Rendering of VinFast proposed EV site in Moncure, Chatham County. The Chatham County Board of Commissioners voted on Monday to terminate its $400 million economic development agreement between the county and Vietnamese electric vehicle manufacturer VinFast, dealing another blow to the ill-fated project in Moncure. In an emailed statement to Carolina Journal, Chatham County Manager Bryan Thompson said that VinFast failed to meet the performance obligations and project deadlines outlined in the county’s economic development agreement, and as a result, determined that termination of the agreement was warranted. “Our focus remains on protecting the interests of Chatham County residents and advancing long-term economic development opportunities that benefit our community,” he said in the statement. “Chatham County terminates $400M VinFast agreement” was originally published on www.carolinajournal.com.