VinFast Auto re-initiated with a Buy at Chardan

Chardan re-initiated coverage of VinFast Auto (VFS) with a Buy rating and $5.50 price target The company is a manufacturer of electric vehicles, e-bikes, and e-buses for the Asian, European, Middle East and North American markets, the analyst tells investors in a research note. The firm says VinFast is the leading provider of automobiles in its home country of Vietnam. Electric vehicle unit sales in 2024 were almost triple the amount delivered in 2023, adds Chardan.