Vietnamese auto maker VinFast Auto Ltd. (VinFast) rang the bell to officially commence trading of its shares on the Nasdaq Global Select Market, the US, under the ticker symbol “VFS”.
Vietnamese auto maker VinFast Auto Ltd. (VinFast) rings the bell to officially commence trading of its shares on the Nasdaq Global Select Market, the US.(Photo:Screenshots)
Hanoi (VNA) – ꧑Vietnamese automaker VinFast Auto Ltd. (VinFast) rang thebell to officially commence tradingof its shares on the Nasdaq Global Select Market, the US, under the tickersymbol “VFS”.
With anequity value of over 23 billion USD, VinFast became the largestVietnamese company listed on the US stock market by market capitalisation. VinFast’s public listing followed thecompletion of the business combination with Black Spade Acquisition Co (“BlackSpade”) on August 14. The combined company will now operateas VinFast Auto Ltd. and continue to be led by Global CEO Le Thi Thu Thuy, whois supported by an experienced, diverse, and entrepreneurial senior managementteam. Black Spade will provide ongoing business advisory input for the growthof the brand and assist with direct investor engagement. Commenting on this significant milestone, CEO Thuy saidthe successful listing not only supports VinFast’s commitment to sustainablemobility at a global scale but also unlocks access to the capital markets andimportant avenues for future development. Further, it is VinFast’s hope that thelisting will inspire and unleash greater opportunities for Vietnamese brands toparticipate in the global market.
VinFast has delivered close to 19,000 EVs including the VF e34, VF 5, VF 8, and VF 9 models, as of June 30, 2023. (Photo: VNA)
According to the company’s website, VinFasthas delivered close to 19,000 EVs including the VF e34, VF 5, VF 8, and VF 9models, as of June 30, 2023. It is also preparing for the upcoming launch ofthe VF 3, VF 6, and VF 7 models in the Vietnamese and global markets. VinFastlooks forward to building upon its rapid expansion as the company rolls outnext-generation EVs and solutions, and carries out its strategy of expandingits footprint globally. The company has established a strong foothold in its Vietnamesehome market by rolling out its own charging network spanning across 63 citiesand provinces, and plans to expand it further in the coming years. VinFast hasalso established a company-owned retail and service network of over 122 VinFaststores worldwide. On July 28, 2023, VinFast broke ground at its new EVmanufacturing facility in the US. The event marked a significant step towardits global expansion and supply chain development in North America. VinFast said the bell-ringing event at Nasdaq on August 15 andlisting in the world's largest capital market mark an important milestone inVinFast's global expansion. It does not only provide VinFast with moreopportunities for future development but also leads the way for otherVietnamese brands to play an increasing role in the global economy./.
Members of the Vietnam Automobile Manufacturers Association (VAMA) sold 23,800 vehicles in June, up 15% from the previous month, VAMA announced on July 12.
VinFast, the subsidiary automaker of Vietnamese conglomerate Vingroup, has announced it will hold a groundbreaking ceremony of its electric vehicle (EV) factory in North Carolina, the US, on July 28.
Vietnamese auto maker VinFast on July 28 held a groundbreaking ceremony of its electric vehicle factory in North Carolina, marking an important step in the company's strategy to expand its market, develop its global electric vehicle brand and become self-sufficient in its supply in North America.
The Ministry of Transport has just submitted its proposal to Deputy Prime Minister Tran Hong Ha on incentives for electrical vehicle (EV) producers and users.
Vietnamese automaker VinFast Auto Ltd and Black Spade Acquisition Co announced on August 14 the completion of their previously announced “Business Combination”.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Vietnamese auto maker VinFast Auto Ltd. (VinFast) rings the bell to officially commence trading of its shares on the Nasdaq Global Select Market, the US.(Photo:Screenshots) 
VinFast has delivered close to 19,000 EVs including the VF e34, VF 5, VF 8, and VF 9 models, as of June 30, 2023. (Photo: VNA) 
