Hanoi, Vietnam, Oct 19, 2026 (AFP) - VinFast reports $1.2 bn Q2 continuing loss despite sales jump

NAMPA / AFP

2026-10-19

NASDAQ-listed Vietnamese electric vehicle maker VinFast lost more than $1.2 billion from continuing operations in the second quarter even as sales soared, it said on Monday. Founder and former CEO Pham Nhat Vuong -- who handed the automaker's reins to his eldest son in September -- is Vietnam's richest person and VinFast aims to compete with global EV giants such as Tesla. But it has struggled to break into the international market and has seen s......

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