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What will happen to VinFast, a new Vietnamese power, or an IPO in the United States in early 2023?
VinFast is one of the largest automobile manufacturers in Vietnam and one of the new forces in Vietnam. On August 15, 2023, VinFast was successfully listed on NASDAQ in the United States by merging with the special purpose acquisition company (special purpose acquisition company). If the IPO is successful, it will be the largest IPO in the history of Vietnamese enterprises, with an estimated market value of 50 billion US dollars. Nhat Vuong Pham, the founder of VinFast, said that their goal is to become one of the top five automakers in the world.

At present, VinFast has become one of the most popular automobile brands in Vietnam, and its sales growth rate has remained above double digits in the past few years. However, due to fierce competition in the market, VinFast needs constant innovation and improved product quality in order to maintain its market position.

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