VinFast boss insists share volatility 'normal'

By Agence France-Presse

Sep 30, 2023 12:15 am

HANOI: The dramatic fluctuation in shares of Vietnamese electric vehicle maker VinFast is 'normal,' its chief executive told AFP on Friday, insisting the company was on sound footing despite racking up huge losses.

Shares in the communist state's first homegrown car manufacturer have veered wildly since it listed on the Nasdaq in August, peaking above $82 before lurching back down, closing on Thursday at $12.56.

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