Hanoi, Nov 21, 2025 (AFP) - Vietnam EV maker VinFast reports $900 million quarterly loss

NAMPA / AFP
2025-11-21
Vietnam's first homegrown electric vehicle manufacturer VinFast reported on Friday a net loss of more than $900 million in the third quarter despite rising sales. Part of the Vingroup conglomerate owned by Vietnam's richest man Pham Nhat Vuong, VinFast listed on the Nasdaq in 2023 and aims to compete with global EV giants such as Tesla. The company reported a third-quarter net loss of 24 trillion dong ($910 million), almost double the 13.2-trilli......
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