VinFast posts revenue surge in 2025 but losses continue

VinFast has reported a crisp emergence successful gross and conveyance deliveries successful 2025, though it remained loss-making contempt improved margins.

For afloat year, its gross stood astatine VND90.42tn ($3.59bn), representing a 105.4% summation compared with 2024.

The institution delivered 196,919 electrical vehicles (EVs) globally, marking a 102% emergence year-on-year (YoY) and exceeding its people of astatine slightest doubling 2024 deliveries of 97,399 units.

VinFast posted a full-year operating nonaccomplishment of VND71.60tn, widening from VND55.39tn a twelvemonth earlier.

Net nonaccomplishment roseate to VND97.24tn from VND77.35tn, including VND97.04tn attributable to the controlling interest.

In the 4th quarter, gross reached VND39.41tn, expanding 138.9% YoY and 117.7% compared with the erstwhile quarter.

The institution posted an operating nonaccomplishment of VND29.04tn, widening from VND23.85tn a twelvemonth earlier.

It besides recorded a nett nonaccomplishment of VND35.19tn, up from VND30.59tn, including VND35.10tn attributable to the controlling interest.

Vehicle deliveries successful the 4th totalled 86,557 units, up 127% from the erstwhile 4th and 63% YoY.

As of 31 December 2025, the institution operated 424 showrooms worldwide.

During the year, VinFast expanded its merchandise portfolio crossed 3 brands: VF for mid- to high-end EVs, Green for commercialized offerings, and Lac Hong for ultra-luxury models.

New launches included the Limo Green for fleet operators and the VF MPV 7, introduced successful January 2026.

Production of next-generation VF 6 and VF 7 models is scheduled to statesman successful the 2nd fractional of 2026.

Manufacturing capableness accrued with caller facilities successful Ha Tinh, Vietnam, Tamil Nadu, India, and Subang, Indonesia.

By the extremity of the year, VinFast operated 4 EV accumulation sites with a combined yearly capableness of astir 600,000 units.

VinFast chairwoman Madame Thuy Le said: “2025 was different landmark twelvemonth for VinFast – but much importantly, it was a twelvemonth of disciplined concern down our halfway mission: making electrical mobility and sustainable travel accessible to everyone.”

In its outlook, the institution said it expects to proceed expanding accumulation capableness for EVs and e-scooters successful Vietnam, portion assessing further improvement phases successful India and Indonesia to presumption these locations arsenic export hubs.

It besides plans to resume operation of its North Carolina manufacturing installation successful 2026, with a planned commencement of accumulation successful 2028.

"VinFast posts gross surge successful 2025 but losses continue" was primitively created and published by Just Auto, a GlobalData owned brand.

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