Vietnam's EV maker VinFast reports $812 million Q2 loss | Business

HANOI, Sept 5, 2025 (BSS/AFP) - Vietnam's electronic vehicle (EV) manufacturer VinFast reported a net loss of $812 million in the second quarter, despite deliveries jumping significantly. The communist state's first homegrown car manufacturer -- under the Vingroup conglomerate owned by Vietnam's richest man -- is aiming to compete with global EV giants such as Tesla. But it has struggled to break into the international market, with its shares fluctuating wildly since debuting on the Nasdaq in August 2023. On Friday, VinFast released its unaudited financial results saying its second-quarter net loss was $812 million. That is almost $40 million higher than last year's July-September period. The company said it delivered more than 35,800 vehicles in the quarter, an on-year...