(Reuters) -Vietnamese electric-vehicle maker VinFast reported a deeper second-quarter loss on Friday, driven by rising costs linked to its ambitious Asia expansion, although its revenue remained on a rising trend,

Revenue jumped 33 percent quarter-on-quarter to $357 million but the deeper loss underscores the risks of VinFast's aggressive expansion strategy .

VinFast, the Vietnamese electric vehicle maker, reported a net loss of USD 773.5 million in Q2 due to rising costs and impairment charges, despite a 33% revenue increase. The company remains committed to its sales target of 80,

Selling expenses rose by 25.5% quarter-on-quarter due to increasing sales and marketing costs, coupled with asset impairments, according to the filing