If you want to buy shares in the Vietnamese electric car market you can do so via their US listing on the NASDAQ, so you’ll need an FCA-regulated stock broker that provides access to US stocks. You can use our comparison of UK-based share dealing platforms that offer access to international markets and see what they charge for buying and selling US stocks, plus what the foreign exchange conversion costs are for converting GBP into USD.
- Open an account with a share dealing platform that lets you invest in US stocks
- Decide how much you want to buy and deposit fund your account
- As VinFast is a US stock and traded in USD you need to convert your funds to USD. You can either do this before trading or the share dealing platform will do it automatically for you.
- In your share dealing platform type in VinFast’s NASDAQ stock symbol (NFLX) and click “buy”. You can be given the option to buy at the currency price (market order) or set a maximum price at which you want to buy at (limit order).
Less than 10% of shares in VinFast are available to buy and sell on the NASDAQ stock exchange. This means that even relativly small orders can move the price significantly doe to a lack of liquidity.
⚠️What to watch out for! FX Vietnamese đồng
When you buy US stocks a hidden cost is often the exchange rate a share dealing platform charge for converting GBP into USD. You can compare these in our US share dealing platform comparison table. You also have to factor in that VinFast is a Vietnamese company so the Vietnamese đồng exchange rate will have an impact on the price too.
- Interactive Brokers offers the cheapest FX rates for buying VinFast shares
- Hargreaves Lansdown provides an excellent service if VinFast is only going to be a small part of your portfolio.
- Dodl offers a very low account, dealing and fx cost for new and small investors.
- IG offers free US share dealing if you trade a certain amount each month.