VinFast Stock Stable After EV Maker Posts Wider-Than-Expected Loss

1. VinFast reported a second-quarter loss of $524 million, exceeding expectations. 2. Deliveries surged 172% year-over-year, reaching 35,837 EVs in Q2. 3. The new plant in Vietnam has an annual capacity of 200,000 vehicles. 4. VinFast holds $550 million in cash and has $1.1 billion in borrowing arrangements. 5. Stock has declined 16% in 2023, down from a peak of $93.