VinFast's Global Journey: TIME Recognition Marks New Milestone for Vingroup
On a rainy Tuesday morning in Paris, a driver waiting at a red light on Boulevard Haussmann might not immediately recognize the brand of the SUV parked next to them. Thousands of kilometers away, a driver in California could have a similar moment when spotting that same brand on an American road. It’s neither German nor one of the well-known Asian names that have made a mark in established automotive markets. Instead, it belongs to VinFast, a Vietnamese automotive brand that is making waves in Europe and North America. Its global journey reflects a much larger narrative unfolding at its parent company, Vingroup.
As of September 11, 2026, Vingroup has achieved a significant milestone, ranking 340th in TIME's prestigious World's Best Companies list for 2026, compiled in collaboration with the analytics firm Statista. This places them among the top 350 corporations worldwide, marking an impressive leap of nearly 500 spots year-over-year. Furthermore, it is the only Vietnamese company that has made the list for two consecutive years.
The rating considers multiple factors, rather than solely focusing on company size. TIME and Statista evaluate firms based on three key dimensions: revenue growth, employee satisfaction, and sustainability transparency. Vingroup achieved an overall score of 81 out of 100, reflecting a remarkable ascent from 817th to 340th globally.
The financial indicators behind this scoring are significant. In the first half of 2026, Vingroup reported a consolidated net revenue of 222.9 trillion VND, which represents a 72% increase from the prior year. The net profit after tax reached 20.904 trillion VND, over four and a half times higher than the figures reported for the same period in 2025. This impressive growth has predominantly been propelled by the conglomerate's industrial production and real estate ventures, garnering Vingroup an 'outstanding' rating based on their revenue targets.
Employee satisfaction tells a similarly positive story. Vingroup climbed to 398th globally, an increase of 496 spots, within a workforce that has expanded to approximately 400,000 people across 12 countries. In terms of sustainability, the group's contributions are showcased through various forms of infrastructure, including green transition projects and urban development. Vinhomes, the real estate arm of the conglomerate, has emphasized sustainable practices through its ESG++ model, enhancing the conventional three pillars of environmental, social, and governance practices, which are applied across city developments spanning thousands of hectares.
New business sectors emerged in 2025, including infrastructure through VinSpeed's high-speed rail projects connecting Ho Chi Minh City with Can Gio and Hanoi with Quang Ninh, as well as green energy via VinEnergo's initiatives across several provinces. Together, these initiatives represent a commitment to constructing not only standalone businesses but also the connective tissue—railways, power, and mobility—that underpins a modern low-carbon economy.
Within this broader ecosystem, VinFast stands as one of the clearest embodiments of Vingroup's global ambitions. The company's expansion in Asia, North America, and Europe is bringing the conglomerate's vision for a greener future to an increasingly international audience while placing a Vietnamese automotive brand directly in the competitive arena of some of the world's most established markets.
For potential customers contemplating a new automobile brand, however, global ambition is merely the starting point. The critical question remains whether a newcomer can earn the trust necessary to integrate into daily life.
Research from the McKinsey Center for Future Mobility provides a helpful, albeit counterintuitive, perspective. McKinsey surveyed thousands of European car buyers and discovered that Europeans who are open to considering an Asian market player show a collective likelihood of 53% to switch brands when transitioning to electric vehicles—a figure that rises as high as 63% in the UK. Loyalty to brands, in other words, appears much more fluid in the electric vehicle era than it did during the combustion engine age.
This shift creates an opening for new electric vehicle brands. However, winning over customers requires more than just a competitive vehicle. It necessitates that electric mobility becomes accessible while simultaneously building the sales, service, and ownership infrastructure that provides reassurance to customers throughout their ownership journey.
With a broadening and increasingly accessible product portfolio, VinFast remains committed to its mission of making electric vehicles more available to everyone, enabling customers to transition to green mobility with greater ease and assurance. In Europe, the company is expanding its presence with products tailored to local priorities around efficiency, design, and accessibility, including the VF 6 and VF 8 models. Meanwhile, electric buses like the EB 8 and the fully European-certified EB 12 further contribute to the region's shift towards greener transportation.
Across North America, VinFast's vision is supported by the expansion of its sales and service network along with the development of its Certified Pre-Owned (CPO) program. Together, these initiatives are designed to build a more comprehensive ecosystem around the customer that extends beyond the vehicle itself to encompass the services and support that shape the ownership experience.
Vingroup was the first Vietnamese company to qualify for TIME's list of the World's Best Companies in 2025, while VinFast garnered recognition among TIME's 100 Most Influential Companies and Asia-Pacific’s Best Companies in 2025. These milestones reflect growing international recognition of Vingroup's and VinFast's ambitions, capabilities, and enhanced global reach.
