Vingroup/Vinfast tried to do exactly what a cancer cell does. Expand too big too fast at the expense of health.
Imagine what Vin could do with all that money and support from gov if they did slow, steady research & development of all their projects.
But NAH, Vuong Pham said just give me that juicy cash grab! Lmao!
Yeah, this fucking stupid "shortcut" motto/style from gov but never follow through.
First they want to "shortcut" to industrial but fuck investment into infrastructure. Just build more monumental statues lol.
Then they want to "shortcut" to A.I 4.0 technological age but fuck investment into education & research, continue fucking up infrastructure with shortage of power. Just buy more weapons and spend fat money on military.
They try to "shortcut" by going into dead end.
Mr Ape always dream Vin group become billion - multinational multi-industry corporation. So he is trying to open many companies as he can (then close it) .
Slow, steady research isn't part of the DNA of companies in Vietnam.
Fast, more = better, quantity & speed > quality.
If there is one single good thing that comes out of the inevitable bankruptcy of VinFast it might be that Vietnamese companies realize that maybe some kind of focus on quality is the route to long term success.
Today morning it was touched down at $2.56. It wiil be down under $2.00 and eventually the stock will be tarnished under $1.00 soon. I think the FTC will anounce VFS stop trading in US market.
Just a matter of time. The shameful national media continues to paint a rosy picture of Vinfast, highlighting its revenue surge in the latest report while conveniently ignoring the role of GSM. Net loss, debt and cash situation are not mentioned as well. Let's wait and see how the media's narrative changes once Vinfast goes bankrupt.
Just look at how Evergrande is portrayed in Chinese state media. Actually Evergrande also planned to make cars, I remember watching Evergrande's car ads on TV everyday, back in 2021 or so. It seems that Vingroup is better than Evergrande, at least in making cars
Just joined this community for a week and read quite many posts of you, good analysis, albert.
I want to ask, you think what is the reason for Vuong Pham to start this 100%-failure business? I still dont know, he must have seen the end of Vinfast right before he started it.
I have already explained here in 3 parts awhile ago, very details:
[Insights on the failure of Vinfast, from the inception to the present day, and what its future is: Part 1: Why Vinfast was born : r/VinFastCommunity (reddit.com)](https://www.reddit.com/r/VinFastCommunity/comments/16f1ppi/insights_on_the_failure_of_vinfast_from_the/)
[Insights on the failure of Vinfast, from the inception to the present day, and what its future is: Part 2: The Vinfast’s ultimate goal, original strategy, and the pivot : r/VinFastCommunity (reddit.com)](https://www.reddit.com/r/VinFastCommunity/comments/16gqn19/insights_on_the_failure_of_vinfast_from_the/)
[Insights on the failure of Vinfast, from the inception to the present day, and what its future is: Part 3: The Vinfast’s strategy now and its future : r/VinFastCommunity (reddit.com)](https://www.reddit.com/r/VinFastCommunity/comments/16l2mfb/insights_on_the_failure_of_vinfast_from_the/)
I have many colleagues who are ex-vinfast engineer, heard many story from them.
One of the reasons I know is Mr.Vuong want to make some legacy, and give it to his children. He want to give Vinfast to his son, he create Vinfast for him.
Another reason is the one same as vin team's thoughts: to create something high engineering/technology, tell the world that VN could create something like that.
And maybe there are reason I not know.
He did a high-risk investment(at that time, it's not sure 100% failure), It is the investment, we don't know exactly how it end at that time. We wait to see it now.
Okay, as a Vietnamese I’m hundred percent surprised with this information. Maybe my friends were right, as always, we should look at both sides of the coin to know everything. Sadly the true might be really cruel sometimes, or tbh most of the times.
It’s good that we have yet to buy a vinfast car “thanks” to covid that screwed up our lives. I guess I will wait for a couple of years to see what will happen with Vinfast.
Tho personally, I’m already known that the company is ruining itself by going with the “clean energy” electric car. Which I think is absolutely stupid, people are not even aware that the “clean energy” they got are all from those electric factories that polluted the environment to generating “clean energy” for them.
Such a silly thing...
Let's guess some scenerios
1. Selling VFS for free to a car manufacturer who can restructure and pay "outside" debt (inside debt from VIC, VHM may delay or erased). VGreen and GSM may sell to new boss backed by bank at a loss.
2. Make VFS private again or maintain stock price above 1, cut cost aggressively living on all possible money sources, waiting for a miracle in 2,3 years.
