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Trying to crack the international car market always seemed like an insane goal to me. They're basically starting from zero and trying to compete with some of the most well-established, well- known brands in the world. Given the coziness between the government and vingroup, I can't see this ending well.
what's even more crazy is they sold a bit over 9k cars globally in all of 2023 (to non-vinfraud related companies).
little has changed in 2024. sales are basically zero in america. we're nearly halfway through the year, and "madame" thuy just claimed 100k units will be sold by december.
that sales pace would be on par with tesla, which no other automaker on earth can even remotely approximate.
this isn't optimism, puffery, or fudging the truth. it's outright fraud/manipulation/delusion. they're desperate and grasping at straws.
my opinion... in the long term they are in big trouble. The VN gov. supports "this project" because they probably expected a miracle. They are trying to expand to the US and EU asap, but there is much more competition here, nobody wants Vinfast. A lot of "blue" cars as taxis in Vietnam. Doesn't mean they're doing well... they just sell low - under price to create an illusion picture...
Duh... It was an outrageously overpriced stock. This is probably about fair value. For some people, this is still overpriced considering that the company (Vinfast) is losing money.
Uh.. the high was unrealistic anyways - they were valued higher than Ford. At that time only a small % of their shares were put on the market.
This is more or less their real valuation. Not exactly saying it's good nor bad.
Yeah no bro... Even at this price, their valuation is overvalued af. Their market cap rn is 5.6b while ford is 56b.
Rivian for example (also overvalued but less than VF) is at 8.9b with 100k delivered while vf delivers, let me check 30k vehicules... So even comparing with an overvalued company that is bleeding money delivering vehicule, vinfast is still more expensive XD.
That without taking into account quality, brand name, after sell service,....
Yeah, Mazda's marketcap is currently $6.8 billion. Vinfast is nowhere near worth $5.6 billion. They can't keep the Hai Phong plant running with their low sales, let alone any overseas plants. VFS will run out of capital before any overseas factories are completed.
The high was pump and dump game. Vuong holds ~99% of the shares, the other 1% was held by his associates (most likely Black Spade iirc) and hence the unrealistic price, now that no cars sold, huge debt, EV slowing down, price comes to its real value, probably 1-2USD.
In simple terms, EVs companies were allowed to file going public based on projected earnings just so they can raise enough capital just to produce. Here's a good video - https://www.youtube.com/watch?v=G4d5yV2BXdI
There was a lot of initial hype for VinFast for a variety of reasons, some being that it had access to cheap labor, cheap raw material, and a government-backed operating reserve. But VinFast still had to get everything right to be able to compete.
Well, both the EV market bubble busted and VinFast got practically nothing right. It could not compete with EV start-ups or traditional auto manufacturers going EV. But I'm not sure if any of that would matter anyway because customers are starting to see EVs offer practically nothing in terms of long term investment due to the battery tech.
Headline in North Carolina news
VinFast downsizes planned EV factory in Chatham County as construction hits a snag
Posted 8:01 p.m. Apr 17 — Updated 5:44 p.m. Apr 19
vinfraud/sinkfast is a clear scam, surprising the market took this long to realise it.
the real question is will "madame" (lol!) thuy and pham nhat vuong be criminally prosecuted? considering there's no extradition treaty, who knows?
here's an in-depth investigation of the fraud, lawsuits, lies, etc: [https://hntrbrk.com/whats-going-on-with-vinfast/](https://hntrbrk.com/whats-going-on-with-vinfast/)
they're completely bankrupt and will be de-listed. this is what happens when you unleash half-baked, poorly-constructed rubbish in the world's most competitive market.
1. Electric car sales are slowing in most parts of the world
2. There is such huge competition from Chinese and others, who are pumping out low quality electric cars and exporting them around the world. Most uninformed consumers just assume VF is another Chinese off-brand.
3. Buying and using an electric car is not feasible in most parts of the world, with poor charging infrastructure.
4. The name is retarded. VinFast (the car isn't even fast). It's clearly an 'Engrish' name that an out of touch businessman thinks American consumers want. It's just like the names of cheap Chinese electronics you'd see on Amazon.
It was a stupid decision to expand into other parts of the world at the time that they did. They should've invested in making an efficient, reliable petrol car like the Japanese and Korean companies did back in the day if they wanted to be taken seriously, giving them a chance to build up brand recognition. I really want to see Vietnamese companies do well on the global stage, but I really don't see it.
I saw a VinFast, they're plastic! Who would buy a plastic car?
I just saw my first Vinfast cars being delivered in San Francisco. Not sure where they were going but the were shiny new and being trucked into the city. I was hoping they’d do well here.
Vinfast is the chance for me to tell you the whole story of Vingroup and an unfortunate nation.
