VinFast Has An $86B Market Cap, But It's Probably Worth Nothing
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- Опубликовано: 18 окт 2024
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VinFast's debut on NASDAQ took everyone by surprise, surpassing automotive titans like Ford and GM. But beneath the impressive numbers lie questions about vehicle quality and market valuations. In this video, we dive into VinFast's journey, dissecting its massive valuation and exploring the unpredictable world of EV startups. Join us in decoding the hype vs. reality.
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You miss the chance to be rich when you dont buy vinfast stock ..hahahahaha
@@johnd8281 translation: you're into gambling and are willing to gamble .. hahahaha don't get caught holding the garbage bag
I thought you guys were supposed to uncover the truth and be a journalist and not just regurgitating crap ... Vinfast is a state owned enterprise --> it's an SOE in Vietnam.... This random "owner" guy who you claim is an entrepreneur is just a figurehead, the only enterprises that exist like this in Vietnam are SOE... Source, I live there and know the people who work in the company. Vinfast is a state owned enterprise and 100% an entity of the ruling party of Vietnam. In theory, it cannot go bankrupt... Since the state owns it and props it up even if it loses money forever.
@@tunahxushi4669 Reading your comment about Vinfast makes me want go to the loo...
Boring story about a company no one knows or cares about. But I guess for shortsellers great video
Vfs is the perfect example of stock market manipulation where 99% of the stock is owned by an insider so only 1% is left for trading.
By the way, if you don't know, they try to bring their asset, laundry their money
Never trust anything coming out of socialist Vietnam.
i think the reason is because in vietnam vinfast has a very big cult like fan base and most of them are participate in the american stock market .
I don't know any thing about money laundering thingy. tho. first time hearing it.
@@loangxuong9863 This is all still in the "primary market" the large investors who get first access to IPOs and get a "cheap" price. They then turn around and sell them on the open market to smaller and individual investors. So the speculation is that Vinfast will survive its growth faze AND will attract those buyers. Or its just a pump n dump trying to metoo Tesla.
Absolutely correct. The reason is they don't want the Wall Street short their stock. VFS is slowly laundering their money out of VN by the corrupted officials.
The price for this stock peaked at above $80 just a couple weeks after this video and has since cratered to $5. Yikes 🤣
I heard "merged with a SPAC" and that's all i needed to hear 😂
Can you explain “merged with a SPAC” pls? If possible
@@captaintommy3379 SPAC stands for Special Purpose Acquisition Company. Its basically a company created for the sole purpose of acquiring another company. The company formed basically does nothing apart from raise capital and acquire another company that would otherwise have a difficult time going public itself. So they form the company and sell of the shares to raise funds and acquire companies that like Virgin Atlantic. So by buying virgin Atlantic they make it a publicly traded company by merging it with the SPAC. In essence there is nothing wrong with a SPAC but in recent times most companies taken public this way are not doing too well (when you look at their stock prices) and a lot of them are rushed acquisitions where due diligence is not done properly because a SPAC has a two years to get the deal done.
@@captaintommy3379 I have limited knowledge on this. But from my understanding based on what I read about SPAC. SPAC is an empty shell company listed on stock exchange. Then company like this vfs is not qualified or very difficult to have ipo if they use the conventional route because the company needs to meet minimum accounting requirement. So in order to be able to have vfs stock listed on exchange, the auto company uses merger method that is to merge with SPAC existing on stock exchange. All vfs company has to do is to change the ticker/stock name, and woa la, vfs company now is listed on stock exchange. As my understanding, this is like this vfs company is using SPAC to bypass the security commission and all those hassles before IPO.
Maybe I am wrong. Anyone can help me better understanding on this.
@@captaintommy3379It's a dodgy way to get a public listing. Google SPAC.
@@captaintommy3379instead of going public the "right" way they went public via merger with a publicly traded placeholder company. It's a way to get around IPO requirements.
I’m from Vietnam. I know the company. I would support them but this, this is a HUGE bubble. This worse than Game Stop. Investors, don’t fall for it.
From Vietnam here, VinGroup the parent company is really in bed with the communist government. Whether you think it's bad or good I don't care but from business stand point it's reasonable to be on the communist good side.
Need to raise cash… at least 20 billion.
Greetings! I visited your country once. Absolutely stunned by your spirit. I met such strong, kind and wonderful people. And the nature is beautiful. I'm looking forward to visiting again 🤗 🇻🇳 💕 🇩🇰
Vin group is ok its just for cars they only have 1 to 2 yrs of RND and they rushed these cars
fake news
These IPOs are insane. A startup car company from Vietnam that even car enthusiasts haven't heard of can instantly be the 2nd most valuable car company? I bet you could make a fortune just by shorting every ipo.