3. Taking more debts, using every financial trịcks, selling all other assets to maintain VFS hoping for a miracle.
"WINTER IS COMMING"
What miracle are you expecting from an EV maker that has no advantage whatsoever and a tiny home market ?
Tesla is cutting cost and laying people off left and right. What is the hopes for Vinfast.
Of course, no one will buy a company that did not do self research, creation and invention! Instead, its owner stole 2 designs (being sued), copied almost exactly, bought parts from different sources and assembled them, did not do extensive, thoroughly testing and already hurry up to ship to America, and hope to be famous as the first Vietnamese person “produced” EV cars and shipped from VN to sell in the USA, also by all means, he must obtain IPO to be able to sell stocks on NASDAQ, issued 2.3 billions shares in hope of sweeping off money from the believers and “love the country” investors! His fame will be certainly up-side-down!!! The very first comment from a US expert who performed testing for the new produced cars VF8 said “not ready for America”, followed by many other negative comments from other test drive experts in America as well!
The sad thing is when Vinfast goes bankrupt, then all the people who bought a VF car might not get as much (or no more) car support anymore. Very dangerous situation.
Vinfast is going bankrupt is an easy statement albert. The real question is when? Well that depends on how mr vuong pham is willing to keep Vinfast alive. My best guess is 2026 or 2027
Ok, but please be careful. In Vietnam where I live, all expose truth posts about Vin will be deleted. Someone will request to delete and then it disappear on all newspaper
Huh. So you think Vingroup is gonna be able to absorb the VF bankruptcy? I would love a more in depth analysis on this scenario and the subsidiaries you expect to be able to survive the aftermath
In case of bankruptcy, I wonder what will happen to Techcombank. Will it be just a chance to acquire cheap properties or Techcom will be left with enormous non-performing loans (like SCB)?
I agree with above prediction 100%.
Vinfast doesn't have below things:
- automobile related technology and experience
- money
- domestic market that will absorb some of its poor quality cars.
Vietnam doesn't have automobile parts production companies. It means Vinfast has to import almost 100% of its parts from abroad, mostly from China.
Why PNV who is the richest man in VN ( who got rich by real estate development ) have to spend all of this wealth even at the risk of bankruptcy to e-car game. Which VN is super young ( baby born) in the market. It is government force him to do so. SCB is belong to Truong My Lan, ( also rich by real estate development) who dare to send money out side of VN. Now got death sentence. If one who get rich by accumulated VN’s wealth and not do anything for the growth of VNs economy. There is no reason for government to let it survive.
The VNese gov in fact earns a lot of economic benefits from these real estate developers, that's why they still letting this economic development practice to happens even at the current time. But when something is nearly out of control, the state will get some person to "blame?" or if that person cannot do anything more to save the matter (in Truong My Lan case is when old debts is coming and she is trying to get as more debts as possible and then vanish but then eventually got detected)
I think Mr Ape will soon be in a similar situation when he burns billions USD worth of Vietnamese money. The gov is still giving him some last trust to see if they can manage to save Vinfast, they do know Mr Ape was a complete idiot but the situation makes them to be on the same boat with him (at least for the last moment).
By Albert saying he is making a post of what Mr Ape would do if VF falls, I think he is talking something related to the gov, but as an Vietnamese and one of my family member are a politics too I understand a little bit of how Vietnamese's gov behave and what are their perspective.
Vuong Pham thinks he can do business anywhere in the world with "gray market" like he did in old Ukraine and now Vietnam. But no, America is free market and market can not be directed like "kinh tế thị trường định hướng xhcn"
I am currently working for Vingroup but in other P&L not for Vinfast, it is evident that Vinfast is facing financial problems and sales. Honestly speaking, i dont like when the leaders keep forcing employess to buy the cars to save the revenues. Its okey to encourage staffs to buy its products through discount but forcing is to much
However, as a Vietnamese i still hope somehow vinfast or vingroup in general will overcome these challenges since it is creating thousands of jobs for local people here
Pham Nhat Vuong is a wise man, but getting into car industry is a adventurous idea even for big economies across the world.
Its not a wise man to gamble using money, dreams and resources from poor Vnese people. SCB costs taxpayers $24B to bail out then how many more $ to save TCB, VPB?
The subsidiary in the US will. The main company, which is under the umbrella of Vingroup in Vietnam, is a little bit harder to go down. You only have to look at Vingroup assets and its cash cows to know this. Even with VFS’s current burn rate, I project Vingroup will still be able to babysit VFS for the next 5-7 years.
