VinFast posts revenue surge in 2025 but losses continue

VinFast has reported a sharp rise in revenue and vehicle deliveries in 2025, although it remained loss-making despite improved margins.

For full year, its revenue stood at VND90.42tn ($3.59bn), representing a 105.4% increase compared with 2024.

The company delivered 196,919 electric vehicles (EVs) globally, marking a 102% rise year-on-year (YoY) and exceeding its target of at least doubling 2024 deliveries of 97,399 units.

VinFast posted a full-year operating loss of VND71.60tn, widening from VND55.39tn a year earlier.

Net loss rose to VND97.24tn from VND77.35tn, including VND97.04tn attributable to the controlling interest.

In the fourth quarter, revenue reached VND39.41tn, increasing 138.9% YoY and 117.7% compared with the previous quarter.

The company posted an operating loss of VND29.04tn, widening from VND23.85tn a year earlier.

It also recorded a net loss of VND35.19tn, up from VND30.59tn, including VND35.10tn attributable to the controlling interest.

Vehicle deliveries in the quarter totalled 86,557 units, up 127% from the previous quarter and 63% YoY.

As of 31 December 2025, the company operated 424 showrooms worldwide.

During the year, VinFast expanded its product portfolio across three brands: VF for mid- to high-end EVs, Green for commercial offerings, and Lac Hong for ultra-luxury models.

New launches included the Limo Green for fleet operators and the VF MPV 7, introduced in January 2026.

Production of next-generation VF 6 and VF 7 models is scheduled to begin in the second half of 2026.

Manufacturing capacity increased with new facilities in Ha Tinh, Vietnam, Tamil Nadu, India, and Subang, Indonesia.

By the end of the year, VinFast operated four EV production sites with a combined annual capacity of around 600,000 units.

VinFast chairwoman Madame Thuy Le said: “2025 was another landmark year for VinFast – but more importantly, it was a year of disciplined investment behind our core mission: making electric mobility and sustainable journey accessible to everyone.”

In its outlook, the company said it expects to continue expanding production capacity for EVs and e-scooters in Vietnam, while assessing further development phases in India and Indonesia to position these locations as export hubs.

It also plans to resume construction of its North Carolina manufacturing facility in 2026, with a planned start of production in 2028.

"VinFast posts revenue surge in 2025 but losses continue" was originally created and published by Just Auto, a GlobalData owned brand.

 

The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.