“Revving Up for Trouble: VinFast’s Losses Pile Up, Putting Pressure on Parent Company Vingroup and Foreign Investors to Sell by 2025”
Vingroup Faces Scrutiny over VinFast Strategy Vietnamese conglomerate Vingroup has recently come under scrutiny for its decision to back the electric vehicle maker VinFast, which has been running at a loss. This has resulted in Vingroup’s shares trading near multi-year lows, with foreign investors selling off their holdings and borrowing costs on the rise. The…