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Reuters

Reuters

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World

EV maker VinFast's losses heap pressure on parent Vingroup as foreign investors sell

Reuters
Summary
Nutrition label

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'.

VR Score

91

Informative language

98

Neutral language

56

Article tone

formal

Language

English

Language complexity

56

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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