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VinFast (VFS) expects 2025 global EV deliveries to approach 200,000 units

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(Low)
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(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

VinFast Auto Ltd. reported preliminary global electric vehicle deliveries for full-year 2025 that are expected to be approximately double its 2024 level of 97,399 EVs, approaching 200,000 vehicles. The company noted that it had set a target in February 2025 to at least double global deliveries for 2025 compared to 2024.

In Vietnam, its home market, total 2025 deliveries are expected to exceed 170,000 EVs, highlighting strong domestic demand. These preliminary figures would mark VinFast’s highest annual deliveries since inception, supported by an expanded product lineup under the VinFast, Green Series and Lac Hong brands and its focus on promoting green mobility. The company plans to announce its final global delivery numbers once available and emphasizes that deliveries are only one measure of performance and do not on their own indicate overall financial results.

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Insights

VinFast projects its strongest year yet with 2025 EV deliveries about doubling 2024.

VinFast expects full-year 2025 global EV deliveries to be approximately double its 2024 volume of 97,399 vehicles, approaching 200,000. This aligns with the target it announced in February 2025 to at least double deliveries for the year. If achieved, this would represent a significant scale-up in unit volumes in a single year.

Growth is heavily concentrated in Vietnam, where 2025 deliveries are expected to exceed 170,000 EVs, underscoring that the company’s core demand base remains its home market. The increase is described as being supported by an expanded product lineup across the VinFast, Green Series and Lac Hong brands and efforts to promote green mobility. However, VinFast notes that deliveries are only one measure of performance; overall results will also depend on vehicle pricing and various cost components.

The company describes these 2025 delivery figures as preliminary internal data and states that they represent its highest annual deliveries since inception. Final global delivery numbers will be announced once available. Forward-looking statements are accompanied by an extensive risk discussion, including the challenges of being a growth-stage EV company, the need to control costs, obtain capital, and address material weaknesses, which may influence how this volume growth translates into profitability and cash flow.

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

 

 

FORM 6-K

 

 

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of January 2026

 

Commission File Number: 001-41782

 

VinFast Auto Ltd.

 

Dinh Vu – Cat Hai Economic Zone

Cat Hai Island, Cat Hai Special Zone

Hai Phong City, Vietnam

(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.    Form 20-F    Form 40-F  

 

 

 

 

 

 

INFORMATION CONTAINED IN THIS REPORT ON FORM 6-K

 

VINFAST REPORTS PRELIMINARY GLOBAL DELIVERIES FOR FULL YEAR 2025

 

Hanoi, January 5, 2026 – VinFast Auto Ltd. (“VinFast” or the “Company”) announced that, based on its preliminary internal data, it expects full-year 2025 global electric vehicle (“EV”) deliveries to be approximately double its full-year 2024 deliveries of 97,399 EVs, approaching 200,000 vehicles.

 

In February 2025, the Company announced its target to at least double its global deliveries for the full year 2025 compared to 2024.

 

In Vietnam, total deliveries for 2025 are expected to exceed 170,000 EVs, reflecting continued strong demand in the Company’s home market.

 

These preliminary delivery results represent VinFast’s highest annual deliveries since inception, supported by its expanded product lineup addressing a broad range of customer needs across its VinFast, Green Series and Lac Hong brands, and reflecting the Company’s ongoing efforts to promote green mobility.

 

The Company will announce its final number of total global deliveries once available.

 

Note: Preliminary delivery results are subject to change and may differ from the final number of deliveries that will be recognized as vehicle sales revenue for the period as a result of the year end audit.

 

About VinFast

 

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

 

VinFast deliveries represent only one measure of the Company’s financial performance and should not be relied on as an indicator of quarterly financial results, which depend on a variety of factors, including vehicle selling prices and various cost components.

