Why VinFast Auto Stock Motored Higher Today

The company's global ambitions are becoming ever more apparent.It was quite a memorable Monday in the short history of electric vehicle (EV) maker VinFast (VFS +5.15%). The company formally opened its first factory in Southeast Asia outside of its native Vietnam, and investors cheered the expansion. They collectively traded the company's U.S.-listed shares up by more than 5% on a generally gloomy day for the stock market. Indonesian expansionVinFast cut the ribbon on that new facility, located in Subang, In ...