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Vinfast losses widen to $3.9 billion
Gulf Today
|March 17, 2026
NASDAQ-listed Vietnamese electric vehicle maker Vinfast doubled its sales in 2025, it said Monday, but losses widened to $3.9 billion.
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CEO Pham Nhat Vuong is Vietnam's richest person and Vinfast aims to compete with global EV giants such as Tesla.
But it has struggled to break into the international market and has now reported combined losses of well over $9 billion in the three years since it listed on the Nasdaq exchange in New York, even as sales have climbed.
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