 

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Forward Looking Statements

 

Forward-looking statements contained herein, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1955. These statements include statements regarding VinFast’s future results of operations and financial position, planned products and services, business strategy and plans, objectives of management for future operations of VinFast, market size and growth opportunities, competitive position and technological and market trends and involve known and unknown risks that are difficult to predict. As a result, VinFast’s actual results, performance or achievements may differ materially from those expressed or implied by these forward-looking statements. In some cases, you can identify forward-looking statements because they contain words such as “may,” “will,” “shall,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “target,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential,” “goal,” “objective,” “seeks,” or “continue” or the negative of these words or other similar terms or expressions that concern VinFast’s expectations, strategy, plans, or intentions. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by VinFast’s and VinFast’s management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: (i) the risk associated with being a growth-stage company in the EV industry; (ii) the unavailability, reduction or elimination of government and economic incentives or government policies that are favorable for EV manufacturers and buyers; (iii) Significant changes or developments in U.S. laws or policies, including changes in U.S. trade policies and tariffs and the reaction of other countries; (iv) the Company’s ability to adequately control the costs associated with its operations; (v) the risks of the Company’s brand, reputation, public credibility, and consumer confidence in its business being harmed by negative publicity; (vi) competition in the automotive industry; (vii) the ability of the Company to obtain components and raw materials according to schedule at acceptable prices, quality, and volumes from its suppliers; (viii) the demand for, and consumers’ willingness to adopt, EVs; (ix) the availability and accessibility of EV charging stations or related infrastructure; (x) failure to remediate the Company’s material weaknesses and produce timely and accurate financial statements; (xi) the ability of the Company to achieve profitability, positive cash flows from operating activities, and a net working capital surplus; (xii) the Company’s ability to obtain commercially reasonable capital to support its business growth; (xiii) the risk of future restatements to the Company’s Financial Statements; (xiv) the Company’s reliance on financial and other support from Vingroup and its affiliates and the close association between the Company and Vingroup and its affiliates; (xv) the Company’s reliance on its affiliates for its EV deliveries; (xvi) the ability of the Company’s controlling shareholder to control and exert significant influence on the Company; and (xvii) other risks discussed in VinFast’s reports filed or furnished to the SEC.

 

All forward-looking statements attributable to VinFast’s or people acting on VinFast’s behalf are expressly qualified in their entirety by the cautionary statements set forth above. You are cautioned not to place undue reliance on any forward-looking statements, which are made only as of the date hereof. VinFast does not undertake or assume any obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions, or changes in other factors affecting forward-looking statements, except to the extent required by applicable law. If VinFast updates one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those or other forward-looking statements. The inclusion of any statement herein does not constitute an admission by VinFast or any other person that the events or circumstances described in such statement are material. Undue reliance should not be placed upon the forward-looking statements.

 

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SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  VinFast Auto Ltd.
     
Date: January 5, 2026 By:

/s/ Le Thi Thu Thuy

    Name:  Le Thi Thu Thuy
    Title: Chairwoman and Director

 

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FAQ

What preliminary 2025 EV delivery numbers did VinFast (VFS) report?

VinFast expects its full-year 2025 global electric vehicle deliveries to be approximately double its full-year 2024 level of 97,399 EVs, approaching 200,000 vehicles, based on preliminary internal data.

How do VinFast’s 2025 delivery expectations compare to its 2024 performance?

The company expects full-year 2025 global EV deliveries to be approximately double its 97,399 EVs delivered in 2024, indicating a sharp year-over-year increase in unit volumes.

What are VinFast’s expected 2025 EV deliveries in Vietnam?

In Vietnam, VinFast’s home market, total 2025 EV deliveries are expected to exceed 170,000 vehicles, reflecting continued strong local demand.

Did VinFast have a prior 2025 delivery target and is it on track?

In February 2025, VinFast announced a target to at least double its global deliveries for full-year 2025 compared to 2024. Its current preliminary estimate of deliveries approximately doubling 2024 levels indicates performance in line with that target.

Does VinFast say EV deliveries fully reflect its financial performance?

No. VinFast states that deliveries are only one measure of its performance and should not be relied on as an indicator of quarterly financial results, which also depend on vehicle selling prices and various cost components.

What supports VinFast’s higher 2025 delivery levels?

VinFast cites its expanded product lineup across the VinFast, Green Series and Lac Hong brands and its efforts to promote green mobility as supporting its highest annual deliveries since inception.

Are VinFast’s 2025 delivery numbers final?

No. The company describes the 2025 delivery figures as preliminary internal data and plans to announce its final number of total global deliveries once available.
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