EV maker VinFast’s losses heap pressure on parent Vingroup as foreign investors sell
By Francesco Guarascio and Phuong Nguyen HANOI (Reuters) – Vietnamese conglomerate Vingroup is facing renewed scrutiny on its strategy of backing loss-making electric vehicle maker VinFast, with its shares near multi-year lows as foreign investors sell and its borrowing costs rise. Pressure on the company, a household name in Vietnam with businesses spanning autos, real …
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