VINFAST* HONOURS VIETNAM : PRECIS

 

VINFAST - a Vietnamese electric-vehicle manufacturer, made its stockmarket debut on the NASDAQ.

Shares in lossmaking firm surged in a debut reminiscent of headier times for American equity markets.

VINFAST listed by merging with a special-purpose acquisition company and counts Pham Nhat Vuong, Vietnamese richest man, as its controlling shareholder.