Thus, TIME's recent recognition of Vingroup comes at a juncture when its global presence is becoming increasingly manifest. For VinFast, the challenges and opportunities now span multiple continents, from European cities where a new brand is gradually gaining recognition to North American roads where the company is building its presence and customer ecosystem.
As of September 11, 2026, Vingroup has achieved a significant milestone, ranking 340th in TIME's prestigious World's Best Companies list for 2026, compiled in collaboration with the analytics firm Statista. This places them among the top 350 corporations worldwide, marking an impressive leap of nearly 500 spots year-over-year. Furthermore, it is the only Vietnamese company that has made the list for two consecutive years.
The rating considers multiple factors, rather than solely focusing on company size. TIME and Statista evaluate firms based on three key dimensions: revenue growth, employee satisfaction, and sustainability transparency. Vingroup achieved an overall score of 81 out of 100, reflecting a remarkable ascent from 817th to 340th globally.
The financial indicators behind this scoring are significant. In the first half of 2026, Vingroup reported a consolidated net revenue of 222.9 trillion VND, which represents a 72% increase from the prior year. The net profit after tax reached 20.904 trillion VND, over four and a half times higher than the figures reported for the same period in 2025. This impressive growth has predominantly been propelled by the conglomerate's industrial production and real estate ventures, garnering Vingroup an 'outstanding' rating based on their revenue targets.
Employee satisfaction tells a similarly positive story. Vingroup climbed to 398th globally, an increase of 496 spots, within a workforce that has expanded to approximately 400,000 people across 12 countries. In terms of sustainability, the group's contributions are showcased through various forms of infrastructure, including green transition projects and urban development. Vinhomes, the real estate arm of the conglomerate, has emphasized sustainable practices through its ESG++ model, enhancing the conventional three pillars of environmental, social, and governance practices, which are applied across city developments spanning thousands of hectares.
New business sectors emerged in 2025, including infrastructure through VinSpeed's high-speed rail projects connecting Ho Chi Minh City with Can Gio and Hanoi with Quang Ninh, as well as green energy via VinEnergo's initiatives across several provinces. Together, these initiatives represent a commitment to constructing not only standalone businesses but also the connective tissue—railways, power, and mobility—that underpins a modern low-carbon economy.
Within this broader ecosystem, VinFast stands as one of the clearest embodiments of Vingroup's global ambitions. The company's expansion in Asia, North America, and Europe is bringing the conglomerate's vision for a greener future to an increasingly international audience while placing a Vietnamese automotive brand directly in the competitive arena of some of the world's most established markets.
For potential customers contemplating a new automobile brand, however, global ambition is merely the starting point. The critical question remains whether a newcomer can earn the trust necessary to integrate into daily life.
Research from the McKinsey Center for Future Mobility provides a helpful, albeit counterintuitive, perspective. McKinsey surveyed thousands of European car buyers and discovered that Europeans who are open to considering an Asian market player show a collective likelihood of 53% to switch brands when transitioning to electric vehicles—a figure that rises as high as 63% in the UK. Loyalty to brands, in other words, appears much more fluid in the electric vehicle era than it did during the combustion engine age.
This shift creates an opening for new electric vehicle brands. However, winning over customers requires more than just a competitive vehicle. It necessitates that electric mobility becomes accessible while simultaneously building the sales, service, and ownership infrastructure that provides reassurance to customers throughout their ownership journey.
With a broadening and increasingly accessible product portfolio, VinFast remains committed to its mission of making electric vehicles more available to everyone, enabling customers to transition to green mobility with greater ease and assurance. In Europe, the company is expanding its presence with products tailored to local priorities around efficiency, design, and accessibility, including the VF 6 and VF 8 models. Meanwhile, electric buses like the EB 8 and the fully European-certified EB 12 further contribute to the region's shift towards greener transportation.
Across North America, VinFast's vision is supported by the expansion of its sales and service network along with the development of its Certified Pre-Owned (CPO) program. Together, these initiatives are designed to build a more comprehensive ecosystem around the customer that extends beyond the vehicle itself to encompass the services and support that shape the ownership experience.
Vingroup was the first Vietnamese company to qualify for TIME's list of the World's Best Companies in 2025, while VinFast garnered recognition among TIME's 100 Most Influential Companies and Asia-Pacific’s Best Companies in 2025. These milestones reflect growing international recognition of Vingroup's and VinFast's ambitions, capabilities, and enhanced global reach.
Thus, TIME's recent recognition of Vingroup comes at a juncture when its global presence is becoming increasingly manifest. For VinFast, the challenges and opportunities now span multiple continents, from European cities where a new brand is gradually gaining recognition to North American roads where the company is building its presence and customer ecosystem.
Topics Auto & Transportation）
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