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VinFast shares hit the skids after $85 billion market debut

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Shares in the Vietnamese EV maker have headed south since ending the first day of trading at $37, hitting the net worth of founder Pham Nhat Vuong.

However, VinFast But has dropped sharply over the past two days, losing more than half its 255% gains on its Nasdaq Global Select Market debut. As a result, its billionaire founder and chairman Pham Nhat Vuong has seen his own net worth tumble.

 

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