@@slimehero777 he's merely pointing out a pattern calm down edgelord.
Bạn quá xem thường sàn Nasdaq Mỹ rồi... họ đã dễ dàng để một cty không tên tuổi không tài sản nhảy vào Nasdaq để bán khống một vài tỉ IPO rồi kiếm vài chục vài trăm tỉ đô la rồi bỏ chạy được sao... tập đoàn Vingroup là cty mẹ của Vinfast là một đại tập đoàn rất mạnh và nổi tiếng ở Việt Nam...dãy tài sản của họ khối nhà tài phiệt có mơ cũng khó thực hiện để có được...đừng xem thường họ đến từ VIỆT NAM.
@@inhthanhtruong6193bạn có tin xe vin có hơn ferrari / số lượng xe được bán có hơn GM, Ford? Anh Vượng đang chơi, vì Vin sẽ bị coi thừa là nước lừa gạc
@@slimehero777 people will obviously short. just wait LOL this is damn obvious
@@inhthanhtruong6193 bạn quá coi trọng sàn Nasdaq Mỹ rồi ... họ đã dễ dàng để hàng chục công ty không tên tuổi không tài sản nhảy vào Nasdaq kiểm vài chục vài trăm tỉ đô là rồi sập sml... ví dụ là WeWork, Theranos, FTX, Enron,... . Các công ty này từ số 0 trở thành 3 đại tập đoàn rất mạnh và nổi tiếng ở Mỹ ... dãy tài sản của họ khối nhà tài phiệt có mơ cũng khó thực hiện để có được... xong rồi sập hết về số không... đừng nghĩ cứ Mỹ là thông minh, so về độ gà và ngu người Mỹ còn tai tiếng hơn người Việt.
Vinfast employees are forced to buy Vinfast vehicle, be it a car or a moped, if they can't afford it, the company will allow them to get on a payment plan that is paid back with a potion of their salary. This makes those sale numbers even more unreliable as they will run out of employees to sale to sooner or later. DON'T invest in them or you risk losing money.
as a vietnamese person, please don't buy Vinfast car is very very bad
@@alexhuy9318 Hi 3/
@@alexhuy9318van 3 que 😂
If i work for vinfast , and salary enough to buy vinfast car, i welcome vinfast force me buy car too
@@viluanon2862 with debt car broke but you had to pay for it.😂
I’m from Vietnam here. This Vingroup is a huge huge mafia act, preying on this country and its people.
mafia? ha ha đến từ việt nam à, biết nói tiếng việt không? mắt cười!
🤣
@@bangdung5908 Are you paid actors of Vingroup? Otherwise why acting like Vinslave?
I heard same thing from Vietnamese residence
I worked at the first vinfast store in Santa Monica. This car is a joke, the company management is delusional and cutthroat, and the direction of the company is aimless
The aim is to make a quick buck and walk away like Nikola
really?
Just another financial scam. The funny thing is the owner is barred from leaving Vietnam to ring the bell 😂
Ur right
He just dont want to show up 😏
@@minhdzung BS, he and his wife showed up at at a stupid vin future award, a cheap copy cat of nobel prize award, but not to this?
Clearly not a scam. Just maybe not a profitable or feasible business plan.
@@CODYJACKYOUNG going public with a "NOT a profitable or feasible business" IS a scam!
VINFAST sounds more like a wine delivery company than a car company.
Does your name even mean anything? Names are just names.
@@highavenueltd8373 Guess he's never heard of Vin Diesel or the Fast and the Furious franchise.
@theodoreolson8529 VinGroup and Vinfast are not owned by this fake entrepreneur, these enterprises are 100% state controlled. SOE hundred percent controlled regulated promoted and ring fenced by the Vietnamese ruling party. They cannot go bankrupt because they have 100% state support they are the mechanism for laundering money and controlling territory and resources and power. I do hope that this electric car company survives in Asia though, the more electric cars that do not come out of China the better.
@@highavenueltd8373 not a musk fan. but tesla is a great name for an electric car company. its great branding - it makes you think they're on the same level as edison etc.
Is that a diesel wine or something?
At this point, Temu just needs to make a car for $100 and sell it to suckers
Please stop, I'm suckers lmao I would without question waste $100 on that
It is a big sucker for sure
1:03 good one!
Have any of these SPAC mergers ever actually turned out well in the long run? As far as I can remember they largely tend to be hype fuelled cash incinerators.
as far as I remember almost none ever made any money.
@@tripplefives1402 there is no "me" in this equation because I ain't investing into something that visibly doesn't work to my advantage.
Grab and Buzzfeed were a SPAC merger : ).
DraftKings has done okay. But, SPACs are generally a reasonably safe short
It is agreed that SPAC mergers has a 20% success rate.
