HANOI — Pham Nhat Vuong, CEO of VinFast, Vietnam’s Nasdaq-listed EV maker, said on Thursday that it would target Asian markets to boost sales in the coming years rather than focus on the loss-making U.S.
“Currently, entering the U.S. market causes us loss. Big loss. So there is no need to rush,” said Vuong at the annual shareholder meeting of VinFast’s parent company Vingroup in Hanoi. He said that logistics, taxes and fees have been high due to geopolitical conflicts.
