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This Vietnam-based denim company announced plans for Saitex USA in 2021. It was a no-brainer to plant a sustainable denim factory here in Los Angeles, the highest ranked manufacturing hub in the United States. Saitex uses state of the art manufacturing technology to maximize production, including laser cutting technology, semi-automated sewing, and 3D laser detailing, to name a few.
VinFast, an emerging electric vehicle company, was drawn to relocate their headquarters from Vietnam to Los Angeles in 2021. Along with entering one of the leading transportation ecosystems, the company was awarded a $20.5 million CalCompetes tax credit by the California Governor's Office of Business and Economic Development. VinFast is projected to make over $200 million in capital investments and create over 1,000 new jobs.
