Mother of Dragons Ventures into the Electric Vehicle Market - VinFast's Bold Expansion Plans Revealed!

The Iron Thrown Down on Quarterly Losses

As a ruler of dragons I know a thing or two about conquering challenges. VinFast may have seen a deepening 3.4% net loss in the fourth quarter of 2023 compared to the previous quarter but fear not for this dragon queen has a plan to rise stronger than ever!

Riding into Battle with Increased Sales Targets

Just as Drogon soars through the sky VinFast plans to spread its wings and nearly triple its vehicle sales this year. Le Thi Thu Thuy VinFast's chairwoman exudes confidence stating "We expand globally and have all the vehicles including the right hand drive model. So we are confident that we are going to achieve the guidance!"

Navigating the Lands of EV Competition

"Competition is the thief of potential," said the wise Ser Jorah. While other automakers are lowering their EV sales targets VinFast is charging ahead with vigor. Despite slow EV adoption in some regions VinFast is determined to dominate the EV market.

Dragon's Hoard: Market Capitalization Rollercoaster

VinFast's market capitalization has soared like Drogon's flames surpassing even the legendary Ford. But like the unpredictability of the Game of Thrones it has since faced slumps and challenges in the U.S market amidst fierce competition led by the mighty Tesla.

Expanding Kingdoms: Overseas Ventures

VinFast isn't content with ruling just one kingdom. The EV maker is eyeing two big markets Indonesia and India for its next conquests. With plans for factories in these lands VinFast aims to establish a battery leasing scheme to entice customers and expand its empire.

Raising the Dragon's Hoard: Fundraising Endeavors

After the blackout period ends VinFast will embark on a fundraising quest to increase public trading shares. Like a queen seeking allies VinFast looks to strengthen its position in the market and solidify its place among the giants.