VinFast posts major loss of $3.2bn despite strong EV sales

CEO says no need to rush into 'loss-making US market' and targets Asia

COPIED: 20250424 Vingrpup's Pham Nhat Vuong

VinFast CEO Pham Nhat Vuong appeared at Vingroup's annual shareholder meeting on April 24. (Vingroup)

MAI NGUYEN

HANOI -- Pham Nhat Vuong, CEO of VinFast, Vietnam's Nasdaq-listed EV maker, said on Thursday that it would target Asian markets to boost sales in the coming years rather than focus on the loss-making U.S.

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