EV maker VinFast's losses heap pressure on parent Vingroup as foreign investors sell
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Vietnamese conglomerate Vingroup is under pressure due to its backing of loss-making EV maker VinFast. Vingroup's shares are near multi-year lows as foreign investors sell, and borrowing costs rise.
January 23, 2025 | 4:45 am
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VinFast's losses are causing financial strain on its parent company Vingroup, leading to a sell-off by foreign investors and increased borrowing costs.
VinFast's continued losses are negatively impacting its parent company Vingroup, causing foreign investors to sell shares and increasing borrowing costs. This situation is likely to put downward pressure on VinFast's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80