In 50 Words: VinFast shares fall after initial surge

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In 50 Words: VinFast shares fall after initial surge

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VinFast Auto shares dropped sharply after the Vietnamese EV startup soared 255% on its debut on the Nasdaq.

CFO David Mansfield reported numerous investors lined up. Doubts linger, however, if VinFast can hit founder Pham Nhat Vuong’s 50,000 unit sales target for 2023.

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