Vin Fast bought GM-Holdens proving ground when they shut up local manufacturing in Melbourne, Australia. They never released a car onto the Australian market, and then sold the proving grounds year later.
So what..if somebody want to buy the building of GM holdens with high price then vinfast can sell to got profit..vinfast does not need that building for R&D..they move back to headquater in vietnam for R&D....
At first they planned to produce gasoline cars then they switched to electric cars. So it's normal for them to sell.
This is not a good sign when a new company branches out to do to many things that is beyond their goals and objectives - make cars. Specialization is all important in this industry.
I've seen this movie before. It's called "Nikola: Starring Trevor Milton". Next they make a big deal with a major company within 6 months to keep steam and give them a legitimate face.
Keep in mind, they've only sold 19,000 cars that haven't had time to even break-in. They all still have that new car smell. One recall, and VinFast is vaporized. They are overvalued.
Also, what do Arizona and North Carolina have in common? They both have empty promises where an EV factory was supposed to be built.
Moving too fast, too soon. They aren't even making breakeven and yet branching out overseas....it won't be long before they will be bled try by expenses. Another sign they are badly managed.
Looking at the market cap now we are upgraded to: "Enron: The good guys in the room" 😱
@@OPM_Viking I would compare them to FTX
The craziest part is how we have to hear about this from a RUclipsr. But there are paid politicians walking right into their trap and willing to let buyers be sacrificed to a company they should have done more research on.
Tổng thống BIDEN chính là người CHÀO MỪNG HỌ ĐẾN NƯỚC MỸ TRONG SỰ HÂN HOAN... Bạn có thể gặp ông ấy và hỏi tại sao...? Và tại sao ?
Except some of the politicians may know that this is actually a state owned enterprise and cannot go broke. Figurehead is a joke. Vietnam like China is choosing to produce their own vehicles for local consumption and distribution, Vinfast is ring-fenced and state sponsored ... they cannot go bankrupt as funding is unlimited to support this endeavor.
@@tunahxushi4669vietnam government isn't like China. They are too poor to prop up Vinfast
@@jonr3198 .. China is bankrupt, Vietnam is not... The government has plenty of money to support this enterprise despite any little pinks roaming around squawking.
@@tunahxushi4669 VinGroup is NOT state owned enterprise, it's private owned. And it's not unheard of that popular Private owned corportation goes broke and to jail in Vietnam, the most recent one being SHBank and Tan Hiep Phat Group in 2023
P/s: even state owned Corporation in Vietnam also goes broke, take a look at VINASHIN
I live in Vietnam. I would be very interested to see how the fact that a new taxi company started in Vietnam(which is unclear if owned by Vin) in the last 9 months only using vinfast electrical cars might be related to their total sales numbers in Vietnam..... worth lookong into if they base the US numbers on sales in Vietnam..
I live in Vietnam too. I think this valuation is kind of bunk too, but it is also a microcosm of the oddity that is the modern economy. Vinfast is Vingroup, Vingroup is HUGE and their balance sheet is actually pretty stable. Their cashflow is greater than this valuation, it is also the defacto car for Vietnamese car buyers who aren't buying import luxury brands, it is the staple brand for middle class families. IF the quality of Vinfast is equal to or greater than that of imports, this valuation is STEAL for anyone wanting to gamble " I have a toyota, won't be buying them anytime soon but its worth mentioning." If there are corporate interests or government buyers for large contracts, this makes the valuation even more clear if you ignore the forced sale by their employees. I sort of welcome this whole situation, it is smarter to build and ship out these cars at a large profit than congest and destroy what is found inside the country. Vietnam needs LESS, not more cars . . . .
@@WhatWillYouFind Concur on the last statement. Traffic in HCM / Saigon doesn't flow nearly as well with more cars / vans / trucks on the road, which has made commute times a bit longer for everyone and everything (including conveniences like deliveries).
@@WhatWillYouFind Vietnam needs more cars, but in the countryside though.
Why does it need more cars? There are already too many cars in the major cities. The infrastructure has not kept up and the urban migration does not lend itself to more cars in the countryside.
There is no need for more cars in Vietnam. We needs more trains @@Ronaldo6779
During low interest rates all you had to do was say you would become someone big and you would get a market cap near the big dogs. The reason was investors were discounting future values at insanely low rates, so the easiest way to push up stock prices was not to make money but to announce growth plans even if you don't follow through
I know supplier who made money NOT from selling their products to VF. But from “problem solving” during the development. Every time there was a technical challenge or problem this supplier asked for money to provide solutions, masked under investment/tooling or equipment to solve the problem. Money flows freely and easily. They just need to open the tap.
