VINFAST CONTINUES TO RECORD STRONG REVENUE GROWTH WORLDWIDE IN THE SECOND QUARTER

Strong revenue growth of up to 9.2 % YoY in 2024

In the second quarter of 2025, VinFast delivered a total of 35,837 electric cars, maintaining a stable number compared to the previous quarter and growing 172% compared to the same period in 2024.

In the first 6 months of 2025, the Company delivered a total of 72,167 electric cars globally, marking a growth of 223% over the same period last year.

The number of electric motorbikes and electric bicycles delivered in the second quarter was 69,580, up 55% over the previous quarter and up 432% over the same period in 2024.

In the first 6 months of 2025, the Company delivered 114,484 electric motorbikes and electric bicycles, an increase of 447% over the same period last year.

As of June 30, 2025, VinFast's network in all markets will reach a total of 394 stores.

In the second quarter of 2025, VinFast will achieve total revenue of VND 16,609.3 billion (USD 663.0 million), up 1.9% compared to the first quarter of 2025 and up 91.6% compared to the second quarter of 2024.

Gross loss recorded VND6,824.9 billion (USD272.4 million), net loss VND20.341.6 billion ( USD812.0 million ) in Q2/2025.

Gross profit margin was negative 41.1% in Q2/2025, an improvement from negative 62.7% in the same period in 2024. The improvement in gross profit margin shows that the Company is operating more efficiently thanks to revenue growth and cost optimization.

Strengthening Vietnam's leading position in green transformation

VinFast maintains its position as the leading automobile manufacturer in the domestic market and continues to lead the green transformation in Vietnam.

In the second quarter, VF 3 and VF 5 continued to be the Company's two best-selling models, accounting for 61% of total vehicle deliveries. The VF 6 model ranked third, contributing 12%. In the first half of 2025, three VinFast models, VF 3, VF 5 and VF 6, were in the top 5 best-selling car models in Vietnam.

Notably, by the end of the second quarter of 2025, the number of vehicles delivered to B2C customers accounted for more than 70% of the total number of vehicles delivered for 4 consecutive quarters, showing strong demand from the market.

The company continues to play an active role in the green transition in Vietnam, supporting the national target of increasing the proportion of electric cars to 30% and electric motorbikes to 22% of the total vehicle fleet by 2030. In the electric motorbike segment, VinFast is rapidly expanding its production capacity to meet the Vietnamese Government 's policies to promote the electrification of transport.

In June 2025, the Company inaugurated a factory in Ha Tinh . In the first phase, the factory has a maximum design capacity of 200,000 vehicles/year .

The presence of VinFast Ha Tinh factory will create momentum to attract partner businesses to build factories in the industrial park, forming a synchronous supply chain, aiming to increase the localization rate of electric cars in the coming years.

In the second quarter, the first VinFast model produced on the zonal E/E architecture platform (Limo Green) also completed the production phase and began delivery in August. The VF 6 and VF 7 models will be upgraded to this new platform in 2026.

Strong progress in Vietnam will become a solid foundation for VinFast to continue to expand rapidly in potential international markets.

Rapid expansion in international markets

VinFast is expanding its presence in key markets in Asia, leveraging a comprehensive electric vehicle ecosystem, and integrating with strategic partners such as pure electric taxi company GSM and global charging station developer V-Green.

In India, VinFast has signed cooperation agreements with dealers across the country. The first dealers will be located in key and potential electric vehicle markets. Each facility will include a showroom, service workshop and spare parts warehouse, aiming to provide a comprehensive experience for customers. The first two showrooms have been officially opened in Surat and Chennai.

To expand the ecosystem, VinFast also strengthens strategic cooperation with many important partners, including Global Assure for 24/7 rescue service, myTVS for call center and mobile repair services, RoadGrid for charging solutions and electric vehicle service network across India, and BatX Energies for sustainable high-voltage battery recycling and reuse solutions.

On July 15, VinFast officially started accepting deposits for the VF 6 and VF 7 models in India. These models are being assembled at VinFast’s new 160-hectare factory in Thoothukudi, Tamil Nadu, which was inaugurated on August 4. With a modern automated production line, the factory will focus on assembling the VF 6 and VF 7 in phase one, with a designed capacity of 50,000 vehicles per year. VinFast has also planned to build a separate complex to focus on local parts suppliers, serving its future expansion strategy.

The Indonesian market contributed about 5% of VinFast's global vehicle deliveries in the second quarter. The company has just launched the VF 7, its fifth model in the market after the VF 3, VF 5, VF e34 and VF 6. The car is expected to be delivered this year.

VinFast will also continue to cooperate to expand its dealer and service workshop network. The Subang assembly plant project remains on track to begin technical operation (SOP) by the end of 2025.

In the Philippines, VinFast's electric vehicle sales accounted for 25% of the country's electric vehicle market in the first half of 2025, according to official industry data.

In the US, following the strategy of converting from a direct-to-consumer (DTC) sales model to a sales model through a dealer channel, VinFast signed a cooperation agreement with Sunroad Automotive Group (San Diego), the first authorized dealer in California. The store opened on August 19.

Ms. Le Thi Thu Thuy, Chairwoman of VinFast's Board of Directors, shared: "VinFast continued to have an impressive growth quarter with a strong increase compared to the same period last year. This shows sustainable growth momentum, and emphasizes the green transformation trend taking place in the world, bringing us closer to the goal of doubling the number of vehicles delivered in 2025. Despite changes in macroeconomics and policies for the electric vehicle industry, we remain steadfast in our vision of leading the global green transformation trend, committed to bringing high-quality, accessible models that meet the needs of all customers. We maintain our 2025 target and are flexible in our approach to the market as the economic and legal context continues to change."

Ms. Nguyen Thi Lan Anh, Chief Financial Officer of VinFast, added: "We see great opportunities in key markets in Asia. Strengthening promotional activities is a necessary investment to build a strong brand in the long term. Our profits come from expanding scale and managing costs, this is an immutable principle. VinFast's business is at a turning point, we expect the advantage of scale to help promote stronger business performance in the future."

Business Outlook

By 2025, the Company aims to at least double global vehicle deliveries and will continue to closely monitor the ever-changing macroeconomic situation.

VinFast focuses on key markets Vietnam, Indonesia, Philippines, India, North America , Europe and the Middle East .

In addition to a diverse range of SUVs from compact cars to the E-SUV segment, the Company continues to evaluate the potential of developing other types of vehicles, in order to realize its mission of making electrified mobility more accessible to everyone.

The Company expects the electric motorbike segment to continue its growth momentum in the coming months, thanks to the Company's continuous efforts in supporting the electrification of two-wheeled vehicles in Vietnam.

This outlook reflects the Company's current view of the business and market conditions, and is subject to change based on actual conditions./.

Source: https://vinfastauto.com/vn_vi/vinfast-continues-to-record-strong-revenue-growth-on-the-whole-world-in-quarter-II