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Vinfast - October 16, 2024

Vinfast DOOMED? - it doesn't look great

VinFast is facing severe challenges in the automotive market, including poor vehicle reviews, financial instability, and delayed production plans, raising doubts about its future viability Questions to inspire discussion Financial Challenges 🚨Q: How severe is VinFast's financial situation? A: VinFast is burning through cash at an alarming rate, with a trailing 12-month burn rate of $2.2 billion and cash on hand decreased to $93 million as of June 2023. 💰Q: What are VinFast's plans to address its financial issues? A: VinFast aims to increase its free float to 10-20% by the end of 2023 by selling more shares, but this...

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Vinfast DOOMED? - it doesn't look great

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