On Tuesday, VinFast Auto (VFS.US) opened up over 3%, priced at $4.07.
According to Zhitong Finance APP, on Tuesday, VinFast Auto (VFS.US) opened up over 3%, priced at $4.07. On the news front, the latest financial report shows that the company's net loss for the third quarter was approximately 13.25 trillion Vietnamese dong (about $0.5213 billion), a 14.8% reduction compared to the same period last year; VinFast's overall revenue during the same period surged by about 49.3%, reaching 12.33 trillion Vietnamese dong. As the number of electric vehicles delivered by the company continues to rise, its net loss decreased in the third quarter, while revenue experienced significant growth, and it stated its ambitious goal of delivering 0.08 million vehicles is within reach. The company also announced the construction of a new factory in Vietnam to produce low-cost electric vehicles.