You miss the chance to be rich when you dont buy vinfast stock ..hahahahaha

@@johnd8281 translation: you're into gambling and are willing to gamble .. hahahaha don't get caught holding the garbage bag

I thought you guys were supposed to uncover the truth and be a journalist and not just regurgitating crap ... Vinfast is a state owned enterprise --> it's an SOE in Vietnam.... This random "owner" guy who you claim is an entrepreneur is just a figurehead, the only enterprises that exist like this in Vietnam are SOE... Source, I live there and know the people who work in the company. Vinfast is a state owned enterprise and 100% an entity of the ruling party of Vietnam. In theory, it cannot go bankrupt... Since the state owns it and props it up even if it loses money forever.

@@tunahxushi4669 Reading your comment about Vinfast makes me want go to the loo...

Boring story about a company no one knows or cares about. But I guess for shortsellers great video

@@slimehero777 he's merely pointing out a pattern calm down edgelord.

Bạn quá xem thường sàn Nasdaq Mỹ rồi... họ đã dễ dàng để một cty không tên tuổi không tài sản nhảy vào Nasdaq để bán khống một vài tỉ IPO rồi kiếm vài chục vài trăm tỉ đô la rồi bỏ chạy được sao... tập đoàn Vingroup là cty mẹ của Vinfast là một đại tập đoàn rất mạnh và nổi tiếng ở Việt Nam...dãy tài sản của họ khối nhà tài phiệt có mơ cũng khó thực hiện để có được...đừng xem thường họ đến từ VIỆT NAM.

​@@inhthanhtruong6193bạn có tin xe vin có hơn ferrari / số lượng xe được bán có hơn GM, Ford? Anh Vượng đang chơi, vì Vin sẽ bị coi thừa là nước lừa gạc

@@slimehero777 people will obviously short. just wait LOL this is damn obvious

@@inhthanhtruong6193 bạn quá coi trọng sàn Nasdaq Mỹ rồi ... họ đã dễ dàng để hàng chục công ty không tên tuổi không tài sản nhảy vào Nasdaq kiểm vài chục vài trăm tỉ đô là rồi sập sml... ví dụ là WeWork, Theranos, FTX, Enron,... . Các công ty này từ số 0 trở thành 3 đại tập đoàn rất mạnh và nổi tiếng ở Mỹ ... dãy tài sản của họ khối nhà tài phiệt có mơ cũng khó thực hiện để có được... xong rồi sập hết về số không... đừng nghĩ cứ Mỹ là thông minh, so về độ gà và ngu người Mỹ còn tai tiếng hơn người Việt.

Can you explain “merged with a SPAC” pls? If possible

@@captaintommy3379 SPAC stands for Special Purpose Acquisition Company. Its basically a company created for the sole purpose of acquiring another company. The company formed basically does nothing apart from raise capital and acquire another company that would otherwise have a difficult time going public itself. So they form the company and sell of the shares to raise funds and acquire companies that like Virgin Atlantic. So by buying virgin Atlantic they make it a publicly traded company by merging it with the SPAC. In essence there is nothing wrong with a SPAC but in recent times most companies taken public this way are not doing too well (when you look at their stock prices) and a lot of them are rushed acquisitions where due diligence is not done properly because a SPAC has a two years to get the deal done.

@@captaintommy3379 I have limited knowledge on this. But from my understanding based on what I read about SPAC. SPAC is an empty shell company listed on stock exchange. Then company like this vfs is not qualified or very difficult to have ipo if they use the conventional route because the company needs to meet minimum accounting requirement. So in order to be able to have vfs stock listed on exchange, the auto company uses merger method that is to merge with SPAC existing on stock exchange. All vfs company has to do is to change the ticker/stock name, and woa la, vfs company now is listed on stock exchange. As my understanding, this is like this vfs company is using SPAC to bypass the security commission and all those hassles before IPO. Maybe I am wrong. Anyone can help me better understanding on this.

