Vietnamese carmaker VinFast reports Q1 net loss

By Agence France-Presse

Apr 19, 2024 12:06 am

HANOI: Vietnamese electric vehicle maker VinFast on Wednesday reported a net loss of nearly $620 million in the first quarter of 2024 despite a rise in revenue, but maintained an ambitious target for vehicles delivered by the end of the year.

The communist state's first homegrown car manufacturer is trying to break into the international market, aiming to compete with global EV giants such as Tesla.

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