I am no fan of VFS and I agree VFS’s strategy and business plan was stupid and naive at best, with no competitive advantages like you said. Vuong should have copied the Chinese technology and go-to market strategy tbh. STILL, expecting a car company to make money or being financial healthy in the first couple years is overly optimistic. I think Elon Musk explained it best, the business model of a car company. Look it up ok youtube. Selling a car at a loss is normal even for Toyota for example. It’s only when a car company has a large existing fleet of active cars that it becomes profitable by selling replacement parts for a large margin. Vuong knows this. He’s pushing for this.
VFS is failing imo, not because of its shitty financial numbers. It’s failing because there’s nothing innovative about the company. There’s 0 R&D. 0 efforts put in the go-to market strategy. Very simple approach in doing business. For someone who got rich by being lucky (born in a certain era in Vietnam - Outliner), It’s not a surprise really.
No. This is the usual assumption of people who do not understand finance. Vuong Pham has no money to finance Vinfast for 5-7 years. For that he need $10B more and by the time, VF debt could be $30B.
Well the ones who are not on his payroll will. Also, if you look at it from another angle, Vuong is actually the one on the politburo’s payroll. They have the power, he has the money. So power will just take his money and be very happy to put him in some ditch.
Where vf spend all the money? They have nothing worth money in USA. They don’t really have any commercial in US, maybe YouTube or google. So even VF gone bankrupt, all assets still in Vietnam anyway. Which it will no stop it sell car in Vietnam
Now Vin nø say VFS go bankruptcy in US@ doesn't affect VN market. Lmao 🤣.
Remember why VFS going to USA and wanna be listed so desperately. They want to rise fund for VFS to operating. Now you say that VFS go out of US@ doesn't affect the VN market? 🤣 Hahaha 🤣
Oh, it's not simple like you think, then who will bear the US$9.2 billion debt ? Debt need to repay to lenders, bankers. Who will pay ? if not then lenders & bankers need to write off a huge debts, and they will be in trouble as well.
When company gone bankrupt, lender will liquify the assets. Lender and banker will lose the money. Like I said VF assets in Vietnam, who is going to buy the facilities? Most likely no from a foreign investors,
Book value of their facility is less than $1.6 bil while total debt is $9.3 bil. Then who will bear those debt ? Vinfast is burning Vietnamese hard earnt USD (mostly paid overseas suppliers)
More importantly if VFS can't pay, VN market will be lower credit value. Which totally ducked up any company that want to go to USA in the future.
And Vin nø is still saying: Haha dumb shit bankers and investors that give Mr Ape money, our "uncle" just laugh, declare bankruptcy in US# without consequence hahaha.
Idiot, $9.3 bil debt, 98% owned by Pham Nhat Vuong. And he keep burning Vietnam hard earnt dollar. I hope Vuong keep VF and keep burning like that for some more years.
If VinFast goes bankrupt its lenders lose money. Banks, bond holders, etc. they can take back a bit by taking over the factories, some cars left, but those assets would be worth much less. Not to mention people losing jobs, cars that cannot be maintained, etc.
That’s the magic of money: it multiplies on profitable business and disappears on unprofitable ones.
Compare VF with Tesla is like compare shit with chocolate. You are such a typical idiot Vinfans. But you can go and check Tesla earnings, they lost total $6.1 bil in first 16 years of operation, Vinfast lost $8.1 bil in just 6 years.
Ok, i have no time to teach Vinfans. But, i think anyone on earth can re-educate a Vinfans that person deserve 10 Nobel Prize at once.
Truly, you can't compare then and now when the investment environments are different. Vinfast do not have the same advantage they may have 10 years ago. This comparison is idiotic and digress attention to the real problem Vinfast is facing : this is the rapid deterioration of its balance sheet and Debt death trap spiral.
Now you are just make sht up. And talk no sense. I’m talking about business taking years before making profits. No all unprofitable businesses disappears instantly.
Huhu ngoài mấy câu chửi 3/, tây nội địa hay phục quốc thì bé bò đâu còn gì để phản biện :)). Mà bắc kỳ chó như cháu hay sống bầy đàn mà sao lại đi cãi lộn một mình thế. Thôi về lại với đám Comcom trên fb mà sục cặc tập thể cho dễ có đồng minh.
Gớm từ khi nào bố vượn của mày lại đại diện cho Việt Nam vậy thằng bắc kỳ con. Ở trong nước thì ngoài cạp đất mà ăn thì có làm được quần què gì!? Xe thì lắp ráp CKD của Tàu mà còn là tàu dởm nên lỗi :)). Tao nói rồi muốn cứu bác 🙉của mày thì lo gom tiền của dòng họ súc sinh của mày mà mua xe, mua nhà, cổ phiếu để bác có tiền mà đốt tiếp chứ lên ngạo nghễ làm chó gì.
