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Vietnam's EV market forecast to boom this year

Vietnam is experiencing a strong shift towards electric vehicles (EVs).

VinFast leadership change: Billionaire Pham Nhat Vuong works as CEO

Vietnamese billionaire Pham Nhat Vuong, founder and chairman of Vingroup JSC – VinFast parent company - has just assumed his new role as Chief Executive Officer of VinFast, the leading electric vehicle manufacturer in Vietnam.

Dollar billionaire Pham Nhat Vuong’s son appears before the public

Pham Nhat Quan Anh, the son of the Vietnamese first dollar billionaire recognized by Forbes, is deputy CEO of VinFast, a subsidiary of Vingroup specializing in manufacturing electric vehicles (EV).

VinFast to maintains normal operations amid information about class-action suit

The news about a possible investigation targeting VinFast, a well-known Vietnamese automobile manufacturer, has caused its share prices to fall in the US stock market.

Vietnam’s EV maker VinFast to invest 1.2 billion USD in Indonesia

Vietnam's first electric vehicle (EV) maker VinFast plans to build a plant with an investment capital of 18.6 trillion Rp (1.2 billion USD) in Indonesia, according to Presidential Chief of Staff of Indonesia Moeldoko.

VinFast to sell shares worth up to US$1 billion to Yorkville

VinFast Auto, the leading electric vehicle maker of Vietnam that has listed its share on Nasdaq, has reached a US$1 billion share sale deal with Yorkville Advisors Global, in an effort to raise funds for its global operation expansion.

Dollar billionaire donates battery-manufacturing company to automaker

Just several months after the announcement of non-refundable aid of $1 billion to VinFast from his private assets, Pham Nhat Vuong has announced his donation of a battery company to the automobile manufacturer.

VinFast shares regain stability, investors await Vuong’s actions

VinFast’s share prices have been stable at $17-18 per share over the last few trading sessions. The capitalization value of the Vietnamese electric-vehicle manufacturer is still higher than that of the Chinese Li Auto.

VinFast’s capitalization soars and then plummets

VinFast CEO Le Thi Thu Thuy discussed the fluctuations of VinFast share prices at the 2023 ASEAN Business and Investment Summit (ASEAN BIS) on September 4.

Is Forbes confused about the ‘VinFast phenomenon’?

The continued changes in VinFast's ranking on Forbes’ list of the richest billionaires show that the international media company has become confused about the fluctuations of VinFast share prices and the attractiveness of VFS shares to investors.

How rich is billionaire Pham Nhat Vuong now?

The last week ended with the information that billionaire Pham Nhat Vuong jumped into the 23rd position on Forbes’ list of the top billionaires, with assets increasing by tens of billions of dollars thanks to the sharp rise in VinFast share prices.

VinFast: momentary lightning or beginning of a new legend?

VinFast’s capitalization value has soared to $160 billion, surpassing a number of famous automobile manufacturers. This may have been a flash of lightning in the American financial sky, and could also be the beginning of a new myth.

VinFast CEO interviewed on CNN about plan after debut

During a talk on CNN’s "First Move with Julia Chatterley" show, VinFast CEO Le Thi Thu Thuy revealed plans of the automobile manufacturer after its debut on Nasdaq, including a plan to expand business in the US and build a factory in North Carolina.

As VinFast share prices fluctuate, Vuong’s assets rise, then fall

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.

How will VinFast's Nasdaq listing help in the US's EV market?

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.

VinFast shares break three-day losing streak on Nasdaq rally

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.

With $74 billion, Pham Nhat Vuong is 16th richest person in world: Forbes

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.

Vietnamese EV maker’s market cap hits 85.5 billion USD in Nasdaq debut

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.

VinFast's market value surpasses $85.5 billion after first day on Nasdaq

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...