VinFast: Vietnam EV maker valued at more than Ford or GM

[Viet]

Don't you think that it will get such a high valuation only after all the quality issues have been resolved and it has gained convincing sales?

Or can you please tell me what it's going to have in the future that's stronger than BMW and Mercedes?

Chinese are capitalists you know better than any others about making money. I am surprised that you ask me such basic things.
Stock valuation has much to do with casinos. Investors bet they get their money back with interests. Certainly they can go wrong and lose all the money.

In the case of VF, investors believe the company will fix all technical issues and sell lots of cars.

Secondly they believe Vietnam is the new China. That is due to tension between China and the West. The tension will increase in the future. You can say China is the past along with Russia while other move on.

About valuations of German carmakers, I really don’t understand. Tesla is more worth than all Germany and Japan carmakers combined. That makes no sense at all.

 

[pikkuboss]

I came across this reddit article on Vinfast IPO. A good read.

https://www.reddit.com/r/VinFastCommunity/comments/15rhx5s

I think the majority of Indians need to learn this lesson.

Hoopla about Nationalistic pride is not only their pastime - but a way to support votes for their current administration.

"My country right or wrong" is their mantra - especially in the new generation of Indians.

This is seen in a population who are desperate about their faltering national image and will clutch at flimsy straws to upgrade that image, though unsuccessfully.

If India had a Vinfast, you'd see the propaganda go through the roof....

Hey potty mouth, ask your Baalton to make EVs.

 

[SaadH]

Wonders of overinflated values of wall street listed companies courtesy of speculative bubbles and underhanded tactics of seasoned operators of swindling the money of the naive retail investors.

This stock will crash harder than anything once the wall street fat cats have taken all the money from mom an pop wanna be investors.

BTW Vinfast make $hit quality cars that have been lambasted by everyone that's used, reviewed or had the misfortune of buying one.

Valuations and speculation on wall street is so insane these days that I bet even if Yugo were to be listed it will beat one of the established automakers.

 

[Viet]

All bitter comments to trash bin
Congrats
Many other Viet companies will follow to do the same.

Thuy Le (middle), global CEO of Vinfast, [+]COURTESY OF VINFAST

 

[Han Patriot]

I think the majority of Indians need to learn this lesson.

Hoopla about Nationalistic pride is not only their pastime - but a way to support votes for their current administration.

"My country right or wrong" is their mantra - especially in the new generation of Indians.

This is seen in a population who are desperate about their faltering national image and will clutch at flimsy straws to upgrade that image, though unsuccessfully.

If India had a Vinfast, you'd see the propaganda go through the roof....

If India had a hype like Vinfast, half a billion would have ejaculated in their pants.

Chinese are capitalists you know better than any others about making money. I am surprised that you ask me such basic things.
Stock valuation has much to do with casinos. Investors bet they get their money back with interests. Certainly they can go wrong and lose all the money.

In the case of VF, investors believe the company will fix all technical issues and sell lots of cars.

Secondly they believe Vietnam is the new China. That is due to tension between China and the West. The tension will increase in the future. You can say China is the past along with Russia while other move on.

About valuations of German carmakers, I really don’t understand. Tesla is more worth than all Germany and Japan carmakers combined. That makes no sense at all.

That's how US capitalism works, you hype it until it becomes real. Tesla can be losing money for a decade. Only a money printing superpower can do this. Chinese companies need the battery technology and market and experience before even doing such shit. I am not trying to bellittle Vietnam, you have some Chinese blood in you. You guys have some Confucian culture which taught you not to boast and work from the bottom up, create a stable foundation first. Vietnam is the size of only ONE province in China, you want to replace a 1.4 billion 9mil sqkm country? Lol.

For small countries, it is inportant to work on niche technologies and be so good that you are irreplaceable.

 

[etylo]

. Vietnam is the size of only ONE province in China, you want to replace a 1.4 billion 9mil sqkm country? Lol.

Vietnamese are next to Indians with this grandeur delusion that they will replace China in Asia and eventually become a superpower in the world as they have the potential and should, lol, snake wants to swallow elephant.

 

[StraightEdge]

I think the majority of Indians need to learn this lesson.

Hoopla about Nationalistic pride is not only their pastime - but a way to support votes for their current administration.

"My country right or wrong" is their mantra - especially in the new generation of Indians.

