Business

VinFast reports strong growth in vehicle deliveries, revenue

In Q3/2025, the company delivered 38,195 electric cars globally, up 74% year-on-year and 7% quarter-on-quarter. Cumulative deliveries for the first nine months reached 110,362 units, a 149% increase compared to the same period last year.

VinFast posts robust growth in both vehicle deliveries and revenue. (Photo: VNA)
VinFast posts robust growth in both vehicle deliveries and revenue. (Photo: VNA)

Hanoi (VNA) – Vietnam’s electric vehicle maker VinFast posted significant growth in both vehicle deliveries and revenue in the third quarter of 2025, reinforcing its leading position in the domestic market and marking steady progress in international markets.

In Q3/2025, the company delivered 38,195 electric cars globally, up 74% year-on-year and 7% quarter-on-quarter. Cumulative deliveries for the first nine months reached 110,362 units, a 149% increase compared to the same period last year.

Electric motorbike and e-bike deliveries also surged, reaching 120,052 units in Q3, up 535% year-on-year and 73% quarter-on-quarter. For the first nine months, total deliveries amounted to 234,536 units, representing a 489% increase.

VinFast recorded revenue of more than 18.1 trillion VND (718.6 million USD) in Q3, up 46.8% year-on-year and 9% from the previous quarter. The growth was driven by market expansion strategies and strong demand for the company’s electric vehicle lineup.

The company has maintained its position as Vietnam’s top-selling automaker for 13 consecutive months. Internationally, VinFast entered the top eight EV brands in India for new registrations in October 2025 and ranked among the top five fully battery-electric vehicle brands in Indonesia for the first nine months of the year.

VinFast continues to invest heavily in technology, operating a multi-brand strategy with three main lines, including VinFast for the mid-to-high-end segment, Green Series for sustainable business and transport solutions, and Lac Hong for ultra-luxury vehicles using premium materials and artisanal craftsmanship.

In international markets, VinFast has expanded its network to 20 showrooms in India, 33 dealerships in Indonesia (holding around 5% BEV market share), and nine dealerships in the Philippines. The company opened its first dealership in California, the US, and is expanding through third-party partners.

In Europe, VinFast introduced two electric bus models at Busworld Europe 2025, while in the Middle East it signed a cooperation agreement with the Arab Automobile Association to provide emergency support services across six countries.

Financially, VinFast secured a 100 million USD loan from Japan’s MUFG Bank and a 150 million USD three-year loan from Barclays, bringing total liquidity to 3.7 billion USD as of September 30, 2025, supporting ongoing investment and expansion plans.

The company aims to double global vehicle deliveries in 2025 and maintain strong growth in electric two-wheelers, while implementing revenue growth initiatives and cost-optimisation measures to ensure sustainable operations./.

VNA
#VinFast #vehicle #EV #growth
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