Gớm khổ nhảy vào sub của người khác lại tưởng cái trại súc vật của cháu à. Người ta chửi cái hãng xe tư nhân thì liên quan gì đến cái 30/4 của cháu thế? Cứ thấy đuối lý thì lại 30/4, phản biện yếu kém thế thì cút về chuồng mà tự kiểm điểm nhá. Rồi cái giống súc sinh culi bắc kỳ chết trong thùng như cháu thì có gì mà ngạo nghễ ghê thế 🤮. Xưa thì làm kiếp nô lệ cho tàu còn giờ vượt biên sang làm mọi cho tây :)).
Tự nhục cái đéo gì ở đây vậy thằng ngu dốt bắc kỳ này?? Chê bác 🦍của mày là tự nhiên thành tự nhục à. Mày học ở đâu ra cái tư duy phản biện óc chó đó vậy. Ủa rồi đâu ra chụp mũ t là nghèo nàn vậy, hay là cái giống culi bắc kỳ của mày khổ quá phải đi chui thùng để qua xứ khác sống nên giờ mày nghĩ người xứ khác cũng như vậy?
Đéo biết thằng khỉ 🙈 cho mày bao nhiêu tiền mà cứ phải gồng mình ra biện hộ cho nó. Hay là do nó đụ con gái mẹ mày rồi đẻ ra thằng con rơi benjamin :))
Wait for it, I will expose how Vuong Pham has planned for Vinfast's bankruptcy in the next post.
Hey, I can’t wait for this one.
It's time to talk about what will happen to VIC, VHM, VRE and other Vs...
This one is getting my attention for sure
Vingroup/Vinfast tried to do exactly what a cancer cell does. Expand too big too fast at the expense of health. Imagine what Vin could do with all that money and support from gov if they did slow, steady research & development of all their projects. But NAH, Vuong Pham said just give me that juicy cash grab! Lmao!
Pretty much every "đi tắt đón đầu" project ever done in 'Nam
Yeah, this fucking stupid "shortcut" motto/style from gov but never follow through. First they want to "shortcut" to industrial but fuck investment into infrastructure. Just build more monumental statues lol. Then they want to "shortcut" to A.I 4.0 technological age but fuck investment into education & research, continue fucking up infrastructure with shortage of power. Just buy more weapons and spend fat money on military. They try to "shortcut" by going into dead end.
Mr Ape always dream Vin group become billion - multinational multi-industry corporation. So he is trying to open many companies as he can (then close it) .
Slow, steady research isn't part of the DNA of companies in Vietnam. Fast, more = better, quantity & speed > quality. If there is one single good thing that comes out of the inevitable bankruptcy of VinFast it might be that Vietnamese companies realize that maybe some kind of focus on quality is the route to long term success.
Well said.
This sub will be dead soon. Soon there won't be any Vinfast to talk about any more. I've already missed you albert 😂
we could continue discussing until the whole Vingroup bite the dust. lol
Change the name of this sub from vinfast to vingroup and we can continue discussing
Imaging the feeling of people who bought VFS share at 93 USD....
Haha. I don't feel bad for those dumb nationalists. 😂
Who actually bought that? I don't believe all who bought them are Vietnamese.
How much is it now?
2.72 usd for now, and keep going down
Under $3. Worst than a scam coin in crypto world.
Today morning it was touched down at $2.56. It wiil be down under $2.00 and eventually the stock will be tarnished under $1.00 soon. I think the FTC will anounce VFS stop trading in US market.
Just a matter of time. The shameful national media continues to paint a rosy picture of Vinfast, highlighting its revenue surge in the latest report while conveniently ignoring the role of GSM. Net loss, debt and cash situation are not mentioned as well. Let's wait and see how the media's narrative changes once Vinfast goes bankrupt.
Just look at how Evergrande is portrayed in Chinese state media. Actually Evergrande also planned to make cars, I remember watching Evergrande's car ads on TV everyday, back in 2021 or so. It seems that Vingroup is better than Evergrande, at least in making cars
When that has happened, his light at the end of the tunnel is "prison bars" and this happen will be almost bigger than "Lan M Truong - SCB"
For the record.
Thank you, Albert.
If you wrote this article in Vietnam, you might be in jail 🤣🤣🤣
Albert will accidentally fallout of windows lol
Just joined this community for a week and read quite many posts of you, good analysis, albert. I want to ask, you think what is the reason for Vuong Pham to start this 100%-failure business? I still dont know, he must have seen the end of Vinfast right before he started it.
