Vietnamese EV maker VinFast's move to shift $7 billion in debt raises 'red flags' - Reuters
Vietnamese EV maker VinFast's move to shift $7 billion in debt raises 'red flags' Reuters
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"In the future, VinFast will no longer be a place where Vingroup spends money, but instead an asset that delivers tremen"
— Pham Nhat Vuong , Executive
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<a href="https://news.google.com/rss/articles/CBMixAFBVV95cUxQS3BDMkFyb1RSOXQtajFqQzRRcnJfN20waC1HX1BWUFF4eHF6cE1fWDQtbDl1SUhPdUhLekJPcWlKdUM0Z1pqOU5DaFdmUEp6YmpaYVowTHFnVU1VY3MzcnBld3p2Y0FMMWxsYlVfb2FNLVNrd0FWZ01SNFBBY0c0Qkp6bHBJVUdkVVEtRzV0RktwY1dmU21sdlJMSmhhMzZXZmY4SUs0YkR5OWZmX3V5dG5sQ2VpbVowWUR5ejA3WjZiVm9q?oc=5" target="_blank">Vietnamese EV maker VinFast's move to shift $7 billion in debt raises 'red flags'</a> <font color="#6f6f6f">Reuters</font>
VinFast plans to sell two Vietnamese factories to reduce approximately $6.9 billion in debt, aiming to become debt-free and accelerate its path to profitability by 2027.
VinFast executives discuss the restructuring plan involving the sale of factories to shed debt, emphasizing that manufacturing operations will continue under existing standards and that the company aims to achieve profitability from 2027.
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