VinFast's losses put parent Vingroup in a spot as foreign investors drive out

VinFast's losses put parent Vingroup in a spot as foreign investors drive out

FILE PHOTO: VinFast electric vehicles are parked before delivery to their first customers at a store in Los Angeles, California, U.S., March 1, 2023. REUTERS/Lisa Baertlein/File Photo

Vietnamese conglomerate Vingroup is facing renewed scrutiny on its strategy of backing loss-making electric vehicle maker VinFast, with its shares near multi-year lows as foreign investors sell and its borrowing costs rise.

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