​@@captaintommy3379It's a dodgy way to get a public listing. Google SPAC.

​@@captaintommy3379instead of going public the "right" way they went public via merger with a publicly traded placeholder company. It's a way to get around IPO requirements.

By the way, if you don't know, they try to bring their asset, laundry their money

Never trust anything coming out of socialist Vietnam.

i think the reason is because in vietnam vinfast has a very big cult like fan base and most of them are participate in the american stock market . I don't know any thing about money laundering thingy. tho. first time hearing it.

@@loangxuong9863 This is all still in the "primary market" the large investors who get first access to IPOs and get a "cheap" price. They then turn around and sell them on the open market to smaller and individual investors. So the speculation is that Vinfast will survive its growth faze AND will attract those buyers. Or its just a pump n dump trying to metoo Tesla.

Absolutely correct. The reason is they don't want the Wall Street short their stock. VFS is slowly laundering their money out of VN by the corrupted officials.

mafia? ha ha đến từ việt nam à, biết nói tiếng việt không? mắt cười!

🤣

@@bangdung5908 Are you paid actors of Vingroup? Otherwise why acting like Vinslave?

I heard same thing from Vietnamese residence

The VinGroup is enormous actually. Despite the name.

Does your name even mean anything? Names are just names.

@@highavenueltd8373 Guess he's never heard of Vin Diesel or the Fast and the Furious franchise.

@@theodoreolson8529 VinGroup and Vinfast are not owned by this fake entrepreneur, these enterprises are 100% state controlled. SOE hundred percent controlled regulated promoted and ring fenced by the Vietnamese ruling party. They cannot go bankrupt because they have 100% state support they are the mechanism for laundering money and controlling territory and resources and power. I do hope that this electric car company survives in Asia though, the more electric cars that do not come out of China the better.

@@highavenueltd8373 not a musk fan. but tesla is a great name for an electric car company. its great branding - it makes you think they're on the same level as edison etc.

Ur right

He just dont want to show up 😏

@@minhdzung BS, he and his wife showed up at at a stupid vin future award, a cheap copy cat of nobel prize award, but not to this?

Clearly not a scam. Just maybe not a profitable or feasible business plan.

@@CODYJACKYOUNG going public with a "NOT a profitable or feasible business" IS a scam!

as a vietnamese person, please don't buy Vinfast car is very very bad

@@alexhuy9318 Hi 3/

​@@alexhuy9318van 3 que 😂

If i work for vinfast , and salary enough to buy vinfast car, i welcome vinfast force me buy car too

@@viluanon2862 with debt car broke but you had to pay for it.😂

The aim is to make a quick buck and walk away like Nikola

really?

From Vietnam here, VinGroup the parent company is really in bed with the communist government. Whether you think it's bad or good I don't care but from business stand point it's reasonable to be on the communist good side.

Need to raise cash… at least 20 billion.

Greetings! I visited your country once. Absolutely stunned by your spirit. I met such strong, kind and wonderful people. And the nature is beautiful. I'm looking forward to visiting again 🤗 🇻🇳 💕 🇩🇰

Vin group is ok its just for cars they only have 1 to 2 yrs of RND and they rushed these cars

fake news

Please stop, I'm suckers lmao I would without question waste $100 on that

It is a big sucker for sure

as far as I remember almost none ever made any money.

​@@tripplefives1402 there is no "me" in this equation because I ain't investing into something that visibly doesn't work to my advantage.

Grab and Buzzfeed were a SPAC merger : ).

DraftKings has done okay. But, SPACs are generally a reasonably safe short

It is agreed that SPAC mergers has a 20% success rate.

So what..if somebody want to buy the building of GM holdens with high price then vinfast can sell to got profit..vinfast does not need that building for R&D..they move back to headquater in vietnam for R&D....

At first they planned to produce gasoline cars then they switched to electric cars. So it's normal for them to sell.

This is not a good sign when a new company branches out to do to many things that is beyond their goals and objectives - make cars. Specialization is all important in this industry.

