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VinFast IPO faces Daunting Nasdaq Road Test

07 Dec 2022 | Abstracted from Reuters

"The company...has yet to turn a profit and only just went all-in on battery power. Its dependency on parent [Vietnam-based] Vingroup (VIC.HM) may be a turnoff...

"Several of its internal combustion-engine models became bestsellers in Vietnam, before the company decided earlier this year to wind down gas guzzlers and focus exclusively on electric vehicles...

"VinFast's net loss nearly doubled to 34.5 trillion dong ($1.45 billion)."



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