggled to convert heavy investment in EV capacity into sustained sales volume. Its plan to build a manufacturing footprint in the United States centers on a site in North Carolina, where VinFast broke ground in 2023 with an announced target of producing about 150,000 vehicles per year at full ramp.

Construction at the site slowed as the company redirected capital toward its existing assembly operations in Hai Phong, Vietnam, which supply vehicles to the US market today. A restart of building activity in North Carolina would mark a shift back toward localized US production — a move that carries obvious relevance as tariff policy pushes foreign automakers toward domestic manufacturing.

The timing is uncomfortable. VinFast's losses have widened even as it expanded into new markets, including the US, and the company has leaned on Vingroup and its billionaire founder, Pham Nhat Vuong, for repeated cash infusions. Restarting a capital-intensive plant build while bleeding cash will invite scrutiny of how the company plans to fund the program through completion and launch.

For now, the restart is an intention communicated to the press, not a confirmed construction milestone. VinFast has previously adjusted the pace of the North Carolina project, and the gap between announced capacity targets and actual vehicle output remains the central question hanging over the company's US strategy.

What to watch next: a firm date for resumed site work in North Carolina, evidence of completed structures or installed equipment, and VinFast's next quarterly results — which will show whether the widening losses stabilize before the plant program absorbs fresh capital.