{"id":4860,"date":"2023-12-01T21:16:54","date_gmt":"2023-12-01T21:16:54","guid":{"rendered":"https:\/\/www.riskinasia.com\/?p=4860"},"modified":"2024-01-04T17:21:15","modified_gmt":"2024-01-04T17:21:15","slug":"can-vinfast-vingroup-ceo-pass-the-vc-7-winning-questions-test-like-elon-musk-tesla","status":"publish","type":"post","link":"https:\/\/www.riskinasia.com\/can-vinfast-vingroup-ceo-pass-the-vc-7-winning-questions-test-like-elon-musk-tesla\/","title":{"rendered":"Can Vinfast Vingroup CEO pass the VC 7 winning questions test like Elon Musk Tesla?"},"content":{"rendered":"\n
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The hottest question we receive those days about Vingroup CEO Mr Pham Nhat Vuong, is whether Vinfast EV IPO will be the next Elon Musk Tesla?<\/p>\n\n\n\n

For start-ups in tech Venture capitalists like Peter Thiel, Paypal co-founder with Elon Musk, here are the 7 questions testing entrepreneurs before investing in their new business.
Let\u2019s see how Vinfast EV, launched on the Nasdaq mid august 2023 rat out of 7?
As EV carmaking is definitely a tech business from dashboard software to optimize driving to battery duration and refill speed, it is legitimate to ask if a Mr Vuong, a Vietnamese real estate oligarch business 1.0 can make it to lead new EV carmaker 3.0 business to success from a cumulated US$<\/p>\n<\/div>\n\n\n\n

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ENGINEERING: Can you create breakthrough technology i\/o incremental improvements 10x.<\/h2>\n\n\n\n

NO as the company was started in 2017 from scratch building their 1st factory in Hai Phong in record timing of 2 years. <\/p>\n\n\n\n

2- TIMING: Is now the right time to start your particular business<\/h2>\n\n\n\n

NO as China slashes prices to get EU market share and Tesla also slashed their prices twice in the USA and now in the rest of the world.<\/p>\n\n\n\n

3- MONOPOLY: Are you starting with a big share of a small market?<\/h2>\n\n\n\n

NO as selling cars to GSM taxi (Green and Smart Mobility), a Vingroup CEO Pham Nhat Vuong subsidiary, does not count as sales for the SEC Securities and Exchange Commissions regulating the Nasdaq and protecting investors.<\/p>\n\n\n\n

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Despite Successful IPO for Vinfast, Created by Vietnam\u2019s Richest Man Pham Nhat Vuong, Risks Loom Large<\/a><\/blockquote>