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).

FILE PHOTO: People walk next to a VinFast logo on a screen during the press day at the Los Angeles Auto Show in Los Angeles, California, U.S. November 17, 2022. REUTERS/Mike Blake/File Photo/File ...

JAKARTA, INDONESIA - Media OutReach Newswire - 21 March 2025 -VinFast has signed a Memorandum of Understanding (MoU) with PT Aribi Amartapura (Amarta), one of Indonesia's leading vehicle ...