Vinfast has delivered 197,000 cars for the year, up 102%. The company makes other forms of transport. The e-scooter and e-bike sales were 406,498 (+473%). For those who don't want or cannot afford a car, they have options.
As an aside, e-scooter and e-bike deliveries will have benefitted from the announced plan to ban petrol powered motorbikes in the Hanoi city center starting in mid-2026.
Vinfast had a net loss os $2.4 billion in Q1-Q3 2025, with Q3 being the worst. Dividing that figure by sales brings it to -$12,000 per unit.
It is backed by Vingroup, which gives Vinfast the ability to continue even in the loss making situation it currently sits in. Obviously it needs to remedy this as soon as possible. Expansion is expensive so the financial situation is not totally unexpected. Maybe they could slow that down.
Most sales are no doubt domestic although the company doesn't release any export data that I was able to find.
We do know that Vinfast has just recently opened a plant in India and others are planned.
The range kicks off with the VF 3 (photo above - tiny SUV) which starting reaching customers in the second half of 2024.
The VF 5 city car (photo left) came out in 2023. It was initially known as the VF e32.
The VF 6 also was released in 2024. It's a small crossover SUV being just over 4.2 metres in length or 167 inches.
The VF 7 (picture below) was another car released in early 2024. It's a compact crossover which in my eyes has a wagon look about it. The red car (second from top) is the VF 8 medium large crossover SUV and the first deliveries commenced in late 2022. Lastly, at the top of the page is the VF 9 large crossover SUV. Deliveries were from early 2022.
For H1 2025, Vinfast did release domestic model sales for three of its models, 23,083 VF3 units were delivered, 21,812 VF5 and 8,552 VF6. They were described as "Topping the best seller charts in H12025 in Vietnam." I presume that means the segments they were selling in.
Summary: As the Vietnamese market isn't large enough to support the brand, exports are essential. I would imagine the company would like that to progress more quickly than it is but reputations take time to be established.
Some customers have complained about quality issues although others seem happy with their purchase. The US was seen as an important market to enter but that could be problematic with recent tariffs potentially limiting that opportunity, as well as reliability concerns. Overall, it comes across to me as a company in too much of a hurry.
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