VINFAST'S GLOBAL REVENUE IN Q1 2026 INCREASED 42% YEAR OVER YEAR

VinFast (NASDAQ: VFS) reported unaudited Q1 2026 results with global revenue of VND 23,111.1 billion (US$920.7 million), up 41.7% year over year.

Rhea-AI Summary

VinFast (NASDAQ: VFS) reported unaudited Q1 2026 results with global revenue of VND 23,111.1 billion (US$920.7 million), up 41.7% year over year. The company delivered 58,577 EVs (+61% YoY) and 143,136 e-scooters/e-bikes (+219% YoY), expanded to 447 showrooms, and deepened global partnerships, including a level 4 autonomous driving collaboration with NVIDIA and Autobrains.

Positive

• Q1 2026 revenue VND 23,111.1 billion, up 41.7% year over year
• 58,577 EVs delivered in Q1 2026, a 61% year-over-year increase
• 143,136 e-scooters and e-bikes delivered, up 219% year over year
• Vietnam EV deliveries up 53% year over year in Q1 2026
• VinFast EVs available through 447 showrooms globally by end of Q1 2026
• VinFast ranked #1 BEV brand in the Philippines at Q1 2026 end
• Over 135,000 e-scooter orders and 93,000 shipments in Vietnam in March
• Memoranda of Understanding signed with 29 after-sales partners for service workshops
• Planned expansion to more than 1,100 service workshops globally in 2026
• Strategic collaboration with NVIDIA and Autobrains on a level 4 program

Negative

• None.

Argus Jun 8 session

-4.98% close to close Open Argus

Details

News Market Reaction – VFS

On Jun 8, the day this news came out, VFS closed 4.98% below the previous close.

Data tracked by StockTitan Argus for the Jun 8 session.

Key Figures

Q1 2026 revenue: VND23,111.1 billion (US$920.7 million) Revenue growth: 41.7% year over year EV deliveries: 58,577 vehicles +5 more

Q1 2026 revenue

VND23,111.1 billion (US$920.7 million)

First quarter 2026 unaudited results

Revenue growth

41.7% year over year

Q1 2026 vs Q1 2025

EV deliveries

58,577 vehicles

Q1 2026 deliveries, up 61% YoY

International mix

8% of deliveries

International share of Q1 2026 EV deliveries

E-scooters & e-bikes

143,136 units

Q1 2026, up 219% vs Q1 2025

March e-scooter orders

135,000+ orders

Orders received in March 2026

Vietnam motorcycle share

17%

Overall motorcycle market share in March 2026

Global showrooms

447 locations

VinFast EV showrooms by end of Q1 2026

Historical Context

5 past events · Latest: Jun 02

5 events

1. Jun 02

   VF 9 product highlight

   24h Move

   -2.6%

   Showcased VF 9 comfort, range, and warranty for Canadian families.

2. Jun 01

   VF 8 promotion

   24h Move

   -0.6%

   Emphasized VF 8 family features, U.S. pricing, and financing offers.

3. Jun 01

   Autonomy collaboration

   24h Move

   -0.6%

   Announced Level 4 autonomous driving program with NVIDIA and Autobrains.

4. May 21

   VF 9 positioning

   24h Move

   +0.3%

   Positioned VF 9 as premium yet cost-efficient seven-seat electric SUV.

5. May 21

   New VF 8 launch

   24h Move

   +0.3%

   Introduced new-generation VF 8 with upgraded design and performance.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

oem, bev, memoranda of understanding, autonomous vehicle, +1 more

5 terms

oem technical

"The Company maintained its position as the number one OEM in the domestic automotive market..."

OEM stands for Original Equipment Manufacturer, which is a company that produces parts or components used in the final products made by other companies. For investors, understanding OEMs is important because their performance can impact the supply chain and overall success of major industries, especially those relying on specialized parts. Think of OEMs as the suppliers that provide the building blocks for larger products, like the engine parts for a car.

bev technical

"VinFast ranked #1 BEV brand in the Philippines, #4 in India and #8 in Indonesia."

