VinFast Auto Ltd. has reported a decrease in its net loss for the third quarter, along with a significant increase in revenue driven by higher sales of electric vehicles.
The Vietnamese automaker recorded a net loss of 13.25 trillion dong, equivalent to approximately $521.3 million, which is 14.8% lower than the same period last year.
The company's improved financial performance reflects its growing presence in the electric vehicle market, as it continues to increase production and deliveries. This development highlights VinFast's efforts to improve operational efficiency and gain a larger share of the rapidly expanding EV sector.