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VinFast Targets Debt Reduction Through Factory Divestment Strategy

Vietnamese electric vehicle manufacturer VinFast Auto announced plans to divest two domestic manufacturing facilities. The asset sale aims to eliminate approximately 182 trillion dong ($6.9 billion) in debt and financial obligations while accelerating the path to profitability. VinFast will spinoff the Vietnamese plants to streamline operations and reduce its financial burden. The divestment converts manufacturing assets into capital, strengthening the company's balance sheet and improving financial flexibility.