Friday, 21 November, 2025
VinFast Revenue Jumps 47%, Secures $250M Debt for Global Expansion
Vietnam's VinFast reported a 47% surge in third-quarter revenue, driven by strong deliveries of its electric cars and a 535% jump in e-scooter/e-bike sales. To fund its ambitious international growth, the company secured $250 million in new loan facilities. However, the loss-making EV maker faces potential pressure on margins due to this additional debt.
Read full story at Economic Times