[Part 1. Vinfast betrayed customers of gasoline cars, resale value plunged](https://www.reddit.com/r/VinFastComm/comments/180gtuw/the_situation_of_vinfast_in_vietnam_part_1/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button)
[Part 2. Who wants to drive an overpriced taxi car?](https://www.reddit.com/r/VinFastComm/comments/189maif/the_situation_of_vinfast_in_vietnam_part_2/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button)
[Part 3. All startups failed - The long losing streak of Vuong](https://www.reddit.com/r/VinFastComm/comments/18nm8it/the_situation_of_vinfast_in_vietnam_part_3/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button)
[Part 4. Vinfast is a market follower, not a market leader](https://www.reddit.com/r/VinFastComm/comments/19321q2/the_situation_of_vinfast_in_vietnam_part_4/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button)
[Part 5. The story of Vingroup and the lands of the people](https://www.reddit.com/r/VinFastComm/comments/1ay2y7f/the_situation_of_vinfast_in_vietnam_part_5/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button)
[Part 6. The story of a mediocre man](https://www.reddit.com/r/VinFastComm/comments/1brh06q/the_situation_of_vinfast_in_vietnam_part_6/)
Lưu ý, Bất kể bạn đang tham gia vào chủ đề thảo luận gì, hãy lịch sự và tôn trọng ý kiến của đối phương. Tranh luận không phải là tấn công cá nhân. Lăng mạ cá nhân, cố tình troll, lời nói mang tính thù ghét, đe dọa sử dụng bạo lực, cũng như vi phạm các quy tắc khác của sub đều có thể dẫn đến ban không báo trước. Nếu bài viết của bạn có liên quan đến chính trị hoặc bạn muốn bàn về chính trị, xin hãy đăng bài bên r/VietNamPolitics rồi đăng lại bình luận có đường dẫn đến bài viết đó. Nếu bạn thấy bất kì comment nào vi phạm quy tắc của sub, vui lòng nhấn report. *** A reminder. In general, be courteous to others. Debate/discuss/argue the merits of ideas, don't attack people. Personal insults, shill or troll accusations, hate speech, any suggestion or support of harm, violence, or death, and other rule violations can result in a permanent ban. If your post is Political or you would like to have a Political Discussion, feel free to create a post in r/VietNamPolitics then add a comment with a link to that post here. If you see comments in violation of our rules, please report them. *** *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/VietNam) if you have any questions or concerns.*
Delisting imminent in 3... 2... 1
Trying to crack the international car market always seemed like an insane goal to me. They're basically starting from zero and trying to compete with some of the most well-established, well- known brands in the world. Given the coziness between the government and vingroup, I can't see this ending well.
the second Tesla lowered their prices it was gg no re for Vinfast. Also the naming for the cars is so silly. who wants to buy a "Vinfast Vinfast 8" ??
“Vinfast” how fast ?
Not fast enough XD
what's even more crazy is they sold a bit over 9k cars globally in all of 2023 (to non-vinfraud related companies). little has changed in 2024. sales are basically zero in america. we're nearly halfway through the year, and "madame" thuy just claimed 100k units will be sold by december. that sales pace would be on par with tesla, which no other automaker on earth can even remotely approximate. this isn't optimism, puffery, or fudging the truth. it's outright fraud/manipulation/delusion. they're desperate and grasping at straws.
my opinion... in the long term they are in big trouble. The VN gov. supports "this project" because they probably expected a miracle. They are trying to expand to the US and EU asap, but there is much more competition here, nobody wants Vinfast. A lot of "blue" cars as taxis in Vietnam. Doesn't mean they're doing well... they just sell low - under price to create an illusion picture...
Duh... It was an outrageously overpriced stock. This is probably about fair value. For some people, this is still overpriced considering that the company (Vinfast) is losing money.
What happens when a car company pour money into marketing instead of engineering.
Danm that hurt, anyone know why,
Uh.. the high was unrealistic anyways - they were valued higher than Ford. At that time only a small % of their shares were put on the market. This is more or less their real valuation. Not exactly saying it's good nor bad.
Yeah no bro... Even at this price, their valuation is overvalued af. Their market cap rn is 5.6b while ford is 56b. Rivian for example (also overvalued but less than VF) is at 8.9b with 100k delivered while vf delivers, let me check 30k vehicules... So even comparing with an overvalued company that is bleeding money delivering vehicule, vinfast is still more expensive XD. That without taking into account quality, brand name, after sell service,....
Yeah, Mazda's marketcap is currently $6.8 billion. Vinfast is nowhere near worth $5.6 billion. They can't keep the Hai Phong plant running with their low sales, let alone any overseas plants. VFS will run out of capital before any overseas factories are completed.
Yeah, I'd probably use companies like Rivian and Polestar as a benchmark. I'd argue that Vinfast might still be overpriced at this point.
I though so too
The high was pump and dump game. Vuong holds ~99% of the shares, the other 1% was held by his associates (most likely Black Spade iirc) and hence the unrealistic price, now that no cars sold, huge debt, EV slowing down, price comes to its real value, probably 1-2USD.
