VinFast Auto's Stock Tumbles Amid Growth Concerns
In a dramatic turn of events, VinFast Auto, a frontrunner in the electric vehicle (EV) industry based in Vietnam, witnessed a significant drop in its stock value this week. The EV manufacturer's shares plunged by approximately 30%, primarily due to disappointing growth and earnings in the first quarter of 2024. This downturn has led to a staggering 96% decline from its peak values post its public debut in late 2023.
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