VinFast Auto (VFS) has released an update.
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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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