VinFast Auto (VFS) - Net Assets

Net assets on the balance sheet as of September 2024 : -HK$30.1 Billion

According to VinFast Auto's latest financial reports the company has -HK$30.1 Billion in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

VinFast Auto - Net assets on balance sheet (from 2021 to 2024)

Net assets by year

Year	Net assets	Change
2022-12-31	$-HK$12.14 Billion	-53.95%
2021-12-31	$-HK$26.36 Billion	-1370.04%
2020-12-31	$HK$2.07 B

What is the market capitalization of a company?

The market capitalization sometimes referred as Marketcap, is the value of a publicly listed company.
In most cases it can be easily calculated by multiplying the share price with the amount of outstanding shares.

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VinFast Auto (VFS) - Net assets