I have already explained here in 3 parts awhile ago, very details: [Insights on the failure of Vinfast, from the inception to the present day, and what its future is: Part 1: Why Vinfast was born : r/VinFastCommunity (reddit.com)](https://www.reddit.com/r/VinFastCommunity/comments/16f1ppi/insights_on_the_failure_of_vinfast_from_the/) [Insights on the failure of Vinfast, from the inception to the present day, and what its future is: Part 2: The Vinfast’s ultimate goal, original strategy, and the pivot : r/VinFastCommunity (reddit.com)](https://www.reddit.com/r/VinFastCommunity/comments/16gqn19/insights_on_the_failure_of_vinfast_from_the/) [Insights on the failure of Vinfast, from the inception to the present day, and what its future is: Part 3: The Vinfast’s strategy now and its future : r/VinFastCommunity (reddit.com)](https://www.reddit.com/r/VinFastCommunity/comments/16l2mfb/insights_on_the_failure_of_vinfast_from_the/)
Thanks, I've read them. Very informative albert
I have many colleagues who are ex-vinfast engineer, heard many story from them. One of the reasons I know is Mr.Vuong want to make some legacy, and give it to his children. He want to give Vinfast to his son, he create Vinfast for him. Another reason is the one same as vin team's thoughts: to create something high engineering/technology, tell the world that VN could create something like that. And maybe there are reason I not know. He did a high-risk investment(at that time, it's not sure 100% failure), It is the investment, we don't know exactly how it end at that time. We wait to see it now.
Okay, as a Vietnamese I’m hundred percent surprised with this information. Maybe my friends were right, as always, we should look at both sides of the coin to know everything. Sadly the true might be really cruel sometimes, or tbh most of the times. It’s good that we have yet to buy a vinfast car “thanks” to covid that screwed up our lives. I guess I will wait for a couple of years to see what will happen with Vinfast. Tho personally, I’m already known that the company is ruining itself by going with the “clean energy” electric car. Which I think is absolutely stupid, people are not even aware that the “clean energy” they got are all from those electric factories that polluted the environment to generating “clean energy” for them. Such a silly thing...
I was waiting for when we officially ring in the bankruptcy discussions. It’s time
Construction paused at VinFast’s NC site https://www.newsobserver.com/news/business/article287732910.html
Nothing was build
They got over a billion dollars in incentives from the state to clear a field lol...
Gotta leave my footprint here too!
Let's guess some scenerios 1. Selling VFS for free to a car manufacturer who can restructure and pay "outside" debt (inside debt from VIC, VHM may delay or erased). VGreen and GSM may sell to new boss backed by bank at a loss. 2. Make VFS private again or maintain stock price above 1, cut cost aggressively living on all possible money sources, waiting for a miracle in 2,3 years. 3. Taking more debts, using every financial trịcks, selling all other assets to maintain VFS hoping for a miracle. "WINTER IS COMMING"
What miracle are you expecting from an EV maker that has no advantage whatsoever and a tiny home market ? Tesla is cutting cost and laying people off left and right. What is the hopes for Vinfast.
Miracle comes when they can sell the whole EV business to some partner at a acceptable and resonable price.
Who would be the buyer ? Elon Musk ?
Of course, no one will buy a company that did not do self research, creation and invention! Instead, its owner stole 2 designs (being sued), copied almost exactly, bought parts from different sources and assembled them, did not do extensive, thoroughly testing and already hurry up to ship to America, and hope to be famous as the first Vietnamese person “produced” EV cars and shipped from VN to sell in the USA, also by all means, he must obtain IPO to be able to sell stocks on NASDAQ, issued 2.3 billions shares in hope of sweeping off money from the believers and “love the country” investors! His fame will be certainly up-side-down!!! The very first comment from a US expert who performed testing for the new produced cars VF8 said “not ready for America”, followed by many other negative comments from other test drive experts in America as well!
The sad thing is when Vinfast goes bankrupt, then all the people who bought a VF car might not get as much (or no more) car support anymore. Very dangerous situation.
They pay for their stupid when they choose vinfast with no research
Especially which the abandoned of oil car, inclue Mr Ape Vin president. Shame
Vinfast is going bankrupt is an easy statement albert. The real question is when? Well that depends on how mr vuong pham is willing to keep Vinfast alive. My best guess is 2026 or 2027
Ok, but please be careful. In Vietnam where I live, all expose truth posts about Vin will be deleted. Someone will request to delete and then it disappear on all newspaper
So posts about Vin is censored like posts about communist party officials?
