Vinfast rallies on after becoming world’s third-most valuable automaker ...Middle East

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Vinfast rallies on after becoming world’s third-most valuable automaker
The logo of VinFast is pictured at the 2022 Paris Auto Show in Paris, France October 17, 2022. REUTERS/Stephane Mahe/File Photo Acquire Licensing Rights Aug 28 (Reuters) – Shares of Vietnamese electric-vehicle maker Vinfast surged 30% in premarket trading on Monday, extending a rally from last week that more than quadrupled its market value to $160 billion. The company made a blowout debut on Wall Street this month and has quickly grown in valuation to become the third-most valuable automaker – only behind Tesla (TSLA.O) and Toyota (7203.T). But Vinfast’s small amount of publicly available shares has made the stock prone to volatility, with shares jumping or slumping more than 14%

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