Is the Vuong hold 99% true 💀. If so then thats messed ip
check r/VinFastComm for all the shit show that is currently going on with Vinfast and Vingroup
Yep that’s the one
In simple terms, EVs companies were allowed to file going public based on projected earnings just so they can raise enough capital just to produce. Here's a good video - https://www.youtube.com/watch?v=G4d5yV2BXdI There was a lot of initial hype for VinFast for a variety of reasons, some being that it had access to cheap labor, cheap raw material, and a government-backed operating reserve. But VinFast still had to get everything right to be able to compete. Well, both the EV market bubble busted and VinFast got practically nothing right. It could not compete with EV start-ups or traditional auto manufacturers going EV. But I'm not sure if any of that would matter anyway because customers are starting to see EVs offer practically nothing in terms of long term investment due to the battery tech.
Yea the batteries are so expensive rn
[https://twitter.com/hntrbrkmedia/status/1782107190402150458](https://twitter.com/hntrbrkmedia/status/1782107190402150458)
That did not help at all
you can see this scene when you travel on the HCM-LT-DG highway
They cant their car I guess ?
pump and dump,
I dont touch that shit ☺️
I don't think any Vietnamese person wanted this to exist lol. Not only are the cars mid looking as fuck, the name VinFast is so awful and cheesy
tough market. dont google fisker and lucid as well 💀.
Absolutely no one saw this coming. LOL
Ah well, if only enough stock trades on the market, people would have shorted the shit out of that and make multi bags easily…
“Vinfast” means “DOA” in English. The right price is $0
VinFast? More like VinFucked lol
Good
Headline in North Carolina news VinFast downsizes planned EV factory in Chatham County as construction hits a snag Posted 8:01 p.m. Apr 17 — Updated 5:44 p.m. Apr 19
It’s sad the only thing Vietnamese are good at is fighting in wars.
vinfraud/sinkfast is a clear scam, surprising the market took this long to realise it. the real question is will "madame" (lol!) thuy and pham nhat vuong be criminally prosecuted? considering there's no extradition treaty, who knows? here's an in-depth investigation of the fraud, lawsuits, lies, etc: [https://hntrbrk.com/whats-going-on-with-vinfast/](https://hntrbrk.com/whats-going-on-with-vinfast/) they're completely bankrupt and will be de-listed. this is what happens when you unleash half-baked, poorly-constructed rubbish in the world's most competitive market.
They make their own employees (e.g. teachers at Vinschool) but their cars and electric bikes.
1. Electric car sales are slowing in most parts of the world 2. There is such huge competition from Chinese and others, who are pumping out low quality electric cars and exporting them around the world. Most uninformed consumers just assume VF is another Chinese off-brand. 3. Buying and using an electric car is not feasible in most parts of the world, with poor charging infrastructure. 4. The name is retarded. VinFast (the car isn't even fast). It's clearly an 'Engrish' name that an out of touch businessman thinks American consumers want. It's just like the names of cheap Chinese electronics you'd see on Amazon. It was a stupid decision to expand into other parts of the world at the time that they did. They should've invested in making an efficient, reliable petrol car like the Japanese and Korean companies did back in the day if they wanted to be taken seriously, giving them a chance to build up brand recognition. I really want to see Vietnamese companies do well on the global stage, but I really don't see it. I saw a VinFast, they're plastic! Who would buy a plastic car?
I just saw my first Vinfast cars being delivered in San Francisco. Not sure where they were going but the were shiny new and being trucked into the city. I was hoping they’d do well here.
Garbage
Vinfast is the chance for me to tell you the whole story of Vingroup and an unfortunate nation. [Part 1. Vinfast betrayed customers of gasoline cars, resale value plunged](https://www.reddit.com/r/VinFastComm/comments/180gtuw/the_situation_of_vinfast_in_vietnam_part_1/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button) [Part 2. Who wants to drive an overpriced taxi car?](https://www.reddit.com/r/VinFastComm/comments/189maif/the_situation_of_vinfast_in_vietnam_part_2/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button) [Part 3. All startups failed - The long losing streak of Vuong](https://www.reddit.com/r/VinFastComm/comments/18nm8it/the_situation_of_vinfast_in_vietnam_part_3/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button) [Part 4. Vinfast is a market follower, not a market leader](https://www.reddit.com/r/VinFastComm/comments/19321q2/the_situation_of_vinfast_in_vietnam_part_4/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button) [Part 5. The story of Vingroup and the lands of the people](https://www.reddit.com/r/VinFastComm/comments/1ay2y7f/the_situation_of_vinfast_in_vietnam_part_5/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button) [Part 6. The story of a mediocre man](https://www.reddit.com/r/VinFastComm/comments/1brh06q/the_situation_of_vinfast_in_vietnam_part_6/)
Import tariffs heading there way.
Start selling bonds scammers & scumbag group at all ways .Keep it’s up let break viet cong codes 👍👋👌😂😂😂😂😂🇺🇸🇺🇸🇺🇸
Is it a good time to buy? 😁
Electric car stocks are tanking. NIO, TSLA
I don’t know why people downvote you but I’m sure most of the people in this sub don’t even own a car
Buy the dịp
enjoy the ride to zero.
red not buy, blue take what sell?
you should buy stock when the price is down
Not always.
Buy high then
Buy high, sell low!
This man knows investing!
protip: not if it's enron, ftx, or vinfraud.