VinFast Auto Ltd., the Vietnam-based pure-play electric vehicle (EV) manufacturer, announced its unaudited financial results for the third quarter of 2025, reporting robust growth across global markets driven by strong EV sales, rapid two-wheeler electrification, and expanding international operations.
The company posted revenues of US$718.6 million (VND 18,100.2 billion) in Q3 2025, marking a 46.8% year-over-year increase and a 9% rise over Q2 2025. VinFast’s growing portfolio of EVs, e-scooters, and e-bikes contributed significantly to the company’s top-line performance.
EV & Two-Wheeler Sales Reach New Milestones
VinFast delivered 38,195 electric vehicles in Q3 2025, up 74% year-over-year, bringing total deliveries for the first nine months of 2025 to 110,362 units, a 149% jump from the same period last year.
The company’s two-wheeler segment achieved record numbers as well, with 120,052 e-scooters and e-bikes delivered in Q3—an astonishing 535% year-over-year increase. Cumulative deliveries for the first nine months reached 234,536 units, driven by strong electrification momentum in Vietnam.
Chairwoman Madame Thuy Le highlighted VinFast’s market dominance, stating: VinFast became the first automobile brand to surpass 100,000 vehicles sold in Vietnam within the first three quarters of a year. Our leadership at home and rising rankings in India and Indonesia reflect the strength of our brand and regional strategy.
Technology Investments to Strengthen Global Competitiveness
VinFast announced a strategic multi-brand structure to serve diverse customer needs:
- VinFast: Mid- to high-end smart EVs focused on safety, technology, and affordability
- Green Series: Electric solutions for commercial fleets
- Lac Hong: Ultra-luxury EVs showcasing Vietnamese craftsmanship
The company is also advancing its next-generation vehicle platform, zonal EE architecture, and a two-step roadmap for ADAS and autonomous driving. Core software is now developed in-house, enabling faster OTA updates and improved system stability.
CFO Lan Anh Nguyen reaffirmed the company’s strong operational momentum, noting a “robust order backlog” heading into Q4.
International Expansion Gains Traction
VinFast continued expanding its global footprint with notable progress across key markets:
India
- 20 dealer stores operational by September 2025
- Financing partnerships with SBI, HDFC, Axis Bank, ICICI and others
- Ranked Top 8 in EV registrations for October 2025
Indonesia
- Expanded dealer network to 33
- Captured ~5% BEV market share
- Ranked among the Top 5 BEV brands year-to-date
Philippines
- Dealer network grew to nine showrooms
United States
- Opened first VinFast dealership in California
Europe
- Debuted EB 8 and EB 12 electric buses at Busworld Europe 2025
- EB 12 certified for UNECE and CE standards, now open for orders
Middle East
- Partnered with Arabian Automobile Association for regional roadside assistance across six countries, including UAE and Saudi Arabia
Financial Strength and Business Outlook
VinFast secured US$250 million in new financing in Q3:
- US$100 million facility from MUFG Bank
- US$150 million loan from Barclays Bank
Available liquidity stood at US$3.7 billion as of September 30, 2025.
The company aims to double global EV deliveries in 2025, backed by strong demand and government incentives for two-wheeler electrification in Vietnam.
Board Appointment
VinFast appointed Mr. Pham Nhat Quan Anh to its Board of Directors effective November 20. Anh has held several leadership roles within VinFast since 2019 and brings extensive experience from both automotive and hospitality sectors.
