Stock price triples, VinFast's capitalization is nearly 160 billion USD, just behind Tesla

Opening the trading session on August 25 on the Naspaq floor (USA), VFS shares of VinFast company were traded at 55.2 USD/share, up 12.6% compared to the closing price of the previous day.

During the session, VFS shares continuously set new peaks, at 73.9 USD/share. After a period of adjustment, this code closed at 68.77 USD/share but still increased by 40.35% compared to the closing price on August 24. Liquidity reached 15.1 million units, equivalent to a transaction value of up to 1 billion USD.

Thus, in just 1 week, VinFast shares jumped 346%, from 15.4 USD/share to 68.77 USD/share.

Cổ phiếu tăng giá gấp 3 lần, vốn VinFast gần 160 tỉ USD, chỉ sau Tesla - Ảnh 1.

VFS shares continued to increase by 40.35% on August 25. Source: YahooFinance

At the current price, the market capitalization of electric car company VinFast reaches nearly 160 billion USD, behind the two largest car manufacturers in the world, Tesla and Toyota.

VinFast's capitalization reached nearly 160 billion USD, according to Forbes' rankings, billionaire Pham Nhat Vuong's assets increased the fastest on August 25 with a value of 14.7 billion USD to 55.8 billion USD and climbed to 23rd place in the list of world billionaires.

According to analysts, VFS shares continued to increase following the upward trend of the US stock market, when on August 25, the Nasdaq Composite (IXIC) index continued to increase by 126 points to 13,590.

Recently, VinFast CEO Le Thi Thu Thuy answered questions live on CNN. During the interview, Ms. Thuy shared for the first time details about the production capacity of the factories, the number of orders, and future funding opportunities of VinFast.

Accordingly, the US Environmental Protection Agency (EPA) has certified a minimum travel distance of 330 miles for the Eco version (about 531 km) and 291 miles for the Plus version (more than 468 km) after each battery charge for VinFast's VF9 electric car. This parameter has exceeded the company's initial announcement.

"This affirms the continuous effort to improve product quality to bring the best experience to customers" - Ms. Le Thi Thu Thuy said.

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