This is seen in a population who are desperate about their faltering national image and will clutch at flimsy straws to upgrade that image, though unsuccessfully.

If India had a Vinfast, you'd see the propaganda go through the roof....

If India had Vinfast, I would be trashing it too. What is a trash is a trash irrespective of the country.

Edit: It's already dropping now. As expected someone made good money, someone will lose.

VinFast Stock Is Dropping. The EV Maker's Shares Are Too Expensive. | Barron's (barrons.com)
VinFast stock slumps the day after soaring on its IPO debut (yahoo.com)

 

[CIA Mole]

If India had a hype like Vinfast, half a billion would have ejaculated in their pants.


That's how US capitalism works, you hype it until it becomes real. Tesla can be losing money for a decade. Only a money printing superpower can do this. Chinese companies need the battery technology and market and experience before even doing such shit. I am not trying to bellittle Vietnam, you have some Chinese blood in you. You guys have some Confucian culture which taught you not to boast and work from the bottom up, create a stable foundation first. Vietnam is the size of only ONE province in China, you want to replace a 1.4 billion 9mil sqkm country? Lol.

For small countries, it is inportant to work on niche technologies and be so good that you are irreplaceable.

Vietnamese are next to Indians with this grandeur delusion that they will replace China in Asia and eventually become the next superpower in the world as they have the potential and should, lol, snake wants to swallow elephant.

why shit on and belittle and patronize vietnam, no wonder no one likes u guys

why not blame ur great helmsman for wrecking havoc on chinese company valuations

i think every western investor remembers the didi rugpull by terror feudal xi

 

[Viet]

If India had a hype like Vinfast, half a billion would have ejaculated in their pants.


That's how US capitalism works, you hype it until it becomes real. Tesla can be losing money for a decade. Only a money printing superpower can do this. Chinese companies need the battery technology and market and experience before even doing such shit. I am not trying to bellittle Vietnam, you have some Chinese blood in you. You guys have some Confucian culture which taught you not to boast and work from the bottom up, create a stable foundation first. Vietnam is the size of only ONE province in China, you want to replace a 1.4 billion 9mil sqkm country? Lol.

For small countries, it is inportant to work on niche technologies and be so good that you are irreplaceable.

That’s not about replacing China. It’s about offering alternatives. The world needs more balance. It can’t be that China controls everything. The battery production is controlled by China that is not healthy.

 

[etylo]

why shit on and belittle and patronize vietnam, no wonder no one likes u guys

why not blame ur great helmsman for wrecking havoc on chinese company valuations
View attachment 946482

View attachment 946483

i think every western investor remembers the didi rugpull by terror feudal xi

Lol，everyone in the world loves you hubris Yankee superpower esp the Vietnamese for sure, they long for more of your sweet agent orange.

 

[Skull and Bones]

Vinfast for a moment had marketcap more than Ford, tell me it’s not ponzi.

 

[Bilal9]

For small countries, it is inportant to work on niche technologies and be so good that you are irreplaceable.

That is exactly what Bangladesh is doing with apparel (and to some extent footwear), which is in second place for apparel globally after China and for cotton apparel to the US, currently in the top spot in the world. Not bad for a country half the size of Vietnam.

The backward linkage and integration (carding, spinning, weaving) is self-sufficient and well established in Bangladesh (unlike Vietnam) and is the lowest cost in the world.

Vietnam gets processed inputs from China for every export item for further finishing. Geography and having China as a neighbor was a blessing for Vietnam.

But yes - export diversification is also happening in Bangladesh to some extent beyond apparel. With locally branded electronics (cellphones especially), cookware, small electrics and white goods (TVs, Fridges, Microwaves, washing machines and ranges) produced locally and starting to be exported. We have a large market for Pharma goods in Vietnam.

In Bangladesh we need low value addition jobs, plenty of them, for our low skill people (unlike high-margin high-skill jobs). In Bangladesh we are not under delusion that we can spin off a Vinfast, the time for that has not come yet for us. We must remain firmly planted with our feet on the ground. No pie-in-the-sky semi-conductor production plans or moon missions.

Where Vietnam got today was because of China and her inputs to VN economy (I'm sure the Vietnamese also admit this). Similar with Bangladesh too - we wouldn't have gotten where we are today without Chinese inputs and machinery.

I have told my Vietnamese friends that the Koreans were having enough problems breaking into the luxury EV market in the US, it is amazing that Koreans carved a niche like BMW, Audi and MBZ.