Remember Vinfast also established an engineering office in Melbourne. Closed only less then two years later. They also bought Langlang proving ground located in Victoria Australia, used to be owned by Holden. Only to sell them few months later.
Those days they had money to spend like the money is like leaves grows from the tree.
How long do you think they will still be able to survive?
i am vietnamse. Dont buy it, it just scam
Người sợ đất nước thành công đâu mà
you are stp American Vietnamese :D
You're Vietnamese but it doesn't mean what you think about the company is right. I just read the news that its shares went up to $67 dollars today from $31 five days ago. How do you explain that?
@@thumtlnguyen3626 yeah!stock market go up and down. Tell me how many bev car vinfast production compare byd,lucid,tesla.Tesla sale 800k car in 2023 and people complaine tesla stock still overpriced. Remember tesla have 5 megafactory, 20 years on busssines and billon dollar on R&D.
@@thumtlnguyen3626 lets me remind you Vin do same trick with thier smartphone, ice car.First, Vin borrow money make something everyones know it failed when money gone thier stop production and tell people forget it. Second, Vin brrow more money and do it again. When someones talk about it thier blackmail people with lawsuit.
In a few years, this is going to be a greatly entertaining Netflix documentary.
The biggest issue with these new players in EV industry they try to short the development time and put their cars in the market as soon as possible and worry about issues later as they can push OTA updates to the cars which is not always true for car’s industry.
They will crash heavily soon if they keep this business model and rapid cash burn rate.
Bạn cứ ráng giữ gìn sức khỏe để sống đến ngày chứng kiến cảnh họ bị sụp đổ nhé...chúc bạn nhiều sức khỏe.
Institution brought bulks of initial shares to raise the price and quickly turn around sell it to retail investors. This is like well laid trap. The one who will lose most and all of the money is the new investors who lure by the "next Tesla" bait
you can't fool everyone out there so don't even try, it won't work. Everything about this company sounds like it's bad idea.
I've been to Vietnam recently and try vinfast taxi. And it's a horrible car. The ac is not that cold, alot of creeking sound and build quality us not that good IMO
Vinfast imports Chinese components to Vietnam to assemble them. Faulty cars make customers miserable. They are losing money and sales are bad. The IPO is like a trick of the century to collect money from the stock exchange of Vietnam.
The whole Vinfast is such a scam that will be a movie in the future 😂 The company does not have any advantages in comparison to other EV
Your comment does not mean anything? What are you talking about?
I know they are a company that is privately funded by the father at the moment so I hope not. The worst they could do is raise IPO and do a runner but share holders won't fall for that trick. What a shame because I have high hopes for them as a starter up but unless they put in the extra yard of due diligent in trying to make the vehicles themselves, they don't have a hope a chance in hell of surviving this saturated market.
If you have nothing nice to say. Just shut your mouth
Rivian and Lucid so much better than them
You should keep your mouth shut because you're just a poor guy
Look at the construction site in north carolina. They havent even started to install underground utilities like power, water, sewer, etc.
(11:08)”Like a soufflé under a sledge hammer.” Win for the metaphor.
Why Vinfast didn’t stick to scooters I will never understand. Everyone in Vietnam buys scooters. Almost no one bus cars.
This car project was always meant for the overseas market first to establish a branding, and with Vietnam young demographics along with its growing economy, it does make a case to position a "car dream" to its domestic market eventually.
Looks like not sticking to scooters was the right move
All of us has scooters already. Who will buy? Vietnamese now need cars not motorbike honey. Our family even have few motorcycles not using for many years
Problem is scale. Even a wildly successful scooter operation would only add a few hundred million to Mr V's net worth.
Xe tay ga điện Vinfast tràn ngập thị trường Việt Nam với nhiều kiểu dáng khác nhau ngoài 6 mẫu xe điện đang bán chạy tại thị trường Việt Nam họ cũng có những dãy xe buýt điện chạy khắp các thành phố của Việt Nam rồi...
They just need Vin Diesel and the Fast and Furious franchise to support them. 😂
I don’t understand how their shares are valued at such an insanely high price at its first initial IPO. It’s a very new car manufacturer who hasn’t even sold 30,000 cars yet. I studied Finance in college & I’ve found that valuation of a company is typically overly-exaggerated .
because the number of free float share is low, its not in the short sell list... so...
phạm nhật vượn is a bad business man, he built his wealth by collaborating with the Vietnamese communist to steal the lands of the Vietnamese people. He lost money in every business he does-except vinhomes where he made billions from the land he steals- here are the businesses that he has lost money: vinmart lost money, vinsmart -making smart- phone lost money and close , vinpearl lost money, vinpearl air -close before the first flight and vinfast is losing billions of US dollars. Phạm nhật vượn was banned to travel overseas, that’s why he couldn’t go to America for the soil digging of the vinfast plant. Rumours are that he will be arrested soon, just like the other two billionaires-Trịnh Văn Quyết and Trương Mỹ Lan- before him
I think this video is, too, although totally unintentional, but a blow to this company's image. Good!
