Vietnamese electric vehicle maker VinFast has highlighted a milestone year in 2025, marked by strong production growth, improving financial metrics, and expanding global presence.
The company delivered 196,919 electric vehicles in 2025, surpassing its guidance and more than doubling its 2024 performance. It also maintained its position as the leading original equipment manufacturer (OEM) in Vietnam for 16 consecutive months, capturing an estimated 36% market share.
VinFast’s manufacturing capabilities saw significant progress, with its Hai Phong facility producing its 200,000th EV in December 2025, including nearly 26,000 units in that month alone. International markets contributed 11% of total deliveries during the year, reflecting the company’s ongoing global expansion strategy.
In Q4 2025, international deliveries rose to 18%, while the company reported its strongest unit economics to date. Research and development expenses dropped to 7% of revenue, while selling, general and administrative costs declined to 25%, compared to 40% in the same period last year. The company also reported a 96% year-on-year improvement in net loss margin, indicating progress toward profitability.
Regionally, VinFast secured strong positions across emerging EV markets, ranking as the second-largest BEV brand in the Philippines, third in Indonesia, and fourth in India. The company also expanded its manufacturing footprint by inaugurating plants in India and Indonesia.
With total liquidity of $3.1 billion, supported by parent group Vingroup and other financial commitments, VinFast is focusing on scaling operations and improving efficiency through a vertically integrated, software-defined EV platform.
Looking ahead, the company has set an ambitious target of delivering at least 300,000 EVs in 2026, alongside a 2.5-fold increase in its electric two-wheeler volumes. It also plans to roll out a new vehicle platform and its EE 2.0 zonal electrical architecture in the second half of the year.
VinFast will continue expanding its dealer network across Asia, Europe, and the United States, while resuming construction of its manufacturing facility in North Carolina, signaling deeper entry into the American market.
The company is also strengthening its international partnerships, including initiatives in markets such as the UAE and the Democratic Republic of Congo, aimed at enhancing EV adoption and ownership experience.
As VinFast pushes forward with its global ambitions, the company is positioning itself as a key player in the transition toward sustainable mobility, backed by scale, technology innovation, and strategic market expansion.
