Why VinFast Auto Stock Zoomed Nearly 12% Higher on Tuesday

Core Insights - VinFast's electric vehicles are experiencing significant demand, leading to a notable increase in share price following the announcement of delivery figures [1] - The company reported a total of 21,912 EV deliveries in Q3, reflecting a year-over-year growth of 116% and a quarter-over-quarter increase of 66% [2] - VinFast achieved a milestone by becoming the top-performing EV maker in Vietnam, surpassing all international competitors in September with over 9,300 vehicle deliveries [2] Delivery Performance - The total EV deliveries for VinFast in Q3 reached 21,912 units, marking a substantial year-over-year growth of 116% [2] - The quarter-over-quarter improvement was recorded at 66%, indicating strong momentum in the company's sales [2] - In September alone, VinFast delivered more than 9,300 vehicles in Vietnam, achieving the No. 1 position among EV makers [2] Market Reaction - Following the delivery announcement, VinFast's stock price surged nearly 12%, outperforming the S&P 500 index, which remained relatively flat [1] - The positive market response suggests renewed investor interest in VinFast after a period of cooling due to previous financial losses [3] - The upcoming financial results announcement on November 6 is anticipated to further influence investor sentiment [2]