Overhyped stock again. Is it a pump and dump ??
100%
According to Wikipedia (the best source, even better autotranslated) His wife started selling noodles and they decided to package them where they lived in Kharkiv, Ukraine at the time. A few years later he had 97% (Yes, NINeTY SEVEN)) of the market. Then apparently his factory was making $100m a year and he sold it for $150m. I'm not saying this dude is the shadiest dude during a new moon wearing a suit made of black cats, but something is up here. As the reviewr in Vietnam said at 5:42 "stay away" (refraphased).
no they are good business sense but making cars is so much more than that.
@@JL-yt5hy Based on what? You haven't responded to any points I've made, or in wikipedia, or in the video?
he is not an industrialist, but a seriously good businessman
I hope USA can use him to contribute to the country, to the world, and to Vietnam. Smart money always move, people enjoy
@@hahdanghongha7810 He's such a good businessman he got an executive to just "give" the "businessman" ALL of his shares in the company as if he was just giving away worthless toilet paper. Now I don't know where you do businessness, but that's closer to being in the mafia than business. Elon Musk doesn't just expect his employees to give him their shares. He also doesn't have his wife corner the market by 97% in her food business within just a few years.
It seems you missed my point: this guy is shady as he possibly can be. He absolutely is either in the mafia, paying people off in the government, or something even shadier I can't fathom.
He's also such a good "businessman" he sold a company making 100 Million a year for 150 million total. What idiot would do that? Unless it was for favors, loans, or other shady shenanigans. Let's say your taxi business was making you 500k a year, would you sell it for 750k in just one year? No, that's 18 months worth, that's nothing.. an insult. Unless the person offering it is very important that you can't or shouldn't say no to.
Nothing about this guy makes sense, he either makes terrible business decisions or the greatest. Nothing in between.
And I don't know how the USA can "use him" or how he can contribute to Vietnam when he's blowing all his money on HIS car company that makes cars more expensive than they can sell for and are objectively terrible by people rating them.
I'll pass on working with shady billionaires in communist countries that make insane decisions.
So they plan on bringing legal action against bad reviews in order to keep bad press down? That will be good enough to crash the stock on it's own
you're talking like everyone in the US isn't ready to sue everything that breathes
@@Trong-HungLe They definitely do, but normally it's picking against people without legal departments. Normally going after the real press is disastrous.
@@zeanamush it’s a common tactic in Vietnam since their have connection with in the party and being a national pride , they can charge you for “spreading false information “ and then sue for “ defamation “
Vinfast imports Chinese components to Vietnam to assemble them. Faulty cars make customers miserable. They are losing money and sales are bad. The IPO is like a trick of the century to collect money from the stock exchange of Vietnam.
@@itsjustaline That won't work here in America. In order to attempt to sue for "false information", and "defamation", the information has to be...false. These types of information suppression tactics fail, and just shine a spotlight on the company in question. They are better off just trying to rapidly improve the product.
Vinfast is just kid toys , you buy it you stuck it , no place to repair or recharge around US
If those cars are as bad as the RUclipsr said they're going to find out that here in America a lot of people and lawyers are always looking for someone to sue😂
There’s about 40 cars at local dealership that use to be Infinite, since February 23 the cars have been sitting collecting dust. I smell scam. -nov 23
Where are all the short sellers? VinFast will drop like crazy.
I'm not sure where they'd find investors willing to hold onto the stock long enough to loan it out. My guess is this stock get hot-potatoed around.
Hahaha..it is not easy to short vinfast..but vinfast investors can short you to be homeless..no body want to short stock, just only big Funding short them..
No, it's too risky to short tho. The owner of Vinfast still hold 99% of its shares.
Not enough shares available
VinFast restricts trading of its shares by banning short sales and options trading, which are common practices in the U.S. market. The absence of derivative securities services has kept large investment funds out of the game so far.
Observers have also noted that most transactions of VinFast shares on Tuesday were made by existing shareholders.
Investors in blank-check firms have the option to withdraw their money if they don’t want to hold shares in a company once it goes public, and 84% of those in Black Spade did so ahead of the merger, resulting in fewer shares available for trading and the potential for volatile price swings.
Basically what you are saying is VINFAST to the moon 🌙 🚀🚀🚀🚀🚀 🌙
They were able to sell their cars?? Who bought these? What were they thinking?
