VinFast shares increase sharply, capitalization is approximately 160 billion USD

The matched volume in this trading session reached more than 15 million shares, equivalent to an estimated trading value of up to 1 billion USD.

Thus, VinFast (VFS) shares have just ended a week of strong trading with an explosive session. Especially in the trading session on August 25 when at one point they reached nearly 74 USD/share.

VinFast's VFS shares closed at $68.77/share, up more than 40% compared to the previous trading session.

This is also the fifth consecutive increase, pushing the market price up 4.5 times. The market capitalization increased by 123 billion USD, reaching approximately 160 billion USD.

This figure also helps the Vietnamese electric car company enter the top 3 largest capitalization car manufacturers in the world, behind only Tesla and Toyota. At the same time, VinFast ranks 2nd in capitalization among electric car companies in the world and only behind Tesla.

With VinFast's capitalization reaching nearly 160 billion USD, according to Forbes' real-time billionaire ranking, billionaire Pham Nhat Vuong is the person with the fastest growing assets on August 25 with a value of 14.7 billion USD. With assets of up to 55.8 billion USD, Mr. Pham Nhat Vuong has climbed to 23rd place in the list of USD billionaires according to Forbes.

A larger number of shares are expected to be introduced to the market in the next six months to a year, according to VinFast Chairwoman Le Thi Thu Thuy.

Ngoc Vy

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