VinFast expands network despite losses
The gross loss of Vingroup’s electric vehicle brand VinFast saw an increase of 7.3 per cent last year when the company expanded its commercial footprint.
The gross loss of Vingroup’s electric vehicle brand VinFast saw an increase of 7.3 per cent last year when the company expanded its commercial footprint.
VinFast has broken ground at its electric vehicle manufacturing site in North Carolina, marking a significant milestone toward its global expansion and the company’s supply chain development in North America.
This is the first time a Vietnamese company has been involved in the production of electric cars, marking a breakthrough for the development and integration of the Vietnamese automobile industry and contributing to the opportunity of owning a car to a handful of Vietnamese people.