Moving too fast, too soon. They aren't even making breakeven and yet branching out overseas....it won't be long before they will be bled try by expenses. Another sign they are badly managed.

Looking at the market cap now we are upgraded to: "Enron: The good guys in the room" 😱

@@OPM_Viking I would compare them to FTX

Người sợ đất nước thành công đâu mà

you are stp American Vietnamese :D

You're Vietnamese but it doesn't mean what you think about the company is right. I just read the news that its shares went up to $67 dollars today from $31 five days ago. How do you explain that?

@@thumtlnguyen3626 yeah!stock market go up and down. Tell me how many bev car vinfast production compare byd,lucid,tesla.Tesla sale 800k car in 2023 and people complaine tesla stock still overpriced. Remember tesla have 5 megafactory, 20 years on busssines and billon dollar on R&D.

@@thumtlnguyen3626 lets me remind you Vin do same trick with thier smartphone, ice car.First, Vin borrow money make something everyones know it failed when money gone thier stop production and tell people forget it. Second, Vin brrow more money and do it again. When someones talk about it thier blackmail people with lawsuit.

I live in Vietnam too. I think this valuation is kind of bunk too, but it is also a microcosm of the oddity that is the modern economy. Vinfast is Vingroup, Vingroup is HUGE and their balance sheet is actually pretty stable. Their cashflow is greater than this valuation, it is also the defacto car for Vietnamese car buyers who aren't buying import luxury brands, it is the staple brand for middle class families. IF the quality of Vinfast is equal to or greater than that of imports, this valuation is STEAL for anyone wanting to gamble " I have a toyota, won't be buying them anytime soon but its worth mentioning." If there are corporate interests or government buyers for large contracts, this makes the valuation even more clear if you ignore the forced sale by their employees. I sort of welcome this whole situation, it is smarter to build and ship out these cars at a large profit than congest and destroy what is found inside the country. Vietnam needs LESS, not more cars . . . .

@@WhatWillYouFind Concur on the last statement. Traffic in HCM / Saigon doesn't flow nearly as well with more cars / vans / trucks on the road, which has made commute times a bit longer for everyone and everything (including conveniences like deliveries).

@@WhatWillYouFind Vietnam needs more cars, but in the countryside though.

Why does it need more cars? There are already too many cars in the major cities. The infrastructure has not kept up and the urban migration does not lend itself to more cars in the countryside.

There is no need for more cars in Vietnam. We needs more trains @@Ronaldo6779

Tổng thống BIDEN chính là người CHÀO MỪNG HỌ ĐẾN NƯỚC MỸ TRONG SỰ HÂN HOAN... Bạn có thể gặp ông ấy và hỏi tại sao...? Và tại sao ?

Except some of the politicians may know that this is actually a state owned enterprise and cannot go broke. Figurehead is a joke. Vietnam like China is choosing to produce their own vehicles for local consumption and distribution, Vinfast is ring-fenced and state sponsored ... they cannot go bankrupt as funding is unlimited to support this endeavor.

​@@tunahxushi4669vietnam government isn't like China. They are too poor to prop up Vinfast

@@jonr3198 .. China is bankrupt, Vietnam is not... The government has plenty of money to support this enterprise despite any little pinks roaming around squawking.

@@tunahxushi4669 VinGroup is NOT state owned enterprise, it's private owned. And it's not unheard of that popular Private owned corportation goes broke and to jail in Vietnam, the most recent one being SHBank and Tan Hiep Phat Group in 2023 P/s: even state owned Corporation in Vietnam also goes broke, take a look at VINASHIN

Vinfast imports Chinese components to Vietnam to assemble them. Faulty cars make customers miserable. They are losing money and sales are bad. The IPO is like a trick of the century to collect money from the stock exchange of Vietnam.

Bạn cứ ráng giữ gìn sức khỏe để sống đến ngày chứng kiến cảnh họ bị sụp đổ nhé...chúc bạn nhiều sức khỏe.

