Following the market debut, VinFast is now currently worth $85 billion, according to CNBC calculations. The SPAC merger previously valued VinFast at approximately $23 billion, according to a June filing with U.S. securities regulator.
Meanwhile, BMW and Volkswagen are both worth around $69 billion, according to Refinitiv data, with Ford at $48 billion and GM at $46 billion.
By market capitalization, Tesla is still the world's largest automaker at $739 billion and Chinese rival BYD is fourth place with a $93 billion valuation.