VinFast's losses widen in Q1, eyes completion of SPAC merger by July

VinFast's losses widen in Q1, eyes completion of SPAC merger by July

FILE PHOTO: A VinFast video is screened during the press day at the Los Angeles Auto Show in Los Angeles, California, U.S. November 17, 2022. REUTERS/Mike Blake

Vietnamese electric vehicle (EV) maker VinFast has reported a drop in first-quarter revenue by 49%, with a net loss deepening to $598 million in the first full reporting period since it started exporting to the United States.

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