VinFast Q2 EV Deliveries Surge, Valuation Risk Lingers for Investors
VinFast Auto reported 70,085 electric-vehicle deliveries in Q2 2026, up 96% year over year, putting scale in focus. Despite the delivery rebound, 3-year total shareholder return fell 77.40%, and the valuation debate remains mixed: an estimated fair value of $6.05 versus a $3.35 price, while the P/S ratio of 2.1x exceeds peers and a stated fair level.