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Vingroup's financial strain due to VinFast's losses leads to declining shares and credit downgrades.
Vingroup, a Vietnamese conglomerate, faces financial strain due to its support for its loss-making electric vehicle subsidiary, VinFast.
This has led to a decline in Vingroup's market value, with shares hitting near multi-year lows as foreign investors sell off.
The situation has also increased borrowing costs and prompted credit downgrades from Moody's and Fitch, raising concerns about Vingroup's financial health.
3 months ago
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