Published Feb 2025

VinFast Story: Ambitious Dream of a minor-giant until it dies.

VinFast, a Vietnamese electric vehicle (EV) manufacturer founded in 2017 by Vingroup, is known for producing high-quality EVs, including cars, e-scooters, and buses, with a strong focus on global expansion, particularly in the U.S. and European markets. However, the company is facing significant challenges as its stock continues to decline and its debt levels rise. These financial struggles pose hurdles to its ambitious growth plans and international competitiveness.