VinFast Auto soared on its first day in the public markets, boosting the fortune of its billionaire founder.
The electric car maker’s shares surged 255 per cent on Tuesday, adding $US39 billion ($60 billion) to the net worth of chairman Pham Nhat Vuong and pushing the company’s market capitalisation above that of industry giants General Motors and Mercedes-Benz. The fortune of Vietnam’s richest man now stands at $US44.3 billion, according to the Bloomberg Billionaires Index.
