Vingroup's VinFast Strategy Criticized
This is a news story, published by Yahoo Finance, that relates primarily to VinFast news.
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World
EV maker VinFast's losses heap pressure on parent Vingroup as foreign investors sell

80% Informative
Vietnamese conglomerate Vingroup is facing renewed scrutiny on its strategy of backing loss-making electric car maker VinFast .
The company's market capitalisation has shrunk by nearly half to about $6 billion since VinFast 's listing in August 2023 .
The value of foreigners' combined holdings in the group has dropped by nearly 60% to 15.7 trillion dong ( $620 million ), faster than local investors'.
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