VinFast shares surge after record VF 3 deposit, up nearly 200% in just 1 month

At the close of trading on May 20 (US time), VFS stock price increased to 6.32 USD - the highest peak since the beginning of the year. Thanks to that, VinFast's market capitalization reached about 14.8 billion USD, ranking 4th in the world's electric vehicle manufacturers.

“VFS shares are showing an upward trend in both the short and long term,” Bezinga, a major US financial website, commented after the high level of interest in VinFast’s record caused VFS shares to skyrocket since May 16.

VFS stock hits new year high after VinFast receives nearly 28,000 VF3 deposits

Thus, in just 2 weeks since officially announcing the VF 3 deposit (May 7), VFS has doubled its price. Compared to the end of April, VinFast shares have even increased by nearly 200%. According to companiesmarketcap.com, this impressive increase has pushed VinFast to become the 4th most valuable electric car company in the world at 14.8 billion USD, just behind Tesla and two other electric car companies.

International financial circles commented that VFS shares received a lot of positive information when VF 3 was officially launched for sale, especially the record of 27,649 orders for VF 3 from May 13-15. The "vertical" increase in many consecutive days also shows that investors are placing great expectations on the potential of VF 3, a new product of VinFast - which has been extremely positively received since its global introduction at CES 2024 (USA) in January 2024.

According to the American financial website The Motley Fool, the VF 3 is a car model with a starting price of only 10,000 USD, the option to buy the battery is only about 12,000 USD. This is the reason why many people are taking advantage of the opportunity to own a smart electric car at an affordable price.

On the other hand, according to financial analysts, VinFast's rapid expansion into the Asian market has also made investors confident. VinFast's consecutive concrete moves have resonated, such as the groundbreaking of a car factory in India, the official launch in the Thai market, or the plan to build a factory with a capacity of 50,000 vehicles per year in Indonesia... International press, especially newspapers in Asia, highly appreciate VinFast's prospects in the region, and consider VinFast a symbol worth learning from for Vietnam.

With much positive information, analysts in the US are rating VFS “Buy” and are optimistic about the target price that could reach nearly 10 USD/share in the near future.

Source: https://baodautu.vn/co-phieu-vinfast-but-toc-sau-ky-luc-don-dat-coc-vf-3-tang-gan-200-chi-trong-1-thang-d215663.html