Vietnamese electric vehicle Maker Vinfast is set to begin trading on the Nasdaq on Tuesday following its merger with Black Spade Acquisition, a special purpose acquisition company. The deal values VinFast at approximately $23 billion and will allow the company to access capital markets in the future. VinFast, a subsidiary of Vietnamese conglomerate Vingroup, aims to offer premium quality products at affordable prices with excellent after-sales service. The company is expanding in the US market, competing with Tesla and other automakers, and its 5-seater VF 8 starts from $46,000, slightly cheaper than Tesla's Model Y.

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