Sept 4 (Reuters) - Vietnamese electric-vehicle maker

VinFast on Thursday reported a wider second-quarter net

loss as it stepped up spending on global expansion and marketing

to spur demand and support its ambitious growth strategy.

The EV maker, however, reaffirmed its commitment to

achieving breakeven by the end of 2026. Founder and CEO Pham

Nhat Vuong last month pledged an additional $1.5 billion to the

automaker in exchange for R&D assets to support its expansion

plans.

VinFast is intensifying promotional activities in its home

market while shifting from a company-owned showroom model to a

lighter, dealership-based approach to expand more quickly and

reduce costs.

The company recently opened a new assembly plant in India

and has plans to establish another facility in Indonesia as it

seeks to strengthen its footprint across Asia.

"We stick to our goal this year and are flexible with our

market approach amid (the) changing global situation," said Thuy

Le, the company's chairperson.

The EV maker reported a net loss of $812.0 million for the

quarter ended June 30, 15% more than the previous quarter.

Revenue rose 1.9% from the prior quarter and 91.6%

year-on-year to $663 million.

Vehicle deliveries climbed 172% year-on-year to 35,837 units

in the quarter, bringing total deliveries for the first half of

2025 to 72,167, compared with its annual sales target of 200,000

units, with VinFast's home market of Vietnam remaining its

largest.