#Singapore #electric vehicles #VinFast #EV Expansion

VinFast's Impressive 2025 Year-End Financial Results

VinFast Auto Ltd., recognized as a leading manufacturer of electric vehicles (EVs), reported substantial financial achievements for the fourth quarter and full year of 2025. The company's commitment to increasing accessibility to electric mobility has positioned it considerably in the competitive automotive market.

In the fourth quarter of 2025, VinFast managed to deliver a remarkable 86,557 EVs, marking an astounding 127% increase from the previous quarter and a 63% increase year-over-year. Notably, the company’s commercial models under the Green brand and the EC Van model accounted for approximately 49% of total deliveries. Significantly, international markets began to make a noteworthy contribution, comprising about 18% of total vehicle deliveries during this quarter.

For the entire year, VinFast's overall deliveries reached 196,919 EVs, reflecting a 102% uplift compared to 2024. This exceeded management’s guidance and illustrated the company's remarkable growth trajectory since its inception. Additionally, the fourth quarter saw the delivery of 171,962 e-scooters and e-bikes, which translates to a 43% increase quarter-over-quarter and a staggering 452% year-over-year rise. In total, 406,498 e-scooters and e-bikes were delivered during the entire year, marking a 473% year-over-year increase.

Robust Revenue Growth

The financial results for VinFast highlighted a robust revenue stream, showcasing a total of VND 39,411.7 billion (approximately US$1.57 billion) in the fourth quarter—a dramatic increase of 138.9% from the same quarter of the previous year. The total revenue for 2025 amounted to VND 90,427.6 billion (approximately US$3.6 billion), an impressive 105.4% increase compared to 2024.

Despite reporting a gross margin of negative 39.9% in the fourth quarter, there was a notable improvement over the same period in 2024 which was negative 79.1%. This improvement signals a shift toward more efficient operations and an optimized cost structure as VinFast scales its production.

CEO Insights and Future Outlook

Madame Thuy Le, the Chairwoman of VinFast, articulated her optimism regarding the company’s trajectory, stating, “2025 was another landmark year for VinFast. Our strategic investments were the backbone of our mission to make electric mobility accessible to everyone.” The company plans to further scale operations and optimize costs, emphasizing its commitment to increasing production capabilities globally. VinFast is also focused on integrating advanced technology and artificial intelligence into its manufacturing processes, a move that aims to lower the total cost of ownership for customers.

Product Expansion and Market Penetration

VinFast's product line expanded strategically throughout 2025 under three distinct brands, targeting a variety of market segments. The VF series targets mid- to high-end consumers with models that range from the VF 3 to VF 9, emphasizing durability and advanced technology. The Green brand caters to commercial applications, focusing on fleet optimization, while the Lac Hong brand symbolizes luxury and fine craftsmanship, showcasing the introduction of models like the Lac Hong 900LX.

The company marked notable achievements in market engagement, with an estimated 36% share of the Vietnamese automotive market as of the end of 2025. In addition to Vietnam, VinFast is gaining traction in other key Asian markets, such as India and Indonesia, reflecting its diverse product lineup and extensive dealer network.

Manufacturing Expansion and Technological Innovation

Manufacturing capabilities have improved considerably as VinFast celebrated its 200,000th EV produced in December 2025. This milestone was complemented by the establishment of additional manufacturing plants in India and Indonesia, essential in supporting the ambitious goal of producing 600,000 EVs annually.

VinFast remains committed to advancing its technological capabilities, focusing on the development of advanced driver assistance systems (ADAS). Plans are on track to trial robocar technologies in major urban areas, signaling VinFast’s ambition to lead in autonomous vehicle innovation.

In conclusion, VinFast's remarkable growth in 2025, coupled with strategic investments and an aggressive market strategy, positions it favorably in the rapidly evolving electric vehicle landscape. The company not only achieved significant sales and revenue goals but also set the foundation for future expansion and technological leadership within the industry.