Vietnam's Vingroup posts $1b loss in manufacturing division as gasoline car sales slow down

Vietnam's Vingroup posts $1b loss in manufacturing division as gasoline car sales slow down

Source: CHUTTERSNAP/Unsplash

Top Vietnamese conglomerate Vingroup suffered a pretax loss of roughly 23.9 trillion dong ($1.05 billion) at its manufacturing segment last year due to sluggish sales of gasoline-powered cars at home and growing investments in the emerging electric vehicle business.

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