VinFast Stock (VFS) Surge Puts Its Market Cap Above $200 Billion

VinFast’s VF8 electric vehicles bound for shipment at a port in Haiphong, Vietnam.

Unprofitable Vietnamese electric-vehicle maker VinFast Auto Pte Ltd. is now worth more than the likes of Goldman Sachs Group Inc. and Boeing Co.

VinFast shares closed up 20% at $82.35 Monday, marking a blistering 688% since its market debut Aug. 15. It is currently worth about $190 billion, compared to valuations of $111 billion for Goldman and $137 billion for Boeing. That leaves it bigger than half of the companies in the Dow Jones Industrial Average — and about 10 times the size of Walgreens Boots Alliance Inc.