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PR Newswire·

VinFast Reports Preliminary and Unaudited Fourth Quarter and Full Year 2025 Financial Results

  • VinFast Auto Ltd. reported preliminary Q4 2025 EV deliveries of 86,557 units, marking a 127% quarter-over-quarter increase & a 63% year-over-year increase.
  • Commercial models under the Green brand & the EC Van accounted for approximately 49% of Q4 2025 total EV deliveries.
  • International markets contributed approximately 18% of total vehicle deliveries in Q4 2025 for the first time.
  • Full-year 2025 global EV deliveries reached 196,919 units, a 102% year-over-year increase that exceeded management guidance & set a new annual record.
  • Q4 2025 e-scooter & e-bike deliveries totaled 171,962 units, representing a 43% quarter-over-quarter increase & a 452% year-over-year increase.
  • Full-year 2025 e-scooter & e-bike deliveries reached 406,498 units, a 473% increase year-over-year.
  • Total revenue for Q4 2025 was VND 39,411.7 billion (US$1,568.9 million), a 138.9% increase from Q4 2024 & a 117.7% increase from Q3 2025.
  • Full-year 2025 revenue reached VND 90,427.6 billion (US$3,599.7 million), a 105.4% increase year-over-year.
  • Gross margin improved to negative 39.9% in Q4 2025 from negative 79.1% in Q4 2024 & negative 56.2% in Q3 2025; full-year 2025 gross margin was negative 42.5% compared to negative 57.4% in 2024.
  • VinFast operates 424 showrooms globally as of December 31, 2025.
  • The company expanded its portfolio across three brands: VF (mid- to high-end), Green (commercial), & Lac Hong (ultra-luxury), with new Lac Hong 800S & 900S models unveiled in March 2026.
  • VinFast achieved top-5 BEV market positions in key Asian markets, including 36% market share in Vietnam, No.4 in India, No.3 in Indonesia, & No.2 in the Philippines.
  • Manufacturing capacity expanded to four global facilities with a combined annual capacity of approximately 600,000 EVs, including new plants in India & Indonesia.
  • VinFast collaborates with VinRobotics to integrate AI & robotics for smart manufacturing & cost optimization.
  • The company is advancing ADAS technology from Level 2+ toward Level 4, with a collaboration with Tensor for L4 autonomous robocar commercialization.
  • VinFast announced a Q4 2025 earnings conference call scheduled for March 16, 2025, at 8:00 AM U.S. Eastern Time.