Vinfast is a new player with rather inexperienced leadership (my personal take), they need to change and change fast. Koreans have been in the US with cars since the mid-80s. The car business is not a child's play in the US - especially the EV market. The stakes are big but so are the failures.

That's how US capitalism works, you hype it until it becomes real.

Yes - in the US they call it, "Fake it till you make it."

 

[Bilal9]

VF's ride quality is rubbish

They pay blogs and many social networking sites to exaggerate the quality of their products, and denounce and silence those who speak the truth.

These trash companies use national pride to scam people. Many people have fallen into this trap, such as Bphone, TV Asazo and now Vin cars.

Lesson learned is to continue to buy foreign products, do not buy so-called domestic products or support national pride

My Viet friends told me that some VINFAST petrol models were based on older BMW 5 series car and SUV (X5) chassis.

The exterior skin was changed by Italian designer house I believe.

 

[Viet]

My Viet friends told me that some VINFAST petrol models were based on older BMW 5 series car and SUV (X5) chassis.

The exterior skin was changed by Italian designer house I believe.

Yes design comes from Italy. That’s not unusual. Most carmakers do it. The Turks develop own EVs too. Also, comes from Italy.
VF is a new company. It’s ok to start from somewhere. So very ok to buy the chassis and motor from BMW.

 

[Han Patriot]

That is exactly what Bangladesh is doing with apparel (and to some extent footwear), which is in second place for apparel globally after China and for cotton apparel to the US, currently in the top spot in the world. Not bad for a country half the size of Vietnam.

The backward linkage and integration (carding, spinning, weaving) is self-sufficient and well established in Bangladesh (unlike Vietnam) and is the lowest cost in the world.

Vietnam gets processed inputs from China for every export item for further finishing. Geography and having China as a neighbor was a blessing for Vietnam.

But yes - export diversification is also happening in Bangladesh to some extent beyond apparel. With locally branded electronics (cellphones especially), cookware, small electrics and white goods (TVs, Fridges, Microwaves, washing machines and ranges) produced locally and starting to be exported. We have a large market for Pharma goods in Vietnam.

In Bangladesh we need low value addition jobs, plenty of them, for our low skill people (unlike high-margin high-skill jobs). In Bangladesh we are not under delusion that we can spin off a Vinfast, the time for that has not come yet for us. We must remain firmly planted with our feet on the ground. No pie-in-the-sky semi-conductor production plans or moon missions.

Where Vietnam got today was because of China and her inputs to VN economy (I'm sure the Vietnamese also admit this). Similar with Bangladesh too - we wouldn't have gotten where we are today without Chinese inputs and machinery.

I have told my Vietnamese friends that the Koreans were having enough problems breaking into the luxury EV market in the US, it is amazing that Koreans carved a niche like BMW, Audi and MBZ.

Vinfast is a new player with rather inexperienced leadership (my personal take), they need to change and change fast. Koreans have been in the US with cars since the mid-80s. The car business is not a child's play in the US - especially the EV market. The stakes are big but so are the failures.



Yes - in the US they call it, "Fake it till you make it."

Yes Bangladesh needs to be a niche player and utilize her demographic dividend. India is on a whole different scale, they won't be able to provide jibs for her people. Get the money, improve your infrastructure, make your governance efficient and educate your people.

That’s not about replacing China. It’s about offering alternatives. The world needs more balance. It can’t be that China controls everything. The battery production is controlled by China that is not healthy.

You don't get it, you can't and will not replace China. I am saying for the sake of your country, sell that company off and use the money from these dumb Americans and build a niche player. I would be happier if you can use that money and be a niche cathode or chemical supplier. Battery supplier is too much for you, not even the Koreans stand a chance against China.

why shit on and belittle and patronize vietnam, no wonder no one likes u guys

why not blame ur great helmsman for wrecking havoc on chinese company valuations
View attachment 946482

View attachment 946483

i think every western investor remembers the didi rugpull by terror feudal xi

My friend, do you know the turnover and profit of these two companies? Didi is bleeding money due to global expansion but these 2 apps are my 2 most used apps in China. Their valuations has nothing to do with their real value. Stocks rise and fall all the time and investors manipulate it based of the slightest China gloom doom.

Vinfast for a moment had marketcap more than Ford, tell me it’s not ponzi.

It's crazy how hype sells.