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VinFast’s quarterly revenue jumps on strong deliveries, taps debt to fuel expansion

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Vietnam’s VinFast reported a sharp rise in third-quarter revenue on Friday, bolstered by strong sales of its electric cars and bikes, with the company riding on the growth to fuel expansion.

The company signed two loan facilities during the period, totaling $250 million, as it looks to ratchet up its ambitious growth strategy and expand internationally even amid tariff pressures and subdued demand in the United States.

Still, taking on additional debt could hammer the loss-making company’s margins at a time when it works aggressively to cut costs by…

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