VinFast share prices soared at its debut session and dropped sharply later, causing the capitalization value of the Vietnamese electric vehicle manufacturer on the US bourse to fluctuate by billions of dollars in more than 1-2 trading sessions.

The VinFast listing on the US bourse marks a milestone for the electric car manufacturer. The official debut on the Nasdaq stock market in August has helped the Vietnamese electric car manufacturer catch public attention around the world.

Shares of Vietnam’s leading electric vehicle maker VinFast rallied again in New York on August 21 after losing their value for the three consecutive days on the Nasdaq stock market.

Forbes has reported that the assets of billionaire Pham Nhat Vuong have soared to $74 billion, placing him at the 16th position on the list of the world’s wealthiest billionaires.

The market capitalisation of VinFast, the electric vehicle (EV) maker of Vietnamese conglomerate Vingroup reached 85 billion USD in its Nasdaq debut on August 15 with nearly 6.8 million shares changing hands.

At the current price, the automaker's market capitalisation reached $85.5 billion, 3.7 times greater than the initial valuation of $23 billion and...

Vietnamese auto maker VinFast Auto Ltd. (VinFast) rang the bell to officially commence trading of its shares on the Nasdaq Global Select Market, the US, under the ticker symbol “VFS”.

The newest electric vehicle manufacturer in Vietnam, with technology transferred from Germany, will set up a factory in Thai Binh that will make small-size city vehicles.

Changes in consumer habits have caused demand for electric motorbikes to increase rapidly in recent years, especially in Hanoi and HCM City.

Vingroup Chairman Pham Nhat Vuong said that VinFast may become Vingroup’s top project.

Vietnamese EV maker VinFast will be listed in the US through its business combination with local firm Black Spade Acquisition Co (Black Spade).

On the first day of the Shanghai Exhibition, BYD’s small-size electric vehicle (EV) sold out which led many people to believe that the model would have an advantage over the Vietnam-made VinFast VF 5.

VinFast, an electric vehicle maker of the Vietnamese conglomerate Vingroup, said on April 26 that it had got a fresh round of funding pledges worth 2.5 billion USD serving its future development.

Vingroup Investment Vietnam Joint Stock Company has asked for government approval for adjustments to investment projects of VinFast in France, Germany and the Netherlands.

Electric vehicle manufacturers need to spend big money on developing infrastructure items, including parking lots, charging poles and electricity sources. But the standards and regulations for charging stations in Vietnam have not been set.

In late November, a vessel carrying 999 Vietnamese electronic vehicles manufactured by VinFast left Vietnam, starting the journey from Dinh Vu Seaport in Hai Phong to the US.

Resolution 29-NQ/TW outlining the path that leads the country to a powerful and prosperous future in the near future once again affirms the role of national enterprises.

US-ASEAN Business Council (USABC) announced on December 15 that VinFast US, member of Vietnam’s largest private corporation Vingroup, has become the newest member of the council.

North America is a promising market, but it is not easy to be successful because there are many rivals there.

Prime Minister Pham Minh Chinh on November 25 attended a ceremony in the northern port city of Hai Phong to export the first batch of VinFast electronic vehicles (EVs) to the US.