VinFast's Global Journey: TIME Recognition Highlights a New Era for Vietnamese Automaker
On a drizzly Tuesday morning in Paris, a driver momentarily glances at an unfamiliar badge on an SUV idling next to them. This vehicle isn’t from Germany, nor does it hail from the familiar Asian automotive giants. Instead, it represents VinFast, a trailblazing automotive brand from Vietnam that is steadily carving its niche in the competitive markets of Europe and North America. VinFast’s journey is not just a tale of a single brand but a reflection of a larger narrative unfolding within its parent company, Vingroup.
On September 10, 2026, Vingroup reached a significant milestone by being recognized as the 340th company on TIME's World's Best Companies list for 2026, a ranking compiled in collaboration with Statista. This remarkable ascent marks a leap of nearly 500 places from the previous year, making Vingroup the only Vietnamese company to achieve a spot on this prestigious list for two consecutive years.
TIME and Statista's evaluation criteria encompass more than mere financial performance; they consider revenue growth, employee satisfaction, and transparency in sustainability practices. Vingroup's remarkable score of 81 out of 100 reflects a stellar trajectory, moving from 817th to 340th on a global scale.
The revenue figures that support this score are nothing short of impressive. For the first half of 2026, Vingroup announced a consolidated net revenue of VND 222.9 trillion—a 72% increase year-on-year—while net profit after tax soared to VND 20.904 trillion, marking a staggering increase compared to the same period in 2025. Such a strong performance has been primarily fueled by the Group's ventures in industrial manufacturing and real estate, earning Vingroup a commendable 'Outstanding' rating in terms of revenue metrics.
Vingroup's strides in employee satisfaction are equally noteworthy. The company jumped to 398th globally in workforce rankings, a climb of 496 places, and now employs around 400,000 individuals across twelve countries.
Vingroup's dedication to sustainability is evident in its forward-thinking projects aimed at urban development and green transition initiatives. The Group’s real estate division, Vinhomes, has embraced an ESG++ model, which incorporates additional pillars of Regeneration and Resilience to the traditional Environmental, Social, and Governance framework. This innovative mindset is applied to urban developments encompassing vast areas.
Adding layers to its business portfolio, Vingroup diversified in 2025 with two new ventures: high-speed rail projects through VinSpeed and green energy solutions under VinEnergo. These ventures are not only about establishing standalone companies but also about creating the essential infrastructure—railways, energy systems, and mobility solutions—that a modern low-carbon economy requires.
In the midst of this broader vision, VinFast emerges as one of the most tangible expressions of Vingroup's global ambitions. This Vietnamese automotive company’s expansion across Asia, North America, and Europe signifies a commitment to promoting a greener future while simultaneously positioning itself in competitive global markets.
However, as with any new automotive brand, the challenge lies in earning customer trust. Research from the McKinsey Center for Future Mobility reveals an intriguing insight: among European car buyers open to considering Asian brands, there exists a 53% likelihood of switching to a new brand when transitioning to electric vehicles (EVs), with this figure peaking at 63% in the UK. This indicates a more fluid brand loyalty landscape in the EV era compared to traditional combustion engine vehicles.
This transition creates avenues for new entrants like VinFast to capture market share. However, to thrive, it’s imperative to ensure that electric mobility is accessible. This includes developing the necessary sales and service infrastructure that builds confidence throughout the customer ownership experience.
VinFast's commitment to making electric vehicles more accessible remains steadfast, supported by an increasingly diverse product lineup designed for local preferences in Europe, such as the VF 6 and VF 8, and models like the EB 8 and EB 12 electric buses targeting low-carbon transportation.
Further, in North America, VinFast is enhancing its presence with a robust expansion of its sales and service networks and launching its Certified Pre-Owned (CPO) program, creating an encompassing ecosystem that extends beyond just the vehicle to the services shaping the ownership journey.
VinFast is gaining international acclaim, being named among TIME100 Most Influential Companies and recognized as one of Asia-Pacific’s Best Companies. These achievements reflect an increasing acknowledgment of Vingroup and VinFast’s aspirations, capabilities, and expanding international footprint.
With this latest recognition from TIME, VinFast is at an exhilarating juncture where its global ambitions are becoming more apparent. The company now faces an exciting challenge that spans various continents—from European cities where its vehicles are becoming more common to North American roads where it continues to cultivate its market presence and enhance its customer ecosystem.