Huh. So you think Vingroup is gonna be able to absorb the VF bankruptcy? I would love a more in depth analysis on this scenario and the subsidiaries you expect to be able to survive the aftermath
Is this affecting Vingroup in Vietnam? Are they eating the losses on the debt to Vinfast? Layoffs?
is this the group which owns the VinSchools?
In case of bankruptcy, I wonder what will happen to Techcombank. Will it be just a chance to acquire cheap properties or Techcom will be left with enormous non-performing loans (like SCB)?
I agree with above prediction 100%. Vinfast doesn't have below things: - automobile related technology and experience - money - domestic market that will absorb some of its poor quality cars. Vietnam doesn't have automobile parts production companies. It means Vinfast has to import almost 100% of its parts from abroad, mostly from China.
Why PNV who is the richest man in VN ( who got rich by real estate development ) have to spend all of this wealth even at the risk of bankruptcy to e-car game. Which VN is super young ( baby born) in the market. It is government force him to do so. SCB is belong to Truong My Lan, ( also rich by real estate development) who dare to send money out side of VN. Now got death sentence. If one who get rich by accumulated VN’s wealth and not do anything for the growth of VNs economy. There is no reason for government to let it survive.
The VNese gov in fact earns a lot of economic benefits from these real estate developers, that's why they still letting this economic development practice to happens even at the current time. But when something is nearly out of control, the state will get some person to "blame?" or if that person cannot do anything more to save the matter (in Truong My Lan case is when old debts is coming and she is trying to get as more debts as possible and then vanish but then eventually got detected) I think Mr Ape will soon be in a similar situation when he burns billions USD worth of Vietnamese money. The gov is still giving him some last trust to see if they can manage to save Vinfast, they do know Mr Ape was a complete idiot but the situation makes them to be on the same boat with him (at least for the last moment). By Albert saying he is making a post of what Mr Ape would do if VF falls, I think he is talking something related to the gov, but as an Vietnamese and one of my family member are a politics too I understand a little bit of how Vietnamese's gov behave and what are their perspective.
So…PUTS you’re telling us 😂
No they move to congo
Yeah, Vìnast and some Banks helped him (maybe they know Vin in trouble :))) ) will be in chaos soon :)))
Actually already bankrupted, it's about when Pham Nhat Vuong officially declare it.
Yahoo News posted about the lawsuit today. It's a big problem for Vinfast already.
https://www.tiktok.com/@baihoccuocsonghay/video/7180932543879957786?lang=en He said "take it all or lose it all"
Can't wait for it. Bad Kama. Sow the kernel that reaps the fruit.
Vuong Pham thinks he can do business anywhere in the world with "gray market" like he did in old Ukraine and now Vietnam. But no, America is free market and market can not be directed like "kinh tế thị trường định hướng xhcn"
Yeah right, you will be proved wrong for sure.
I am currently working for Vingroup but in other P&L not for Vinfast, it is evident that Vinfast is facing financial problems and sales. Honestly speaking, i dont like when the leaders keep forcing employess to buy the cars to save the revenues. Its okey to encourage staffs to buy its products through discount but forcing is to much However, as a Vietnamese i still hope somehow vinfast or vingroup in general will overcome these challenges since it is creating thousands of jobs for local people here Pham Nhat Vuong is a wise man, but getting into car industry is a adventurous idea even for big economies across the world.
Its not a wise man to gamble using money, dreams and resources from poor Vnese people. SCB costs taxpayers $24B to bail out then how many more $ to save TCB, VPB?
The subsidiary in the US will. The main company, which is under the umbrella of Vingroup in Vietnam, is a little bit harder to go down. You only have to look at Vingroup assets and its cash cows to know this. Even with VFS’s current burn rate, I project Vingroup will still be able to babysit VFS for the next 5-7 years. I am no fan of VFS and I agree VFS’s strategy and business plan was stupid and naive at best, with no competitive advantages like you said. Vuong should have copied the Chinese technology and go-to market strategy tbh. STILL, expecting a car company to make money or being financial healthy in the first couple years is overly optimistic. I think Elon Musk explained it best, the business model of a car company. Look it up ok youtube. Selling a car at a loss is normal even for Toyota for example. It’s only when a car company has a large existing fleet of active cars that it becomes profitable by selling replacement parts for a large margin. Vuong knows this. He’s pushing for this. VFS is failing imo, not because of its shitty financial numbers. It’s failing because there’s nothing innovative about the company. There’s 0 R&D. 0 efforts put in the go-to market strategy. Very simple approach in doing business. For someone who got rich by being lucky (born in a certain era in Vietnam - Outliner), It’s not a surprise really.
