Even with this decline, VinFast's market cap still hovers around $40 billion. This positions the firm above seasoned EV players like Nio Inc. (NIO) and nearly on par with General Motors Co. (GM).

VinFast, the Vietnamese auto brand that’s making a big push into the U.S. market this year, had a significant presence at the 2022 New York International Auto Show. The company aims to start ...

While the Vietnamese EV startup’s future remains unclear, plans are going ahead for the launch of the new VinFast VF 6 subcompact electric crossover, which is meant to be coming out soon to ...