VinFast Auto Ltd. $VFS, the Vietnamese electric vehicle manufacturer, reported a first-quarter net loss of $712.4 million, up 20% from the same period a year ago, despite a 150% surge in revenue to $656.5 million. The widening deficit highlights the challenges the company faces in scaling operations globally while maintaining cost efficiency. Operating loss for Q1 reached $485.6 million, increasing by 20.3% year-over-year. The company's cost of goods sold (COGS) soared by 112.9% to $887.5 million, reflecting intensified expenditures related to production scaling, logistics, and sales expansion in overseas markets.