100%

you can't fool everyone out there so don't even try, it won't work. Everything about this company sounds like it's bad idea.

you're talking like everyone in the US isn't ready to sue everything that breathes

@@Trong-HungLe They definitely do, but normally it's picking against people without legal departments. Normally going after the real press is disastrous.

@@zeanamush it’s a common tactic in Vietnam since their have connection with in the party and being a national pride , they can charge you for “spreading false information “ and then sue for “ defamation “

Vinfast imports Chinese components to Vietnam to assemble them. Faulty cars make customers miserable. They are losing money and sales are bad. The IPO is like a trick of the century to collect money from the stock exchange of Vietnam.

@@itsjustaline That won't work here in America. In order to attempt to sue for "false information", and "defamation", the information has to be...false. These types of information suppression tactics fail, and just shine a spotlight on the company in question. They are better off just trying to rapidly improve the product.

This car project was always meant for the overseas market first to establish a branding, and with Vietnam young demographics along with its growing economy, it does make a case to position a "car dream" to its domestic market eventually.

Looks like not sticking to scooters was the right move

All of us has scooters already. Who will buy? Vietnamese now need cars not motorbike honey. Our family even have few motorcycles not using for many years

Problem is scale. Even a wildly successful scooter operation would only add a few hundred million to Mr V's net worth.

Xe tay ga điện Vinfast tràn ngập thị trường Việt Nam với nhiều kiểu dáng khác nhau ngoài 6 mẫu xe điện đang bán chạy tại thị trường Việt Nam họ cũng có những dãy xe buýt điện chạy khắp các thành phố của Việt Nam rồi...

I'm not sure where they'd find investors willing to hold onto the stock long enough to loan it out. My guess is this stock get hot-potatoed around.

Hahaha..it is not easy to short vinfast..but vinfast investors can short you to be homeless..no body want to short stock, just only big Funding short them..

No, it's too risky to short tho. The owner of Vinfast still hold 99% of its shares.

Not enough shares available

VinFast restricts trading of its shares by banning short sales and options trading, which are common practices in the U.S. market. The absence of derivative securities services has kept large investment funds out of the game so far. Observers have also noted that most transactions of VinFast shares on Tuesday were made by existing shareholders. Investors in blank-check firms have the option to withdraw their money if they don’t want to hold shares in a company once it goes public, and 84% of those in Black Spade did so ahead of the merger, resulting in fewer shares available for trading and the potential for volatile price swings.

There’s about 40 cars at local dealership that use to be Infinite, since February 23 the cars have been sitting collecting dust. I smell scam. -nov 23

because the number of free float share is low, its not in the short sell list... so...

phạm nhật vượn is a bad business man, he built his wealth by collaborating with the Vietnamese communist to steal the lands of the Vietnamese people. He lost money in every business he does-except vinhomes where he made billions from the land he steals- here are the businesses that he has lost money: vinmart lost money, vinsmart -making smart- phone lost money and close , vinpearl lost money, vinpearl air -close before the first flight and vinfast is losing billions of US dollars. Phạm nhật vượn was banned to travel overseas, that’s why he couldn’t go to America for the soil digging of the vinfast plant. Rumours are that he will be arrested soon, just like the other two billionaires-Trịnh Văn Quyết and Trương Mỹ Lan- before him

Your comment does not mean anything? What are you talking about?

I know they are a company that is privately funded by the father at the moment so I hope not. The worst they could do is raise IPO and do a runner but share holders won't fall for that trick. What a shame because I have high hopes for them as a starter up but unless they put in the extra yard of due diligent in trying to make the vehicles themselves, they don't have a hope a chance in hell of surviving this saturated market.

If you have nothing nice to say. Just shut your mouth

Rivian and Lucid so much better than them

You should keep your mouth shut because you're just a poor guy

$100 😂

no they are good business sense but making cars is so much more than that.

