VFSWW · VinFast Auto Ltd.

Summary

VinFast Auto Ltd. announced preliminary and unaudited financial results for the fourth quarter ended December 31, 2025, with total revenues of VND39,411.7 billion (US$1,568.9 million), vehicle sales of VND37,915.4 billion (US$1,509.3 million), and EV deliveries of 86,557 units. Full year 2025 total revenues were VND90,427.6 billion (US$3,599.7 million) with 196,919 EVs delivered globally, exceeding 2025 delivery guidance.

Key takeaways

• Q4 2025 EV deliveries: 86,557 units (127% QoQ increase from 38,195 units, 63% YoY increase from 53,139 units)
• Q4 2025 total revenues: VND39,411.7 billion (US$1,568.9 million) (117.7% QoQ increase, 138.9% YoY increase)
• FY 2025 EV deliveries: 196,919 units (102% YoY increase, exceeded guidance of at least doubling FY 2024 deliveries)
• FY 2025 total revenues: VND90,427.6 billion (US$3,599.7 million) (105.4% YoY increase)
• Total available liquidity as of December 31, 2025: up to VND78,299.8 billion (US$3.1 billion)
• Overseas markets outside Vietnam: 18% of Q4 2025 total EV deliveries