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Vingroup, the parent company of VinFast, saw a 8.5% decrease in revenue in the second quarter compared to the same period last year.
On July 19, Gelunhui | VinFast, the Vietnamese electric vehicle company, announced in the Q2 2024 financial report of its parent company, the Vingroup Group, that its Q2 revenue was 43.3 trillion Vietnamese dong, a decrease of 8.5% year-on-year compared with 47.3 trillion Vietnamese dong in the same period last year, and its net operating profit after tax in Q2 was 684 billion Vietnamese dong, an increase of 71% year-on-year compared with 400 billion Vietnamese dong in the same period last year.
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Cantor Fitzgerald Reiterates Overweight on VinFast Auto, Maintains $8 Price Target
Cantor Fitzgerald analyst Andres Sheppard reiterates VinFast Auto with a Overweight and maintains $8 price target.
VinFast Auto Analyst Ratings
Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 07/15/2024 69.13% Cantor Fitzgerald $8 → $8 Reiterates Overweight → Overweight 07/01/2024 69.13% Cantor
Vinfast Delays Launch of North Carolina Facility
Vinfast said Friday it will delay the launch of its first-ever US manufacturing facility until 2028.The original opening was set for 2025, Reuters reported.The change in plans for the Vietnamese