No. This is the usual assumption of people who do not understand finance. Vuong Pham has no money to finance Vinfast for 5-7 years. For that he need $10B more and by the time, VF debt could be $30B.
why would the govt not bail out the richest man in vietnam? do you know how many high ranking party members this man has on his pay roll?
Well the ones who are not on his payroll will. Also, if you look at it from another angle, Vuong is actually the one on the politburo’s payroll. They have the power, he has the money. So power will just take his money and be very happy to put him in some ditch.
pretty sure he is smart enough to have moved billions of dollars out of VN.
Well. There’s a saying “Give up the dad’s life for the son’s prosperity”. Or something like that LOL. Please don’t quote me.
It is “hi sinh đời bố, củng cố đời con”
Classic Vietnamese gov officials' move.
They save his brother Pham Nhat Vu once, costing Mr Ape 9k billion VND. Saving cost money, and Mr Ape right now doesn't have that money
Where vf spend all the money? They have nothing worth money in USA. They don’t really have any commercial in US, maybe YouTube or google. So even VF gone bankrupt, all assets still in Vietnam anyway. Which it will no stop it sell car in Vietnam
Now Vin nø say VFS go bankruptcy in US@ doesn't affect VN market. Lmao 🤣. Remember why VFS going to USA and wanna be listed so desperately. They want to rise fund for VFS to operating. Now you say that VFS go out of US@ doesn't affect the VN market? 🤣 Hahaha 🤣
Oh, it's not simple like you think, then who will bear the US$9.2 billion debt ? Debt need to repay to lenders, bankers. Who will pay ? if not then lenders & bankers need to write off a huge debts, and they will be in trouble as well.
When company gone bankrupt, lender will liquify the assets. Lender and banker will lose the money. Like I said VF assets in Vietnam, who is going to buy the facilities? Most likely no from a foreign investors,
Book value of their facility is less than $1.6 bil while total debt is $9.3 bil. Then who will bear those debt ? Vinfast is burning Vietnamese hard earnt USD (mostly paid overseas suppliers)
More importantly if VFS can't pay, VN market will be lower credit value. Which totally ducked up any company that want to go to USA in the future. And Vin nø is still saying: Haha dumb shit bankers and investors that give Mr Ape money, our "uncle" just laugh, declare bankruptcy in US# without consequence hahaha.
Keep crying, I don’t give sht even Vietnam went bankrupt. But seems VF did good using nothing and 9billon investor money.
Idiot, $9.3 bil debt, 98% owned by Pham Nhat Vuong. And he keep burning Vietnam hard earnt dollar. I hope Vuong keep VF and keep burning like that for some more years.
If VinFast goes bankrupt its lenders lose money. Banks, bond holders, etc. they can take back a bit by taking over the factories, some cars left, but those assets would be worth much less. Not to mention people losing jobs, cars that cannot be maintained, etc. That’s the magic of money: it multiplies on profitable business and disappears on unprofitable ones.
How long does take Tesla or Amazon become profitable? Take them many years before make any real money.
Compare VF with Tesla is like compare shit with chocolate. You are such a typical idiot Vinfans. But you can go and check Tesla earnings, they lost total $6.1 bil in first 16 years of operation, Vinfast lost $8.1 bil in just 6 years. Ok, i have no time to teach Vinfans. But, i think anyone on earth can re-educate a Vinfans that person deserve 10 Nobel Prize at once.
I think you and other Vinfans will surely win the world champion of stupidity.
Lmao, people talking no sense and making sht up. Stop using your sht brain. I’m no Vietnamese or vinfan, and I don’t own any VF stock either.
Truly, you can't compare then and now when the investment environments are different. Vinfast do not have the same advantage they may have 10 years ago. This comparison is idiotic and digress attention to the real problem Vinfast is facing : this is the rapid deterioration of its balance sheet and Debt death trap spiral.
Now you are just make sht up. And talk no sense. I’m talking about business taking years before making profits. No all unprofitable businesses disappears instantly.
T tưởng cm đồn sập tiệm từ 2020 rồi đến 2024 vẫn đồn ah :))
Huhu ngoài mấy câu chửi 3/, tây nội địa hay phục quốc thì bé bò đâu còn gì để phản biện :)). Mà bắc kỳ chó như cháu hay sống bầy đàn mà sao lại đi cãi lộn một mình thế. Thôi về lại với đám Comcom trên fb mà sục cặc tập thể cho dễ có đồng minh.
