Overview
VinFast Auto Ltd. is a Vietnam-rooted electric-vehicle manufacturer that says it focuses exclusively on EVs, having phased out internal-combustion vehicle production in 2022. Its products include passenger cars, luxury vehicles, commercial vehicles tailored to transportation services, e-scooters and e-buses. The company describes its mission as “to drive the world to switch to all-electric mobility.” [1][2][3][4]
Vietnam is its principal market, alongside reported sales and operations in other parts of Asia, the Middle East, North America and Europe. VinFast reported 196,919 global EV deliveries in 2025, including 175,099 in Vietnam. For 2025, it reported revenue of VND 90,178.6 billion (USD 3,589.8 million) and 29,878 employees at year-end.[5][6][7] [1][2][3][4][5][6][6][7][4]
Products & services
VinFast’s electric-vehicle lineup includes the VF 3 mini EV, VF 5 A-segment SUV, VF 6 family-oriented B-segment SUV, VF 7 driver-focused C-segment SUV, and the larger VF 8 and three-row VF 9 SUVs. The company also offers the VF e34 C-segment electric SUV. Disclosed specifications include an 87.7-kWh battery in long-range North American versions of the VF 8; VinFast’s 2025 VF 3 brochure lists 30 kW maximum power and 10–70% fast charging in 36 minutes.[8][9][10][11][12][13][14][15]
For commercial and service-oriented use, the Green range includes the two-door, four-seat Minio Green, Herio Green A-SUV, Nerio Green C-SUV and seven-seat Limo Green MPV; the latter is equipped with LFP batteries. The EC Van is a mini electric van intended for short-distance goods transport. VinFast also produces four e-bus models for different route and capacity needs, as well as e-scooters spanning mainstream, premium and sport categories.[16][17][18][19][20][21][22] The company provides vehicle and battery warranties, with battery coverage of up to 10 years, and offers battery subscription or leasing in some markets. E-scooter customers in Vietnam can buy or lease batteries, including for use with V-Green battery-swapping cabinets; vehicle maintenance and service offerings vary by market.[23][22][24]
In 2025, vehicle sales accounted for 93.8% of total revenue and other revenue and services for 6.2%; the company does not report revenue by individual vehicle model. VF 5, VF 6 and Limo Green were identified as the main contributors to EV revenue in Vietnam. VinFast delivered 196,919 EVs globally in 2025, including 44,585 VF 3s and 43,913 VF 5s in Vietnam.[6][14][25][26][27] [8][9][10][11][12][13][14][15][16][17][18][19][20][21][22][23][24][6][25][26][27][15][24]
Geographic presence
VinFast’s production footprint spans Vietnam, India and Indonesia. Its factories include Hai Phong and Ha Tinh in Vietnam, Thoothukudi in India, and Subang in Indonesia; the North Carolina, U.S. plant was planned, with operations expected to begin in 2028.[28][29][30][31][32] Its reported sales and delivery markets include Vietnam, Indonesia, the Philippines, India, the Middle East, the U.S., Canada and Europe. In 2025, Vietnam accounted for 175,099 of 196,919 global EV deliveries, approximately 88.9%; the filing does not provide a country-level breakdown of the remaining deliveries.[5] As of December 31, 2025, the company reported 37 dealer showrooms in Indonesia, 30 in the Philippines and 35 in India, and deliveries in the UAE, Oman and Qatar.[33]
VinFast Auto Ltd.’s head office is in Singapore; its Vietnam operating subsidiary’s head office is in Hai Phong.[34] The company’s sustainability page identifies employees in Vietnam, the U.S., India, Indonesia and Canada, but does not give country-level workforce counts.[35] The FY2025 filing does not provide revenue by country or region, so geographic revenue shares are not available from the reported disclosures.[36][37] [28][29][30][31][32][5][33][34][35][36][37][35][37]
Business segments
VinFast Auto Ltd. reports three operating and reportable segments: **Car**, **E-scooter**, and **Ebus**. The Car segment covers designing, developing, manufacturing, and selling cars, as well as related battery leasing and car battery-charging services. E-scooter covers the corresponding activities for e-scooters, including related battery leasing and charging services. Ebus covers designing, developing, manufacturing, and selling electric buses.[36][3]
For FY2025, these segments contributed approximately **87.4%** (Car), **5.9%** (E-scooter), and **1.7%** (Ebus) of total revenue, respectively. The remaining approximately **5.0%** was reported as “All other,” mainly spare parts, after-sales services for automobiles and e-scooters, and leasing activities; it is not a separate reportable segment. Percentages are calculated from reported FY2025 segment revenue and total revenue.[38][39] [36][3][38][39]
Company history
VinFast was established in 2017 as Vingroup’s automotive venture, founded by Vingroup chairman Pham Nhat Vuong. It introduced the LUX A2.0 sedan and LUX SA2.0 SUV at the 2018 Paris Motor Show, and opened its Hai Phong automobile plant in 2019.[40][30][41]
The company began delivering its first electric model, the VF e34, in Vietnam in December 2021. In January 2022 it announced a shift to an all-electric strategy, and ended internal-combustion vehicle production that November, transferring some related production assets to Vingroup.[42][43]
VinFast completed its business combination with Black Spade Acquisition Co. on August 14, 2023, and began trading on Nasdaq the following day. In January 2024, founder Pham Nhat Vuong became CEO, succeeding Le Thi Thu Thuy.[44][45][46] [40][30][41][42][43][44][45][46][41][46]
Sources
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