Bev is a common shorthand for bevacizumab, a lab-made antibody drug that blocks blood vessel growth to tumors; think of it as cutting off the supply lines a growing city needs. Investors watch news about bev closely because trial results, regulatory decisions, or changes in use can materially affect sales forecasts, drug portfolios and a company’s valuation in the oncology market.

memoranda of understanding regulatory

"VinFast signed new Memoranda of Understanding with 29 after-sales partners across multiple markets..."

A memorandum of understanding is a written, often non-binding agreement that outlines the basic terms and intentions of a potential deal or partnership before a formal contract is signed. For investors it signals that parties are negotiating in good faith—like a handshake on paper—so it can indicate progress and possible future value creation, but it does not guarantee the deal will happen or specify final legal obligations.

autonomous vehicle technical

"In the field of autonomous vehicle technology development, on June 1, at the NVIDIA GTC Taipei event..."

A vehicle that can navigate and operate without a person actively controlling the steering, braking and acceleration, using onboard sensors, cameras, maps and software to make driving decisions much like a robot chauffeur. Investors watch autonomous vehicles because they can reshape transportation economics—lowering labor and operating costs for fleets, creating new service and data revenues, and introducing regulatory and liability risks that can rapidly change a company's value, similar to how smartphones transformed multiple industries.

nvidia drive hyperion technical

"built on NVIDIA DRIVE Hyperion. The collaboration marks a new step..."

NVIDIA Drive Hyperion is a complete development and validation kit that combines sensors (cameras, radar, lidar), computing hardware, and driving software used to build and test self‑driving vehicle systems. For investors, it matters because such platforms act like a standardized laboratory or toolkit that lets carmakers and suppliers prototype, certify and scale autonomous features faster and with lower technical risk—potentially accelerating product rollout and revenue opportunities.

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

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SINGAPORE, June 8, 2026 /PRNewswire/ -- VinFast Auto Ltd. announced its unaudited financial results for the first quarter ended March 31, 2026.

In the first quarter of 2026, VinFast ("the Company") delivered 58,577 electric vehicles, representing an increase of 61% from the same period last year. International markets accounted for approximately 8% of total deliveries during the quarter.

In Vietnam, VinFast's EV deliveries in the first quarter of 2026 increased by 53% year over year. The Company maintained its position as the number one OEM in the domestic automotive market since September 2024.

Southeast Asia and India continue to be key growth markets for VinFast. At the end of the first quarter of 2026, VinFast ranked #1 BEV brand in the Philippines, #4 in India and #8 in Indonesia.

The Company also delivered 143,136 units of e-scooters and e-bikes in the first quarter, representing an increase of 219% from the first quarter of 2025. In March alone, VinFast received more than 135,000 e-scooter orders and shipped over 93,000 e-scooters to dealers in Vietnam. VinFast currently holds the leading position in Vietnam's electric motorcycle market and, in March, expanded its share of the overall motorcycle market (including both electric and internal combustion engine models) to 17%.

In the first quarter of 2026, VinFast recorded revenues of VND23,111.1 billion (US$920.7 million), representing an increase of 41.7% from the same period last year. Revenue growth was driven by strong growth in EV sales volumes in Vietnam, together with contributions from overseas markets such as India, Indonesia and the Philippines.

VinFast continued to expand its retail and after-sales network as part of its global expansion strategy. By the end of Q1 2026, customers can purchase VinFast EVs from 447 showrooms globally.

Mr. Pham Nhat Quan Anh, Chairman of VinFast, said: "VinFast has entered a new phase focused on disciplined execution, long-term sustainability, and scalable growth. As we continue expanding globally, we remain committed to strengthening our operational foundation, enhancing capital efficiency, and advancing our transition toward a more asset-light and resilient business model in Vietnam. We believe the long-term global shift toward electrification, supported by increasing focus on energy security and operating efficiency, continues to create meaningful opportunities for VinFast across our core markets."