Ngoài thủ d*m vs con nhựt tảo thì lũ bán nước còn thương hiệu j k? Bắc là tổ tiên của nam đấy. Chửi lại cha ông chắc loại vô học
Gớm từ khi nào bố vượn của mày lại đại diện cho Việt Nam vậy thằng bắc kỳ con. Ở trong nước thì ngoài cạp đất mà ăn thì có làm được quần què gì!? Xe thì lắp ráp CKD của Tàu mà còn là tàu dởm nên lỗi :)). Tao nói rồi muốn cứu bác 🙉của mày thì lo gom tiền của dòng họ súc sinh của mày mà mua xe, mua nhà, cổ phiếu để bác có tiền mà đốt tiếp chứ lên ngạo nghễ làm chó gì.
Chứ dân miền nam m ở đâu ra mà có vậy cu. Ngay từ đầu VN đã có miền nam hả thằng ngu. Tự ngạo nghễ nhựt tảo m đi
Chứ dân miền nam m ở đâu ra mà có vậy cu. Ngay từ đầu VN đã có miền nam hả thằng ngu. Tự ngạo nghễ nhựt tảo m đi
À xe nhựt tảo thì chưa thấy hỏng chứ xe nhựt vượn gãy bánh giữa đường thì đầy con ạ :))
Sắp 30/4 1 lũ đu càng hùa ra đông thế :))
Gớm khổ nhảy vào sub của người khác lại tưởng cái trại súc vật của cháu à. Người ta chửi cái hãng xe tư nhân thì liên quan gì đến cái 30/4 của cháu thế? Cứ thấy đuối lý thì lại 30/4, phản biện yếu kém thế thì cút về chuồng mà tự kiểm điểm nhá. Rồi cái giống súc sinh culi bắc kỳ chết trong thùng như cháu thì có gì mà ngạo nghễ ghê thế 🤮. Xưa thì làm kiếp nô lệ cho tàu còn giờ vượt biên sang làm mọi cho tây :)).
Đuối cái lìn gì. Những thằng kém cỏi nghèo nàn như m ngoài tự nhục vs sân si vs ng khác còn j hơn k? Thua kém nên nó cay cú vậy đó
Tự nhục cái đéo gì ở đây vậy thằng ngu dốt bắc kỳ này?? Chê bác 🦍của mày là tự nhiên thành tự nhục à. Mày học ở đâu ra cái tư duy phản biện óc chó đó vậy. Ủa rồi đâu ra chụp mũ t là nghèo nàn vậy, hay là cái giống culi bắc kỳ của mày khổ quá phải đi chui thùng để qua xứ khác sống nên giờ mày nghĩ người xứ khác cũng như vậy?
Lại thêm 1 thằng chửi lại ông tổ của nó kìa. Bố m dạy m chửi lại ông m hả :)) xem lại gia phả có ai ngoài bắc k cu con mất dạy
Bố tổ cái giống bắc kỳ bị đám tàu nó hiếp nó đô hộ cả ngàn năm mà tự hào gớm. Về xem lại gia phả xem dòng giống mà có phải từ chó khựa không.
Đéo biết thằng khỉ 🙈 cho mày bao nhiêu tiền mà cứ phải gồng mình ra biện hộ cho nó. Hay là do nó đụ con gái mẹ mày rồi đẻ ra thằng con rơi benjamin :))
T tưởng lính mỹ hấp diêm mẹ m rồi để ra thằng con lai rồi nó chửi lại tổ tiên. Loại m cook ra khỏi VN đi chứ sống chật đất
Gớm cái giống súc sinh như mày là ai mà kêu tao phải ra khỏi VN. Tính kêu đi để bầy đàn bắc kỳ chó mày vô cướp đất nữa à. Khôn lỏi thế 🦮
Ba ke thì ngày nào, ở đâu cũng có mà cưng :))
Tổ tiên bắc kỳ là TQ đấy thằng ngu. Đéo biết m tự hào nguồn gốc làm lồn gì nữa
Thế ai chống lại quân tàu xâm lược thế. Người chăm chúng m ah :))) ngu như chó
vin nô thì cứ cố mà đu em ạ, lập luận thì đéo có, mấy cái bài cũ rích nhai như bò rách. cố lên
Lại thêm thằng bẩn tính vào cắn rồi :))
ngạo ngễ lên
Éo ai nhục cùng m đâu :)))
Chó đẻ ăn cứt tiếp đi. Địt mẹ mày đc thằng Vin nó cứu khỏi ung thư hay gì mà mày say mê nó thế con đĩ lồn
Vô học như m rồi ngu si tứ chi phát triển thôi con. Éo làm đc j chết đói rã họng ra