VinFast Achieves Impressive Revenue Growth in Q3 2025 with Strong Electric Vehicle Deliveries
VinFast Reports Growth in Q3 2025
VinFast Auto Ltd., a leading player in the electric vehicle (EV) sector and a subsidiary of Vingroup JSC, recently published its unaudited financial results for the third quarter of 2025. The Company has recorded phenomenal growth, with total revenues reaching USD 719 million, representing an impressive 47% year-over-year increase. This surge highlights VinFast's ongoing commitment to making electric mobility accessible to a broader audience.
Record Electric Vehicle Deliveries
In Q3 2025, VinFast delivered 38,195 electric vehicles, marking a staggering 74% growth compared to the same period in 2024 and a 7% increase over Q2 2025. With this achievement, the Company has cumulatively delivered 110,362 EVs within the first nine months of 2025, which is a 149% increase year-over-year.
Additionally, VinFast's e-scooter and e-bike segments witnessed an astonishing 535% year-over-year growth, delivering 120,052 units in Q3 2025. Over the same nine-month period, 234,536 e-scooters and e-bikes were sold, reflecting a robust 489% increase. These numbers not only underscore the rising demand for VinFast's products but also reflect the Company's strategic focus on green mobility solutions.
Strategic Market Leadership and Global Expansion
Madame Thuy Le, Chairwoman of VinFast, expressed pride in the unprecedented landmark achieved during the quarter, stating, “This quarter, VinFast became the first automobile brand to surpass 100,000 vehicles sold in Vietnam within the first three quarters of a single year.” This significant milestone confirms the Company's status as Vietnam's leading automotive manufacturer for 13 consecutive months and reflects its successful regional expansion strategy.
Notably, VinFast has secured a position among the top 8 for EV registrations in India and has entered the ranks of the top 5 battery electric vehicle (BEV) brands in Indonesia as of late 2025. As the Company diversifies its offerings, it plans to cater to distinct customer segments through three specialized brands:
1. VinFast: Targeting mid- to high-end consumers with smart, reliable, and affordable electric vehicles.
2. Green Series: Focused on commercial electric vehicle solutions aimed at enhancing fleet utilization.
3. Lac Hong: A luxury line designed for the ultra-luxury market, characterized by superior materials and craftsmanship.
Technological Advancements and Innovations
VinFast is not only expanding its delivery numbers but also investing significantly in technological advancements to improve the electric vehicle framework. The Company has re-engineered its electric-electronic (EE) architecture, transitioning to a zonal architecture model where core software is developed in-house. This transformation allows for efficient over-the-air updates and improved system stability.
VinFast is further enhancing its capabilities by pursuing a two-step approach towards Advanced Driver-Assistance Systems (ADAS) and autonomous driving, fostering strategic collaborations while bolstering its internal expertise.
Solid Financial Backing for Future Growth
VinFast has entered into a $100 million loan agreement with MUFG Bank, a moving piece in its strategy for international expansion. In addition, the firm has secured $150 million from Barclays Bank to support working capital needs and future investments. As of September 30, 2025, VinFast boasts a liquidity reserve of $3.7 billion, providing a stable foundation for the aggressive growth strategy.
With a robust order backlog positioning the Company for continued success, VinFast aims to at least double global vehicle deliveries in 2025. As they look to maintain their growth trajectory, strategic investments will remain a priority.
Leadership Changes
In a recent development, VinFast appointed Mr. Pham Nhat Quan Anh as a new member of its Board of Directors. Mr. Anh has a wealth of experience in operational management and has played a pivotal role in VinFast’s rapid ascent from local manufacturer to international contender.
With its impressive operational metrics and forward-thinking strategies, VinFast is on a clear path to becoming a multi-brand, full-line electric vehicle manufacturer, aiming to create a comprehensive mobility ecosystem. Exciting times are ahead for this automotive innovator as it continues to push boundaries in sustainable mobility solutions.
Topics Auto & Transportation）
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