If you feel that the world doesn't need another electric vehicle (EV) maker, you're certainly not alone in that sentiment. Yet, the world is a big place, and there may be room for Vietnam-headquartered EV manufacturer VinFast Auto (NASDAQ: VFS) to grow over the next decade.

Granted, no crystal ball can tell investors whether VinFast's market cap will expand through 2034, or whether the company will even exist by then. Yet, if you have a speculative side to your personality and can forgive certain fiscal faults, VinFast stock might earn a small position in your long-term portfolio.

In an increasingly crowded global EV market, new start-ups must stand out to survive. At least, that seems to be the core concept behind VinFast's recent vehicle-model releases.

Continue reading

Source Fool.com