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VinFast Shares Are Jumping Today. Is the Stock a Buy?

TheMotleyFool

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VinFast Shares Are Jumping Today. Is the Stock a Buy?: https://g.foolcdn.com/editorial/images/756621/vinfast-grey-vf9.png

Shares of Vietnamese electric vehicle (EV) maker VinFast Auto (NASDAQ: VFS) soared in Thursday's trading. After spiking as much as 23% higher, VinFast shares were still up by 16% as of 2:55 p.m. ET.

The previously relatively unknown EV company has been getting more publicity after its debut on U.S. public markets in August 2023. Now it is also getting more analyst coverage and global recognition, too.

VinFast will be included in the Vietnamese delegation to the United Nations summit on climate change beginning today in Dubai. Known as COP28, the summit will include a display of VinFast's VF 9 flagship SUV as well as participation by the vice chairwoman of VinFast's parent company Vingroup.

Source Fool.com

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