Part 2/9:
However, this astronomical valuation appears largely illusory. The reality is that 84% of VinFast's shares are controlled by its parent company, Vin Group, with another 14% owned by its founder and chairman, Fam Not Vong. This leaves less than 2% of shares available to the public—a scenario that produces extreme volatility in stock price. This can be likened to a person claiming their home is worth a billion dollars after selling a minuscule share for a hundred bucks; the valuation loses its substance without a broader market backing.