​@@JL-yt5hy Based on what? You haven't responded to any points I've made, or in wikipedia, or in the video?

he is not an industrialist, but a seriously good businessman I hope USA can use him to contribute to the country, to the world, and to Vietnam. Smart money always move, people enjoy

@@hahdanghongha7810 He's such a good businessman he got an executive to just "give" the "businessman" ALL of his shares in the company as if he was just giving away worthless toilet paper. Now I don't know where you do businessness, but that's closer to being in the mafia than business. Elon Musk doesn't just expect his employees to give him their shares. He also doesn't have his wife corner the market by 97% in her food business within just a few years. It seems you missed my point: this guy is shady as he possibly can be. He absolutely is either in the mafia, paying people off in the government, or something even shadier I can't fathom. He's also such a good "businessman" he sold a company making 100 Million a year for 150 million total. What idiot would do that? Unless it was for favors, loans, or other shady shenanigans. Let's say your taxi business was making you 500k a year, would you sell it for 750k in just one year? No, that's 18 months worth, that's nothing.. an insult. Unless the person offering it is very important that you can't or shouldn't say no to. Nothing about this guy makes sense, he either makes terrible business decisions or the greatest. Nothing in between. And I don't know how the USA can "use him" or how he can contribute to Vietnam when he's blowing all his money on HIS car company that makes cars more expensive than they can sell for and are objectively terrible by people rating them. I'll pass on working with shady billionaires in communist countries that make insane decisions.

Try try the car before conclusion

Vinfast imports Chinese components to Vietnam to assemble them. Faulty cars make customers miserable. They are losing money and sales are bad. The IPO is like a trick of the century to collect money from the stock exchange of Vietnam.☺

Import cars in vietnam got 50% tax base on value. That why.

Tesla có tới 98% linh kiện được sản xuất bởi các hãng linh kiện của China... VINFAST phần lớn linh kiện của họ được sản xuất bởi các hãng linh kiện nổi tiếng của châu âu...gã khổng lồ tesla của Mỹ không có khả năng bán được một chiếc xe nào ở thị trường Việt Nam.. vì họ biết rõ đó là xe do CHINA sản xuất đến 98% được gắn made in USA.. người Việt Nam họ rất sành điệu về bất kỳ một linh kiện xe hơi của bất kỳ hãng sản xuất nào trên thế giới...nên họ nói KHÔNG với Tesla ở thị trường Việt Nam.

@@inhthanhtruong6193 Anh chàng đang nói về thị trường Mỹ. Teslas hoạt động tốt trong khi, trong các bài đánh giá trên KZfaq này, ô tô VinFast không hoạt động. Thật là kinh khủng. Việt Nam có thể dính vào ô tô sản xuất trong nước chất lượng thấp nếu muốn.

​@@inhthanhtruong6193thôi bố ơi bố trật tự giùm cái ko nói thì thôi chứ càng nói thì người ta lại bảo VN mình ngu

Vinfast imports Chinese components to Vietnam to assemble them. Faulty cars make customers miserable. They are losing money and sales are bad. The IPO is like a trick of the century to collect money from the stock exchange of Vietnam.

@@inhthanhtruong6193 vin nô hãy uống thuốc.😅😅

It is Chinese car, Việt Nam don’t even have the technology make a proper SCREW for the automobiles, a screw 😂

It is easy money, jus like the real estate and the impending real estate bubbles in US.

@@phuongmua5098 lên youtube toàn gặp bọn khát nước

@@codelessunlimited7701 easy money👎they have Not sold 1 car to the foreigners yet, maybe renting some but who would truly buy it, who. Easy money huh the company did not profit at all🤣🤣

Dag nabbit

lol that was also my first instinct

😂 true

Even Hyundai Motor took decades to come into present. I think VF is just going way above its limitation just to impress. They should just start with basics and invest more into R/D and come up with their own distinctive design.

@@kookie175 yeah u r right. But those VF fans are even crazier than Tesla fan. Beware

Steve Lehto, attourney at law

​@@truth.speakerdon't be a bot.

