HANOI -- Vietnamese conglomerate Vingroup is selling off main businesses and planning stock market listings in a scramble to raise funds for its loss-making VinFast EV business, raising concerns about the group's future cash flow.
Companies
Vingroup guards red-ink EV unit VinFast by selling off retail cash cow
Vietnamese conglomerate pursues asset sales and IPOs to raise cash
Vincom Retail is one of the group's best earners, posting net profits of 4.4 trillion dong last year. (Photo by Yuji Nitta)
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