VinFast's quarterly loss widens on hefty spending

By Zaheer Kachwala (Reuters) -Vietnam's VinFast reported a bigger third-quarter net loss on Friday as the electric vehicle maker spent heavily to expand its footprint and boost sales amid intense competition in Southeast Asia, the company's largest market. Shares of the company were down 12%. VinFast signed two loan facilities during the quarter 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 shifting to a dealership-based model and optimizing its supply chain. "The company has shifted its focus from the U.S. and Europe to other Asian