VinFast Auto (VFS) has released an update.
VinFast Auto Ltd. has announced it will restate its 2023 financial statements and Q1 2024 results due to the identification of accounting errors, which overstated revenue by approximately $27.7 million. The corrections will affect the reported revenue, selling and distribution costs, and net loss for the year. This restatement follows a meticulous internal review and ongoing discussions with the company’s independent auditor, Ernst & Young Vietnam.
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