VinFast Revenue Jumps on Restructuring
Vietnamese electric vehicle maker VinFast reported an 85 percent increase in second-quarter revenue as asset transfers reduced its net loss. Operating losses widened while international deliveries grew.
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VINFAST AUTO LTD reported an 85.5% jump in second-quarter revenue on Monday, hitting 30.3 trillion dong ($1.17B) as a one-off $1.18B asset-transfer gain trimmed its net loss.