Ms. Lan Anh Nguyen, Chief Financial Officer of VinFast, added: "Our priorities remain centered on disciplined financial management, operational excellence, and the efficient deployment of capital. We continue to focus on improving productivity, optimizing our cost base, and strengthening the financial resilience of the business. These efforts are intended to support sustainable growth while maintaining the flexibility needed to execute our long-term strategic objectives."

Recently, VinFast signed new Memoranda of Understanding with 29 after-sales partners across multiple markets to establish EV service workshops that meet VinFast's global standards. Building on this network, VinFast aims to expand to more than 1,100 service workshops globally in 2026, spanning North America, Europe, the Middle East and Asia.

In the field of autonomous vehicle technology development, on June 1, at the NVIDIA GTC Taipei event of the COMPUTEX 2026 technology exhibition, VinFast, NVIDIA, and Autobrains announced a strategic collaboration for a next-generation level 4 program for Southeast Asia built on NVIDIA DRIVE Hyperion. The collaboration marks a new step in VinFast's roadmap to make advanced autonomous driving technology more accessible at a reasonable cost, while expanding its practical application in markets that have complex traffic environments.

These achievements further validate the effectiveness of VinFast's global expansion strategy. Leveraging the strength of the Vingroup ecosystem and an increasingly broad network of partners, VinFast continues to expand its footprint across key international markets while building a strong foundation for sustainable long-term growth.

Looking ahead, VinFast plans to further grow its presence through a variety of distribution models, with dealership partnerships remaining the primary channel. To support market demand, the Company plans to further strengthen its manufacturing, assembly and distribution capabilities across international markets where it currently operates. VinFast also continues to evaluate additional vehicle segments, technologies, and smart mobility solutions as part of its long-term development strategy.

Conference Call

The Company's management will host its first quarter 2026 earnings conference call at 8:00 AM U.S. Eastern Time on June 8, 2026. Live Webcast: https://edge.media-server.com/mmc/p/mauga9qr

For more information, please visit: http://ir.vinfastauto.us.

About VinFast Auto Ltd.

VinFast (NASDAQ: VFS) – a subsidiary of Vingroup JSC – is Vietnam's leading automotive company, committed to its mission of creating a green future for everyone. VinFast offers a range of electric SUVs, e-scooters, e-bikes, and e-buses in Vietnam and exports to key markets across Asia, North America, Europe and the Middle East. Learn more at www.vinfastauto.us.

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SOURCE VinFast

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How did VinFast (NASDAQ: VFS) perform financially in Q1 2026?

VinFast reported Q1 2026 revenue of VND 23,111.1 billion (US$920.7 million), a 41.7% year-over-year increase. According to VinFast, this growth was driven mainly by higher EV sales in Vietnam and contributions from India, Indonesia, and the Philippines.

How many electric vehicles did VinFast deliver in Q1 2026?

VinFast delivered 58,577 electric vehicles in Q1 2026, up 61% year over year. According to VinFast, about 8% of these deliveries came from international markets, with Vietnam remaining its core EV market during the quarter.

What were VinFast’s e-scooter and e-bike results in Q1 2026?

VinFast delivered 143,136 e-scooters and e-bikes in Q1 2026, a 219% increase versus Q1 2025. According to VinFast, March alone saw more than 135,000 e-scooter orders and shipments of over 93,000 units to dealers in Vietnam.

How is VinFast expanding its global retail and service network in 2026?

By the end of Q1 2026, VinFast EVs were sold through 447 showrooms worldwide. According to VinFast, new Memoranda of Understanding with 29 after-sales partners support a plan to exceed 1,100 service workshops globally in 2026.

What autonomous driving partnership did VinFast announce in June 2026?

On June 1, 2026, VinFast announced a strategic collaboration with NVIDIA and Autobrains on a next-generation level 4 program for Southeast Asia. According to VinFast, it will use NVIDIA DRIVE Hyperion to help make advanced autonomous technology more accessible.