With 99 % of the EV company managed by way of founder Pham Nhat Vuong, the modest quantity of publicly to be had stocks has made the retain at risk of volatility. It has jumped or slumped 14 % or extra each and every time over the year six periods.
The retain used to be the second one easiest on buying and selling website online Stocktwits “Trending” listing on Tuesday, suggesting it has attracted the passion of person buyers.
About $428 million virtue of VinFast’s stocks have been traded as of mid-day, in comparison to Tesla’s yield of over $17 billion.
Reuters reported past due on Monday that South Korea’s Megastar Workforce Business, which provides magnets to VinFast and Korea’s Hyundai Motor, is making an investment $80 million in a fresh manufacturing unit in Vietnam, with manufacturing scheduled to begin in 2024.