Stock Track | VinFast Auto Soars 5.04% Intraday on Break-Even Target and Strong EV Delivery Forecast

Stock Track04-22

VinFast Auto's stock surged 5.04% during intraday trading on Wednesday, marking a significant upward movement for the electric vehicle maker.

The rally follows announcements from Vingroup Chairman Pham Nhat Vuong that VinFast is expected to break even in 2027 and deliver 300,000 electric vehicles this year. The chairman also confirmed that VinFast will not return to producing internal combustion engine cars, reinforcing its commitment to the EV strategy.

These positive developments from the parent company's shareholder meeting provided investors with renewed confidence in VinFast's financial outlook and growth trajectory in the competitive electric vehicle market.

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