VFS: What's Going On?
Aw, $VinFast Auto(VFS)$ Thinks It's A Real Car Company Look honey, it's setting five-figure sales goals! Get the camera! VinFast, a company that makes bad cars and then apparently sells them back to itself, has big plans. The automaker is eyeing scale and expansion, with plans for new factories in Europe and North America, and it wants the sales to match: 50,000 EVs sold in 2023 alone.
The only problem for VinFast is that this goal doesn’t seem to be possible.
Vuong has emphasized that VF's primary goals are driven by a sense of patriotism rather than pure profitability. If he continues to rely solely on patriotism as a selling point for Vinfast's expansion into global sales networks, it might be a wrong move.
In essence, his management team's focus on these fundamental objectives may be unrealistic.
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