The World Is Taking Notice: TIME Recognition Fuels VinFast's Global Journey

TIME’s 2026 ranking and rapid revenue and profit growth underscore Vingroup’s expanding global and sustainability-focused ecosystem, including VinFast’s EV push.

Rhea-AI Summary

Vingroup, parent of VinFast (VFS), has been ranked 340th in TIME's World's Best Companies 2026, a rise of nearly 500 places from the prior year, and remains the only Vietnamese company on the list for two consecutive years.

The ranking, based on revenue growth, employee satisfaction and sustainability transparency, follows strong financial performance: in the first half of 2026, consolidated net revenue reached VND 222.9 trillion, up 72% year on year, while profit after tax was VND 20.904 trillion, more than 4.5 times the same period of 2025. Vingroup reports a workforce of about 400,000 people across 12 countries and highlights sustainability initiatives in real estate, rail infrastructure and green energy. VinFast continues expanding its EV offerings and sales and service networks across Europe and North America.

Positive

• TIME World's Best Companies 2026 rank 340th, up nearly 500 places year on year
• H1 2026 consolidated net revenue VND 222.9 trillion, up 72% year on year
• H1 2026 profit after tax VND 20.904 trillion, more than 4.5x H1 2025
• Employee satisfaction ranking 398th globally, up 496 places
• Workforce scale roughly 400,000 employees across 12 countries

Negative

• None.

Market Context

VFS's prior close was $3.06 after a 1.29% decline; the article reported Vingroup recognition and par...

Analysis

VFS's prior close was $3.06 after a 1.29% decline; the article reported Vingroup recognition and parent-level financial figures, not a new VinFast operating result.

Key Figures

TIME global ranking: 340th Overall score: 81 out of 100 Net revenue: VND 222.9 trillion +3 more

TIME global ranking

340th

Vingroup's World's Best Companies 2026 ranking

Overall score

81 out of 100

TIME and Statista World's Best Companies 2026

Net revenue

VND 222.9 trillion

First half of 2026, consolidated Vingroup revenue

Revenue growth

72 percent

First half of 2026 year on year

Profit after tax

VND 20.904 trillion

First half of 2026, more than four and a half times 2025

Employee satisfaction ranking

398th globally

Vingroup ranking, up 496 places

AI-generated analysis. How Rhea-AI works. Not financial advice.

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On a rainy Tuesday morning in Paris, a driver waiting at a red light on Boulevard Haussmann might not immediately place the badge on the SUV beside them. Thousands of miles away, a driver in California might have a similar moment seeing the same badge on an American road. It is not German, nor one of the familiar Asian names that have become common across established automotive markets. It belongs to VinFast, a Vietnamese automotive brand that is steadily making its presence felt across Europe and North America, and whose global journey reflects a much larger story unfolding inside its parent group, Vingroup.

HANOI, Vietnam, Sept. 10, 2026 /PRNewswire/ -- That journey reached a new milestone this year. Vingroup has been ranked 340th in TIME's World's Best Companies 2026, produced jointly with the research firm Statista, placing it among the world's top 350 businesses and marking a rise of nearly 500 places from the previous year. It is the only Vietnamese company to appear on the list for two consecutive years.

A Ranking Built on More Than Growth

TIME and Statista do not rank companies on size alone. Their methodology weighs three dimensions: revenue growth, employee satisfaction and sustainability transparency. Vingroup earned an overall score of 81 out of 100, rising from 817th to 340th worldwide.

The revenue figures behind that score are substantial. In the first half of 2026, Vingroup posted consolidated net revenue of VND 222.9 trillion, up 72 percent year on year, with profit after tax reaching VND 20.904 trillion, more than four and a half times the figure recorded over the same period in 2025. That growth was driven largely by the Group's industrial manufacturing and real estate businesses, earning Vingroup an "Outstanding" rating on the revenue metric.

Employee satisfaction told a similar story of momentum. Vingroup climbed to 398th globally, up 496 places, in a workforce that now spans roughly 400,000 people across 12 countries.

On sustainability, the Group's contribution came through a different kind of infrastructure – green transition projects, urban development, and long-term investment in the systems that sustain a livable city rather than a single quarter's balance sheet. Vinhomes, the Group's real estate arm, has extended this thinking through its ESG++ model, adding Regeneration and Resilience to the conventional three pillars of Environmental, Social and Governance work, applied across urban developments spanning thousands of hectares.

Two new business lines added to that picture in 2025: infrastructure, through VinSpeed's high-speed rail projects connecting Ho Chi Minh City to Can Gio and Hanoi to Quang Ninh, and green energy, through VinEnergo's projects across multiple provinces. Together, they represent an attempt to build not just individual businesses, but the connective tissue – rail, power and mobility – that a modern, low-carbon economy runs on.

