VinFast shares dropped more than 43%, Vingroup owner’s assets dropped sharply but still 30th richest in the world

Closing the trading session on August 29, 2023 in the US, VFS shares were only $46.25/share, a decrease equivalent to more than 43%.

At the trading session on August 29 local time, right after opening, VFS shares suddenly dropped to $74.52/share, then to $65.8/share and closed at the end of the day at $46.25. la/cp. This decrease is equivalent to a little more than 43%.

With the above reduction, Mr. Pham Nhat Vuong’s assets also “evaporated” by $27 billion to only about $39 billion. However, according to Forbes, the owner of Vingroup is still in the ranking of the richest people on the planet, ranked 30th.

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Despite recording a sharp decrease, VinFast still maintains its position in the top 3 auto manufacturing companies with the largest market capitalization globally, just behind Tesla and Toyota. However, there is a quite large gap with the above companies.

Therefore, it can be seen that the trading volume in recent sessions of VinFast shares has continuously been many times higher than the volume of freely traded stocks on the market. This means that investors are buying and selling during the session to make a huge difference.

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VinFast also said that the VF 9 electric car model has been certified by the US Environmental Protection Agency (EPA) with a travel distance of about 531 km for the Eco version and more than 468 km for the Plus version, far exceeding the company’s announcement and very meaningful in the company’s export plan.

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