Vietnam Vietnam Economy Thread

[Rodeo]

Thats Ok when the investors put a big bet on electric cars while Vinfast cars are more and more common in Vietnam

Oh dear! I just looked up at the current value of the company and it stands at $160 billions. It appreciated 40% just today. I'm sorry but this is not about trust. Some people manipulating the stock to dump later to earn billions. No disrespect to the company. I'm sure it will scale and become more prominent in the industry but the recent stock movements cannot be explained with trust.

 

[Vietdefense]

Vietnam’s booming auto market narrows gap with Thailand​

Vietnam’s auto market is catching up in size with that of Thailand, with the gap narrowing by almost 80% last year.
Thai auto sales exceeded Vietnam’s by 370,000 units in 2023, but the figure shrank to just 78,000 last year.
Thai sales fell by 26% to 572,700 vehicles, but in Vietnam there was a 22% jump to 494,300. It was the fastest growing of the five biggest markets in ASEAN.
Indonesia led in sales, followed by Malaysia, Thailand, Vietnam and the Philippines.

Full article: Vietnam’s booming auto market narrows gap with Thailand