VinFast officially listed on Nasdaq Globalmarket, capitalization of more than 23 billion USD

New York – Hanoi, August 15, 8 – VinFast has rung the launch bell on Nasdaq GlobalMarket, officially becoming a public listed company of global stature. The company has a market capitalization of more than 2023 billion USD, operating under the legal entity VinFast Auto Ltd. ("VinFast") with the trading code "VFS".

The bell-ringing event on Nasdaq Stock LLC ("Nasdaq") comes shortly after VinFast successfully completed its business merger transaction with Black Spade Acquisition Co ("Black Spade") on August 14, 8.

Accordingly, VinFast has officially become a public listed company of global stature, and is the Vietnamese brand with the largest capitalization listed on the US stock exchange up to now.

Leading the post-listing company is still Global General Director Le Thi Thu Thuy. She will be supported by a senior management team with extensive experience in many fields. Black Spade representatives will play an advisory role for the global development of the VinFast brand and assist in attracting investors.

Sharing about this important milestone, Ms. Le Thi Thu Thuy said: "The successful listing of VinFast will create a solid foundation for the goal of popularizing smart, safe and environmentally friendly electric vehicles to a large number of consumers, fulfilling our commitment in the sustainable mobility revolution on a global scale. In addition, the event also opens up access to the world's largest capital market and an important direction for the company's future development. We hope VinFast's story will inspire and open up more opportunities for Vietnamese brands to go out to the world."

As of June 30, 6, VinFast has handed over about 2023,19 electric cars including VF e000, VF 34, VF 5, VF 8 models. In the coming time, VinFast will continue to launch VF 9, VF 6, VF 7 in Vietnam and international markets. The company will also rapidly introduce next-generation electric vehicle solutions and generations to further expand the brand's footprint, realizing its goal of greening transportation on a global scale.

In terms of product and service infrastructure, in Vietnam, VinFast has established a strong position with the planning and deployment of a network of charging ports covering 63 provinces and cities and is continuing to expand further in the coming years. On a global scale, VinFast has built a retail and service network with 122 VinFast showrooms and service workshops.

VinFast also just broke ground on an electric car factory in the US on July 28, 7, marking a new step in its plan to develop the market and be self-reliant in supply in North America.

In parallel with production and business activities – VinFast is striving to establish its brand position through exploiting the potential of cooperation with distributors and agents in dozens of key markets, including North America, Europe, Vietnam and Southeast Asia.

The bell-ringing event at Nasdaq, officially listed in the world's largest capital market, is a historic milestone in VinFast's development roadmap. The event not only opened up opportunities to access international capital markets, promoting VinFast's strong development in the future; but also inspire Vietnamese brands to go out to the world.

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About VinFast

VinFast – a member company of Vingroup – with a vision to become a smart electric vehicle brand that strongly promotes the global electric vehicle revolution. VinFast manufactures and exports its range of electric SUVs, electric motorcycles and buses throughout Vietnam, North America, and soon Europe. Learn more at: www.vinfastauto.com.