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VinFast Stock Leaves Early Highs Behind, Embracing a New Direction

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Shares of VinFast Fall as Valuation Drops

VinFast Stock Declines by 8%

  • VinFast stock was recently down about 8%.
  • The stock closed Thursday at $17.99.
  • This is a significant drop from its high of over $82 on Aug. 28.

VinFast’s Initial Success

The Vietnamese company experienced a rapid rise in its stock value upon hitting the market. On its first day of trading on Aug. 15, VinFast reached a valuation of more than $80 billion. This made it more valuable than established automakers like Ford and General Motors.

Later in the month, VinFast’s stock value doubled once again.

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