Vinfast officially listed on Nasdaq Global Select Market, capitalization value over 23 billion USD

Today (August 15), VinFast rang the bell to launch on the Nasdaq Global Select Market, officially becoming a publicly listed company with global stature. The company has a market capitalization of more than 23 billion USD, operating under the legal entity VinFast Auto Ltd. (“VinFast”) with the trading code “VFS”.

The ringing of the bell event on Nasdaq Stock LLC (“Nasdaq”) comes shortly after VinFast successfully completed its business combination transaction with Black Spade Acquisition Co (“Black Spade”) on August 14, 2023.

The company has a market capitalization of over 23 billion USD, operating under the legal entity VinFast Auto Ltd. (“VinFast”) with the trading code “VFS”.

Accordingly, VinFast has officially become a publicly listed company of global stature, and is the Vietnamese brand with the largest capitalization listed on the US stock exchange to date.

The company will continue to be led by Global CEO Le Thi Thu Thuy. She will be supported by a senior management team with extensive experience in many fields. Black Spade representatives will act as consultants for the global development of the VinFast brand and support investor attraction.

Sharing about this important milestone, Ms. Le Thi Thu Thuy said: “The successful listing of VinFast will create a solid foundation for the goal of popularizing smart, safe and environmentally friendly electric vehicles to a wide range of consumers, fulfilling our commitment to the sustainable mobility revolution on a global scale. In addition, the event also opens up access to the world's largest capital market and an important direction for the company's future development. We hope that VinFast's story will inspire and open up many opportunities for Vietnamese brands to reach out to the world.”

As of June 30, 2023, VinFast has delivered approximately 19,000 electric cars including VF e34, VF 5, VF 8, VF 9 models. In the coming time, VinFast will continue to launch VF 6, VF 7, VF 3 in Vietnam and international markets. The company will also quickly introduce solutions and next-generation electric vehicles to continue expanding the brand's footprint, realizing the goal of greening transportation on a global scale.

In terms of product and service infrastructure, in Vietnam, VinFast has established a solid position by planning and deploying a network of charging ports covering 63 provinces and cities and is continuing to expand further in the coming years. Globally, VinFast has built a retail and service network with 122 showrooms and VinFast service workshops.

VinFast also just started construction of an electric car factory in the US on July 28, 2023, marking a new step in its plan to develop the market and become self-sufficient in supply in the North American region.

In parallel with production and business activities, VinFast is striving to establish its brand position by exploiting the potential for cooperation with distributors and agents in dozens of key markets, including North America, Europe, Vietnam and Southeast Asia.

The event of ringing the bell at Nasdaq, officially listing on the world's largest capital market, is a historic milestone in VinFast's development roadmap. The event not only opens up opportunities to access international capital markets, promoting VinFast's strong development in the future; but also inspires Vietnamese brands to reach out to the world.

Vietnam.vn