As you mentioned ... There are Volkswagen, Tesla, Ford, Chevy, Kia, Hyundai ... EVs. The list is endless. All of which are cheaper, more established, and perfectly capable. Why?
Try try the car before conclusion
Vinfast imports Chinese components to Vietnam to assemble them. Faulty cars make customers miserable. They are losing money and sales are bad. The IPO is like a trick of the century to collect money from the stock exchange of Vietnam.☺
Import cars in vietnam got 50% tax base on value. That why.
There are many people claimed to be Vietnamese and talked BS about VINFAST, a Vietnamese Pride. They are actually anti-Vietnamese group.
When stating numbers from the table at 7:39, the values are 2.4 trillion VND (~100M USD) and 7.7 trillion VND (~315M USD), not billion. It can be confusing because in Vietnamese you will see ty or tỷ which looks like it might translate to 'trillion,' but actually translates to 'billion.'
Their domestic IC cars aren't anything to write home about so i can't imagine EV being anything better either and then there is competition with giants like Tesla, im surprised anyone even bought their EV at all considering the range and price tag
Tesla có tới 98% linh kiện được sản xuất bởi các hãng linh kiện của China... VINFAST phần lớn linh kiện của họ được sản xuất bởi các hãng linh kiện nổi tiếng của châu âu...gã khổng lồ tesla của Mỹ không có khả năng bán được một chiếc xe nào ở thị trường Việt Nam.. vì họ biết rõ đó là xe do CHINA sản xuất đến 98% được gắn made in USA.. người Việt Nam họ rất sành điệu về bất kỳ một linh kiện xe hơi của bất kỳ hãng sản xuất nào trên thế giới...nên họ nói KHÔNG với Tesla ở thị trường Việt Nam.
@@inhthanhtruong6193 Anh chàng đang nói về thị trường Mỹ. Teslas hoạt động tốt trong khi, trong các bài đánh giá trên RUclips này, ô tô VinFast không hoạt động. Thật là kinh khủng. Việt Nam có thể dính vào ô tô sản xuất trong nước chất lượng thấp nếu muốn.
@@inhthanhtruong6193thôi bố ơi bố trật tự giùm cái ko nói thì thôi chứ càng nói thì người ta lại bảo VN mình ngu
Vinfast imports Chinese components to Vietnam to assemble them. Faulty cars make customers miserable. They are losing money and sales are bad. The IPO is like a trick of the century to collect money from the stock exchange of Vietnam.
@@inhthanhtruong6193 vin nô hãy uống thuốc.😅😅
As August 17 VinFast had lost 46% of his stock value on NASDAG
Dag nabbit
Crazy if you put in perspective, proton which is malaysia local car company with 40 years of experience still we had doubt with the qc and after sales in no way ready for us market and this company listed for ipo?crazy time
It is Chinese car, Việt Nam don’t even have the technology make a proper SCREW for the automobiles, a screw 😂
It is easy money, jus like the real estate and the impending real estate bubbles in US.
@@phuongmua5098 lên youtube toàn gặp bọn khát nước
@@codelessunlimited7701 easy money👎they have Not sold 1 car to the foreigners yet, maybe renting some but who would truly buy it, who. Easy money huh the company did not profit at all🤣🤣
I just want to tell Americas. Hoang, the owner of Gogo tv on RUclips has had a very serious traffic accident and permanently injured after being sued for criticizing his vinfast car.
The stock movement over the last week is literally insane. It basically speed ran the valuation bubble in one week and was at its peak, valued well over $200b. This is absolutely batshit crazy for a company that sold 20,000 cars last year. Ford sells more than that in just 2 days.
The stock is crashing right now, as of Aug. 29th. If the company was smart, it would have sold a significant percentage of its stock holding to raise capital.
Wow, that made the owner become the richest guy for a few days if he owns 99%
20,000 world wide, nothing in North America, deliveries to the new dealerships only, I wonder if they are counting those as sells since the dealers buy them from them, but even the dealer buildings are just shells for viet companies
150B as of today, that means it's worth almost DOUBLE nothing
I’m pretty sure they mean 2.4 million million vmd. Because 2.4 million in revenue is next to nothing.
$100
😂
to be honest I think VF will eventually succeed if the whole VN economy can keep the growth, they have the political support those Korean Chaebols enjoyed. But VF is still an unknown car company, its rank should be around 100ish.
Just… those VF fans are really aggressive and annoying who genuinely praise VF as Tesla killer and will bite anyone who disagree with them about VF
😂 true
Even Hyundai Motor took decades to come into present. I think VF is just going way above its limitation just to impress. They should just start with basics and invest more into R/D and come up with their own distinctive design.