VinFast (NASDAQ: VFS) is a subsidiary of Vingroup JSC, Vietnam's leading conglomerate. Specializing in electric vehicles, VinFast's mission focuses on making EVs accessible to all. Its product range includes electric cars, scooters, bikes, and buses. The company is gearing up for significant growth by expanding its distribution channels and manufacturing capabilities worldwide. For more information, visit VinFast.
On September 10, 2026, Vingroup reached a significant milestone by being recognized as the 340th company on TIME's World's Best Companies list for 2026, a ranking compiled in collaboration with Statista. This remarkable ascent marks a leap of nearly 500 places from the previous year, making Vingroup the only Vietnamese company to achieve a spot on this prestigious list for two consecutive years.
A Ranking Beyond Numbers
TIME and Statista's evaluation criteria encompass more than mere financial performance; they consider revenue growth, employee satisfaction, and transparency in sustainability practices. Vingroup's remarkable score of 81 out of 100 reflects a stellar trajectory, moving from 817th to 340th on a global scale.
The revenue figures that support this score are nothing short of impressive. For the first half of 2026, Vingroup announced a consolidated net revenue of VND 222.9 trillion—a 72% increase year-on-year—while net profit after tax soared to VND 20.904 trillion, marking a staggering increase compared to the same period in 2025. Such a strong performance has been primarily fueled by the Group's ventures in industrial manufacturing and real estate, earning Vingroup a commendable 'Outstanding' rating in terms of revenue metrics.
Vingroup's strides in employee satisfaction are equally noteworthy. The company jumped to 398th globally in workforce rankings, a climb of 496 places, and now employs around 400,000 individuals across twelve countries.
Vingroup's dedication to sustainability is evident in its forward-thinking projects aimed at urban development and green transition initiatives. The Group’s real estate division, Vinhomes, has embraced an ESG++ model, which incorporates additional pillars of Regeneration and Resilience to the traditional Environmental, Social, and Governance framework. This innovative mindset is applied to urban developments encompassing vast areas.
Adding layers to its business portfolio, Vingroup diversified in 2025 with two new ventures: high-speed rail projects through VinSpeed and green energy solutions under VinEnergo. These ventures are not only about establishing standalone companies but also about creating the essential infrastructure—railways, energy systems, and mobility solutions—that a modern low-carbon economy requires.
Making Electric Mobility Accessible
In the midst of this broader vision, VinFast emerges as one of the most tangible expressions of Vingroup's global ambitions. This Vietnamese automotive company’s expansion across Asia, North America, and Europe signifies a commitment to promoting a greener future while simultaneously positioning itself in competitive global markets.
However, as with any new automotive brand, the challenge lies in earning customer trust. Research from the McKinsey Center for Future Mobility reveals an intriguing insight: among European car buyers open to considering Asian brands, there exists a 53% likelihood of switching to a new brand when transitioning to electric vehicles (EVs), with this figure peaking at 63% in the UK. This indicates a more fluid brand loyalty landscape in the EV era compared to traditional combustion engine vehicles.
This transition creates avenues for new entrants like VinFast to capture market share. However, to thrive, it’s imperative to ensure that electric mobility is accessible. This includes developing the necessary sales and service infrastructure that builds confidence throughout the customer ownership experience.
VinFast's commitment to making electric vehicles more accessible remains steadfast, supported by an increasingly diverse product lineup designed for local preferences in Europe, such as the VF 6 and VF 8, and models like the EB 8 and EB 12 electric buses targeting low-carbon transportation.
Further, in North America, VinFast is enhancing its presence with a robust expansion of its sales and service networks and launching its Certified Pre-Owned (CPO) program, creating an encompassing ecosystem that extends beyond just the vehicle to the services shaping the ownership journey.
VinFast is gaining international acclaim, being named among TIME100 Most Influential Companies and recognized as one of Asia-Pacific’s Best Companies. These achievements reflect an increasing acknowledgment of Vingroup and VinFast’s aspirations, capabilities, and expanding international footprint.
With this latest recognition from TIME, VinFast is at an exhilarating juncture where its global ambitions are becoming more apparent. The company now faces an exciting challenge that spans various continents—from European cities where its vehicles are becoming more common to North American roads where it continues to cultivate its market presence and enhance its customer ecosystem.
About VinFast
VinFast (NASDAQ: VFS) is a subsidiary of Vingroup JSC, Vietnam's leading conglomerate. Specializing in electric vehicles, VinFast's mission focuses on making EVs accessible to all. Its product range includes electric cars, scooters, bikes, and buses. The company is gearing up for significant growth by expanding its distribution channels and manufacturing capabilities worldwide. For more information, visit VinFast.
Topics Consumer Technology）
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