VinFast CEO unfazed by stock volatility, sees potential in ASEAN

[Viet]

VinFast CEO Thuy Le speaks at the ASEAN Business & Investment Summit in Jakarta on Sept. 4. She said the electric vehicle maker has achieved what many thought impossible. (Screenshot from ASEAN-BAC Indonesia 2023's YouTube page)
ERWIDA MAULIA, Nikkei staff writerSeptember 4, 2023 17:55 JST


JAKARTA -- VinFast CEO Thuy Le on Monday shrugged off volatile movements in the Vietnamese EV maker's stock price following its Nasdaq debut, saying she believed in the company's potential, especially considering Southeast Asia's rapidly expanding electric vehicle ecosystem.

"You probably saw after [the] listing how our share price went, and I think that a lot of people were surprised," Thuy said during a panel discussion on the second day of the ASEAN Business & Investment Summit in Jakarta. The event is taking place ahead of a gathering of leaders of the Association of Southeast Asian Nations and partner countries later this week.

VinFast CEO unfazed by stock volatility, sees potential in ASEAN

Thuy Le touts Southeast Asia's EV strengths to regional business leaders

asia.nikkei.com

 

[S10]

They botched their launch, so effectively it's game over.

 

[Viet]

They botched their launch, so effectively it's game over.

Nonsense
That’s just the beginning.
Good, the first batch was not good made. They will learn from the mistakes.

 

[S10]

Nonsense
That’s just the beginning.
Good, the first batch was not good made. They will learn from the mistakes.

An unknown brand manufactured in Vietnam with poor quality products in a competitive market?

I'd give it 3 years before it folds, and I am being extra generous.

 

[StraightEdge]

VinFast played the classic American game. No revenue, huge losses, but hype and valuation is amazing. It has sold less than 15,000 units in first half of the year.