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Stock impact report

A Little Good News for VinFast Investors [Yahoo! Finance]

VinFast Auto Ltd. (VFS) 
Company Research Source: Yahoo! Finance
The company switched to fully producing electric vehicles (EVs), has a deep pocketed founder and state-of-the-art production facilities, completely dominates its home Vietnamese market, and has ambitions to expand overseas. On the last note, there's a little bit of good news recently. Here are the details. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free » There are actually two bits of good news for investors. The first is that the Vietnamese EV maker has signed a non-binding deal with a consortium of Emirati investors to receive at least $1 billion in funding. This is good news for investors who have grown accustomed to investment coming from VinFast's parent company and founder. The investment comes at a time when VinFast has officially begun expanding in the Middle East, which is the second bit of good news for investors. VinFast opened its first dealership located in Dubai, a significant milestone in the EV maker's Show less Read more
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