@@memenadekhanh3992 why bot I mean not 🤣

@@truth.speaker because you come here to promote certain lawyer.

@@memenadekhanh3992it’s just another channel they were referencing. I dont think they are actually looking for business or anything

Cannot go to zero because the truth behind Vinfast is that it is a state controlled enterprise. Vietnamese ruling party actually owns it not this ridiculous fake entrepreneur. They have unlimited resources in actuality because they cannot go broke. Whether they can ever get a foothold in the US market I feel is unlikely. They can continue to sell electric vehicles in Asia quite well because they are ring fenced. And I hope that they survive because having CCP China as the only Asian source of electric vehicles is unacceptable. Japan is way behind and still belching out promises of hydrogen vehicles for god sake...

Wow, that made the owner become the richest guy for a few days if he owns 99%

20,000 world wide, nothing in North America, deliveries to the new dealerships only, I wonder if they are counting those as sells since the dealers buy them from them, but even the dealer buildings are just shells for viet companies

People just wants to make money now and never think what happens next. Hopefully, stock price goes to 2 usd per share after lock up period.

Why magazine tho?

My biggest concern would be that the shorts don't get closed due to a lack of shares available. But they're 100% going down to $5 eventually

​@@markadler898399.9..% ông chủ của Vinfast đang nắm giữ tương đương 2.3 tỉ cổ phiếu chưa bán một cổ phiếu nào..

This is gonna drop so fast once shorting becomes available

Bạn đánh giá thấp người khác rồi...dẫu gì ông chủ của Vinfast cũng là người giàu trong top 30 của thế giới bạn đang đứng ở vị trí thứ mấy trên 7 tỉ người của thế giới vậy ? 7.999.999 đó có phải là vị trí của bạn đang đứng không.

​@@inhthanhtruong6193 nước ngoài họ cười quá đi chứ bạn. Giàu chỉ trên danh nghĩa định giá cổ phiếu thôi, chứ tiền mặt thật thì không có, thậm chí còn đang nợ nần chồng chất. Ông Vượng đang làm ván cược lớn nhất từ trước đến giờ, và thứ đặt cược là lòng yêu nước của người Việt. Báo chí Việt Nam hoàn toàn che đậy những thứ Vinfast đang làm sai trái, vì sao? Vì ông Vượng mua chuộc hết báo chí ở VIệt Nam rồi. Đây là kênh KZfaq nước ngoài, nên Vin không động chạm gì được.

​@@tt-tk9076as a Vietnamese, i am truly sorry but i can assure you, most of us are not dumb like him

@@tt-tk9076 xin lỗi vì vin nô chưa uống thuốc.😅😅

Commie countries love forcing people to drive bad cars.

isn't it funny that vf8 are cheaper in Us than in Vietnam

Nói ngược rồi. Giá bán xe Vinfast ở VN cao hơn Mỹ, giá thuê cũng cao hơn.😅😅

minh nghi nguoi ta dang noi ve gia xe vinfast so voi nhung xe khac o thi truong vietnam @@vivuphuongnam

@@johndoe3092 so? Just because there’s no 200% import tariffs doesn’t mean it will be cheaper than car sold in US. Vì fast cars already cheaper than Ford and Chevy in VN already.

Ít bữa họ mất cơ hội làm giàu họ kiếm mày họ đập cho đầu máu không chứ cảm ơn mày..

Unless there is a global shortage or petroleum there won’t be much demand. EV market is already cornered by Tesla and others established car makers.

@@sa34w keep in mind that the batteries used in literally ALL EVs are also finite and will face a crisis of lithium shortages seeing as how ALL electronics use similar resources.

Vietnamese calling it VinFake

@@VinceroAlpha they are recyclable but Petroleum products are not. Also LFP batteries have very little rare earth minerals in them. I understand the concept but lithium is also very abundant

@@sa34wRare earth minerals are also abundant. That doesn't make them easy to extract. And Li-ion batteries are recyclable, but so is almost everything around you. Nobody is recycling the batteries, not now, and not in the near future.