FxPro adds VinFast to stock offering
Retail Forex and CFD broker FxPro is introducing a new addition to its stock offerings – Vietnamese electric vehicle (EV) manufacturer VinFast.
This emerging player has captured the market’s attention by achieving a remarkable feat on its debut trading day – surpassing the valuations of industry giants Ford and General Motors (GM).
VinFast’s bold business model is centred around becoming a global disruptor in the EV market. Their strategic approach has already manifested in impressive production capacity growth. Despite not yet being profitable, VinFast’s shares closed above $37 each in their recent New York debut, elevating the company’s stock market valuation to an impressive $85 billion.
As an investor, you have the opportunity to analyse this market development and decide whether you see VinFast as a buying or selling opportunity.