@@kookie175 yeah u r right. But those VF fans are even crazier than Tesla fan. Beware
Don’t mind me just boosting the RUclips algorithm
Vinfast car reviews are always hilarious. Yeah it's probably going to zero
Cannot go to zero because the truth behind Vinfast is that it is a state controlled enterprise. Vietnamese ruling party actually owns it not this ridiculous fake entrepreneur. They have unlimited resources in actuality because they cannot go broke. Whether they can ever get a foothold in the US market I feel is unlikely. They can continue to sell electric vehicles in Asia quite well because they are ring fenced. And I hope that they survive because having CCP China as the only Asian source of electric vehicles is unacceptable. Japan is way behind and still belching out promises of hydrogen vehicles for god sake...
Uncle Vin gonna learn he can't bully people in the US like he can in VN.
I would never touch their stocks. Very risky bet.
In 2 weeks the Vinfast stock from 93 dollars 💵 down to 17.88 today’s, next 2 weeks it will be 50 cents
Hey Millenial good catch on this one. Too bad they don't have an options chain.
lol that was also my first instinct
Vinfast haven't sold any of EV in the US yet during 2023 up to this Sept., how Vinfast got the $1.9 billion in sale?
if you have to put "fast" on your car brand name, it's probably crap.
When Max Fosh sold a single share of Unlimited Money Limited he was immediately told to close up or he may be commiting fraud, when the Vinfast guy does the same thing it is somehow fine.
George Bush quote was classic!! 😂
6:37 I like how Donut Media video on the worst cars is literally vinfast
I smell something fishy in the wind ..fart..perhaps ?
Wow. This video has good journalism. Thank you!
i had a short on black spade, was going well and now the company sold and ticker changed, im locked in at $13 a share on 900 shares, so i hope you are right lol its gone to like $30 and i couldn't do shit about it as the old ticker doesn't exist and the new one wasn't in use yet, i should have sold at $9.50 when it went that low but greed is greed
My biggest concern would be that the shorts don't get closed due to a lack of shares available. But they're 100% going down to $5 eventually
@@markadler898399.9..% ông chủ của Vinfast đang nắm giữ tương đương 2.3 tỉ cổ phiếu chưa bán một cổ phiếu nào..
VF owner’s name is Vuong, or King in English. and the guy started out selling instant noodles. Anything else you need to know?
This valuation is ridiculous and some people will lose their shirt..... Look at Chinese EV makers. BYD and AION are doing well but companies like Nio or even Xpeng make excellent products but in itself that is not enough and right now these 2 brands struggle to sell more 20 k cars a month. that is still 10x more than Vinfast.... and for 46k usd?? In China you have dozens of models much much cheaper than that. And those are now exporting pretty well to South East Asia, Australia.....
I'm Vietnamese and I am not surprised in the least bit about what a dumpster fire this company is. Also unsurprised they used police to gag their critics.
I wonder how much the WEF and Black Rock have invested in this … company?
I continue to not understand why companies are willing to burn billions upon billion of dollars on unprofitable electric vehicles. The EV market is over saturated with vehicles that are not selling as well as the propaganda would leave you to believe.
You guys should think about getting into the short selling game.
Why does robinhood say market cap is only 640million?
There are two industries which bankrupt the owners : airline, and magazine business.
Maybe car manufacturing is the 3rd.
Why magazine tho?
Awesome video with great title!
The George bush quote was perfect
can we short sell the stocks and make money?
Cmon, every Vietnamese except for their seeders has already known this.
They just need some fame to lure some domestic naive investers to buy trash bonds to cover the mountainous debt
I thought the U.S. auto market was too protected/regulated for this kind of trash to end up here?
Between shoddy quality and dirt cheap labor costs that pile of 💩 probably costs $3000 to make
how many deliveries
At the end of the day, investors may have to eat the “Dong” if Vinfast disappears
People just wants to make money now and never think what happens next. Hopefully, stock price goes to 2 usd per share after lock up period.
Excellent video. Can you please do a similar video on NWTN electric vehicles? They also did a SPAC with east stone corp. Would love to see your take. Thank you!
Just dont ever buy Vinfast stocks, and thank me later 😉.
Ít bữa họ mất cơ hội làm giàu họ kiếm mày họ đập cho đầu máu không chứ cảm ơn mày..
This is going to be hard crashing soon.... retail investors should not fall into their tricks.....short sellers probably drooling now...
SPAC. Nough said.
I have lived in Vietnam over seven years. 99% of Vinfast electric cars in Vietnam is owned by its subsidiary taxi company. Vinfast doesn’t have any technology to make cars. This is almost biggest scam in Nasdaq history. It’s value is less than one percent.
Like Vinfast's owner, I have already gone all in to short it.