Making the EV Transition More Accessible

Within that broader ecosystem, VinFast represents one of the clearest expressions of Vingroup's global aspirations. The company's expansion across Asia, North America and Europe is bringing the Group's vision for a greener future to an increasingly international audience, while putting a Vietnamese automotive brand directly into competition in some of the world's most established markets.

For customers considering a new automotive brand, however, global vision is only the starting point. The more important question is whether a new entrant can earn the trust required to become part of everyday life.

Research from the McKinsey Center for Future Mobility offers a useful, if counterintuitive, perspective. Surveying thousands of European car buyers, McKinsey found that Europeans open to considering an Asian market entrant show an overall 53 percent likelihood of switching to a new brand when they move to an electric vehicle – a figure that rises as high as 63 percent in the United Kingdom. Brand loyalty, in other words, is proving more fluid in the EV era than it was in the age of the internal combustion engine.

That shift creates an opening for new EV brands. But winning customers requires more than a competitive vehicle. It requires making electric mobility accessible while building the sales, service and ownership infrastructure that gives customers confidence throughout the ownership journey.

With an increasingly diverse and accessible product portfolio, VinFast remains committed to its mission of making electric vehicles more accessible to everyone and enabling customers to transition to green mobility with greater ease and confidence.

In Europe, the company is expanding its presence with products designed around local priorities of efficiency, design and accessibility, including the VF 6 and VF 8, while electric buses such as the EB 8 and the fully European-certified EB 12 further extend its contribution to the region's transition toward greener transportation.

Across North America, the same vision is being supported by the expansion of VinFast's sales and service network and the development of its Certified Pre-Owned (CPO) program. Together, these initiatives are designed to build a more comprehensive ecosystem around the customer, extending beyond the vehicle itself to the services and support that shape the ownership experience.

Vingroup was the first Vietnamese company to qualify for TIME's World's Best Companies list in 2025, while VinFast has earned recognition among TIME100 Most Influential Companies and Asia-Pacific's Best Companies of 2025. These milestones reflect growing international recognition of Vingroup's and VinFast's aspirations, capabilities and expanding global reach.

The latest TIME recognition for Vingroup therefore arrives at a moment when that global reach is becoming increasingly visible. For VinFast, the challenge and opportunity now extend across multiple continents, from European cities where a new badge is gradually becoming familiar, to North American roads where the company is building its presence and customer ecosystem./.

About VinFast

VinFast (NASDAQ: VFS), a subsidiary of Vingroup JSC, one of Vietnam's largest conglomerates, is a pure-play electric vehicle ("EV") company with the mission of making EVs accessible to everyone. VinFast's product lineup today includes a wide range of electric cars, e-scooters, e-bikes and e-buses.

VinFast is embarking on its next growth phase by rapidly scaling its distribution and franchised dealership network globally while expanding its global manufacturing footprint across North America, Europe, the Middle East, and Asia.

Learn more at: https://vinfastauto.us/

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SOURCE VinFast

FAQ

How is TIME's World's Best Companies 2026 ranking determined for Vingroup?

TIME and Statista use a methodology that weighs three dimensions: revenue growth, employee satisfaction and sustainability transparency. Vingroup received an overall score of 81 out of 100, which contributed to its movement from 817th to 340th place worldwide.

What sustainability-related initiatives did Vingroup highlight in connection with its ranking?

Vingroup pointed to green transition projects, urban development and long-term investment in city-supporting systems. Its real estate arm, Vinhomes, applies an ESG++ model that adds Regeneration and Resilience to Environmental, Social and Governance pillars across large urban developments. The Group also referenced infrastructure projects via VinSpeed high-speed rail lines and green energy projects through VinEnergo in multiple provinces.

What new business lines did Vingroup add in 2025?

In 2025, Vingroup added two new business lines: infrastructure, through VinSpeed's high-speed rail projects connecting Ho Chi Minh City to Can Gio and Hanoi to Quang Ninh, and green energy, through VinEnergo's projects in several provinces. These are described as part of building rail, power and mobility infrastructure for a low-carbon economy.

How is VinFast expanding its electric vehicle presence in Europe?

In Europe, VinFast is expanding with EV products designed around local priorities of efficiency, design and accessibility, including the VF 6 and VF 8 passenger vehicles. It is also supplying electric buses such as the EB 8 and fully European-certified EB 12, contributing to the region's transition toward greener transportation.

What steps is VinFast taking to support its growth in North America?

Across North America, VinFast is expanding its sales and service network and developing a Certified Pre-Owned (CPO) program. These efforts are described as building a more comprehensive ecosystem around customers, extending beyond the vehicle to the services and support that shape the ownership experience.

What other international recognitions have Vingroup and VinFast received?

Vingroup was the first Vietnamese company to qualify for TIME's World's Best Companies list in 2025. VinFast has been recognized among TIME100 Most Influential Companies and Asia-Pacific's Best Companies of 2025, which the company presents as signs of growing international recognition of its aspirations and capabilities.