Category: Vingroup
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EV maker VinFast’s losses heap pressure on parent Vingroup as foreign investors sell
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Written by Francesco Guarascio and Phuong Nguyen HANOI (Reuters) – Vietnam’s Vingroup faces renewed scrutiny over its strategy to support loss-making electric car maker VinFast, with its shares near multi-year lows as foreign investors sell off and borrowing costs rise. Pressure on the company, a household name in Vietnam with…