This is gonna drop so fast once shorting becomes available
Bạn đánh giá thấp người khác rồi...dẫu gì ông chủ của Vinfast cũng là người giàu trong top 30 của thế giới bạn đang đứng ở vị trí thứ mấy trên 7 tỉ người của thế giới vậy ? 7.999.999 đó có phải là vị trí của bạn đang đứng không.
@@inhthanhtruong6193 nước ngoài họ cười quá đi chứ bạn. Giàu chỉ trên danh nghĩa định giá cổ phiếu thôi, chứ tiền mặt thật thì không có, thậm chí còn đang nợ nần chồng chất. Ông Vượng đang làm ván cược lớn nhất từ trước đến giờ, và thứ đặt cược là lòng yêu nước của người Việt. Báo chí Việt Nam hoàn toàn che đậy những thứ Vinfast đang làm sai trái, vì sao? Vì ông Vượng mua chuộc hết báo chí ở VIệt Nam rồi. Đây là kênh RUclips nước ngoài, nên Vin không động chạm gì được.
@@tt-tk9076as a Vietnamese, i am truly sorry but i can assure you, most of us are not dumb like him
@@tt-tk9076 xin lỗi vì vin nô chưa uống thuốc.😅😅
I live right down the road from the Vinfast factory site in Chatham County, NC... I can tell you that no one in the local area is excited about it. They put it on a minor state highway without rail or water access for shipping, so everything is going to have to come in and out of a two-lane state highway. The local housing market is currently in a massive inflated bubble where only the very, very wealthy can afford to buy (starter homes at $650k around here). We even have some of the highest state and local taxes in the South. This isn't the place to put a business like this, only they want to be a tech company, so they decided to put it near a major tech hub (RTP) which is stupid...
I'm Vietnamese and even I would not buy Vinfast cars.
It has only released 34 Million shares. 270M Market cap. The max allowed shares is 2.3B and it could take 25 year to release. This is new way rather than splits.
VinFast have an advantage in Vietnam because people who buy VinFast don’t have to pay tariffs so their car is “affordable” compared to Honda or Chevy
Commie countries love forcing people to drive bad cars.
isn't it funny that vf8 are cheaper in Us than in Vietnam
Nói ngược rồi. Giá bán xe Vinfast ở VN cao hơn Mỹ, giá thuê cũng cao hơn.😅😅
minh nghi nguoi ta dang noi ve gia xe vinfast so voi nhung xe khac o thi truong vietnam @@vivuphuongnam
@@johndoe3092 so? Just because there’s no 200% import tariffs doesn’t mean it will be cheaper than car sold in US. Vì fast cars already cheaper than Ford and Chevy in VN already.
EV tax credit = Government subsidizes the cost of the car because customer demand doesn’t equal the cost of the car = taxes go to paying for the rebate
I think life has not gotten better for investors since SPACs started. Maybe we can go back to traditional IPO’s.
As a Triathlete I often wonder how a car I have never seen is sponsoring the biggest triathlons in the world.
Reported to the police about the youtuber because this guy sabotages Vinfast. They reportedd to the police to investigate whether there is an anti-state organization of Vietnamese people in the US behind or not? In Vietnam, the police cannot arrest people without reason. In the US, the law is as follows: sabotaging a business is illegal regardless of who is saboteur, e.g., business partner, competitor, family member, or customer.
A Vietnamese dong is presently worth about 1/250 of a U.S. penny. A 10,000 dong note is known as a Ding Dong; a 50,000 note is a King Dong.
Car reviewers are very clear about that one! No need for deep research!
great content but - that chord in the background makes me think of Sail by Awolnation... except it NEVER continues into the whole melody. It feels SO... unfulfilling after it loops for the hundredth time. 😠
If you fool me, well you can’t get fooled again.
Genius.
This is on par w how silver traders artificially keep silver so cheap when all metals are soaring. I mean, the manipulation and falsity pushed by investors and tech wanks.
It's this simple. There's just not enough customers clamoring for EVs.
Unless there is a global shortage or petroleum there won’t be much demand. EV market is already cornered by Tesla and others established car makers.
@@sa34w keep in mind that the batteries used in literally ALL EVs are also finite and will face a crisis of lithium shortages seeing as how ALL electronics use similar resources.
Vietnamese calling it VinFake
@@VinceroAlpha they are recyclable but Petroleum products are not. Also LFP batteries have very little rare earth minerals in them. I understand the concept but lithium is also very abundant
@@sa34wRare earth minerals are also abundant. That doesn't make them easy to extract. And Li-ion batteries are recyclable, but so is almost everything around you. Nobody is recycling the batteries, not now, and not in the near future.
I feel like companies are using the stock market like a "As Seen On TV" campaign. They bank on selling and making money before people get wise and then ditch out.