➀ VinFast, a Vietnamese car company, saw its market cap soar to $200 billion in 2023, making it the third-largest automaker globally. However, within a year, its value plummeted by 95%.; ➁ The article compares the rise of East Asian economies and their global impact through major corporations like Sony, Toyota, Samsung, and Huawei.; ➂ It questions why Vietnam, despite following the 'East Asian model', has not produced globally recognized brands like its neighbors Japan, South Korea, and Taiwan.