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12 Apr
07:45

VinFast's challenges may impose risks on Vingroup

Vietnamese conglomerate Vingroup is facing increasing financial risks due to the below-expected performance of its listed electric vehicle unit VinFast. VinFast is still vigorously expanding, Kallanish notes. It just announced its latest launch of an electric bike in the US, as well as a new SUV, the VF E34, in the grand opening of its first dealer store in Indonesia.  However, its financial situation seems to be fragile. The carmaker’s annual rep…
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