STOCK TITAN

VinFast (VFS) files Form 6-K with H1 2025 results and business update

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

VinFast Auto Ltd. submitted a Form 6-K to furnish its unaudited results for the six-month period ended June 30, 2025 and to share business updates. These materials are provided through two exhibits: interim condensed consolidated financial statements and a separate company business update.

The Form 6-K is also incorporated by reference into VinFast’s existing Form S-8 and Form F-3 registration statements, meaning the financial and business information in these exhibits now forms part of those registration documents until later filings replace them.

Positive

  • None.

Negative

  • None.
--12-310001913510false2025Q200019135102025-01-012025-06-300001913510us-gaap:CommonStockMember2025-01-012025-06-300001913510vfs:StandbyEquitySubscriptionAgreementWithYorkvilleMember2023-10-202023-10-200001913510vfs:StandbyEquitySubscriptionAgreementWithYorkvilleMember2023-10-200001913510vfs:VinhomesJscMembervfs:SaleOfVehiclesAndOthersMemberus-gaap:RelatedPartyMember2025-01-012025-06-300001913510vfs:VinbusEcologyTransportServicesLlcMembervfs:SaleOfElectricBusesMemberus-gaap:RelatedPartyMember2025-01-012025-06-300001913510vfs:VinhomesJscMembervfs:SaleOfVehiclesAndOthersMemberus-gaap:RelatedPartyMember2024-01-012024-06-300001913510vfs:VinpearlJscMembervfs:LoanReceivablesMemberus-gaap:RelatedPartyMember2024-01-012024-06-300001913510vfs:VinbusEcologyTransportServicesLlcMembervfs:LoanReceivablesMemberus-gaap:RelatedPartyMember2024-01-012024-06-300001913510vfs:VingroupJscMembervfs:BorrowingsConvertedFromInterestPayableMemberus-gaap:RelatedPartyMember2025-01-012025-06-300001913510vfs:VingroupJscMemberus-gaap:BorrowingsMemberus-gaap:RelatedPartyMember2025-01-012025-06-300001913510vfs:VingroupJscMemberus-gaap:BorrowingsMemberus-gaap:RelatedPartyMember2024-01-012024-06-300001913510vfs:VincomRetailOperationLlcMemberus-gaap:BorrowingsMemberus-gaap:RelatedPartyMember2024-01-012024-06-300001913510vfs:VincomRetailLandmarkCo.Ltd.Memberus-gaap:BorrowingsMemberus-gaap:RelatedPartyMember2024-01-012024-06-300001913510vfs:SuoiHoaUrbanJscMemberus-gaap:BorrowingsMemberus-gaap:RelatedPartyMember2024-01-012024-06-300001913510vfs:VingroupJscMembervfs:DividendPreferenceSharesTwoMember2022-06-012022-06-300001913510vfs:VingroupJscMembervfs:DividendPreferenceSharesTwoMember2022-05-012022-05-310001913510vfs:NovatechResearchAndDevelopmentJointStockCompanyMembervfs:DividendPreferenceSharesOneAndThreeMemberus-gaap:SubsequentEventMember2025-08-012025-08-310001913510vfs:NovatechResearchAndDevelopmentJointStockCompanyMembervfs:DividendPreferenceSharesFiveMemberus-gaap:SubsequentEventMember2025-08-012025-08-310001913510vfs:FinancialLiabilitiesAtFairValueThroughProfitOrLossMember2025-06-300001913510vfs:FinancialLiabilitiesAtFairValueThroughProfitOrLossMember2024-12-310001913510vfs:FinancialLiabilitiesAtFairValueThroughProfitOrLossMember2024-06-300001913510vfs:FinancialLiabilitiesAtFairValueThroughProfitOrLossMember2023-12-310001913510vfs:FinancialLiabilitiesAtFairValueThroughProfitOrLossMember2025-01-012025-06-300001913510vfs:FinancialLiabilitiesAtFairValueThroughProfitOrLossMember2024-01-012024-06-300001913510vfs:FinancialAssetsAtFairValueThroughProfitOrLossMember2025-06-300001913510vfs:FinancialAssetsAtFairValueThroughProfitOrLossMember2024-12-310001913510vfs:FinancialAssetsAtFairValueThroughProfitOrLossMember2024-06-300001913510vfs:FinancialAssetsAtFairValueThroughProfitOrLossMember2023-12-310001913510vfs:FinancialAssetsAtFairValueThroughProfitOrLossMember2025-01-012025-06-300001913510vfs:FinancialAssetsAtFairValueThroughProfitOrLossMember2024-01-012024-06-300001913510vfs:NovatechResearchAndDevelopmentJointStockCompanyMemberus-gaap:SubsequentEventMember2025-08-310001913510vfs:StoredotLtdMember2025-01-012025-06-300001913510srt:MinimumMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputRiskFreeInterestRateMembervfs:BinomialOptionPricingModelLatticeModelMember2024-12-310001913510srt:MaximumMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputRiskFreeInterestRateMembervfs:BinomialOptionPricingModelLatticeModelMember2024-12-310001913510us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputPriceVolatilityMembervfs:BinomialOptionPricingModelLatticeModelMember2024-12-310001913510us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputCreditSpreadMembervfs:BinomialOptionPricingModelLatticeModelMember2024-12-310001913510srt:MaximumMember2025-06-300001913510srt:MaximumMember2024-12-3100019135102024-01-012024-12-310001913510us-gaap:AdditionalPaidInCapitalMember2025-01-012025-06-300001913510us-gaap:AdditionalPaidInCapitalMember2024-01-012024-06-300001913510vfs:VinfastTradingAndProductionJscMembervfs:DividendPreferenceSharesTwoMember2022-06-012022-06-300001913510vfs:VinfastTradingAndProductionJscMembervfs:DividendPreferenceSharesTwoMember2022-05-012022-05-310001913510us-gaap:CommonStockMember2024-01-012024-06-300001913510vfs:DividendPreferenceSharesThreeMember2025-01-012025-06-300001913510vfs:DividendPreferenceSharesOneMember2025-01-012025-06-300001913510vfs:DividendPreferenceSharesFourMember2025-01-012025-06-300001913510vfs:DividendPreferenceSharesFiveMember2025-01-012025-06-300001913510vfs:DividendPreferenceSharesOneMember2022-03-012022-03-310001913510us-gaap:RetainedEarningsMember2025-06-300001913510us-gaap:NoncontrollingInterestMember2025-06-300001913510us-gaap:AdditionalPaidInCapitalMember2025-06-300001913510us-gaap:AccumulatedOtherComprehensiveIncomeMember2025-06-300001913510us-gaap:RetainedEarningsMember2024-12-310001913510us-gaap:NoncontrollingInterestMember2024-12-310001913510us-gaap:AdditionalPaidInCapitalMember2024-12-310001913510us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-12-310001913510us-gaap:RetainedEarningsMember2024-06-300001913510us-gaap:NoncontrollingInterestMember2024-06-300001913510us-gaap:AdditionalPaidInCapitalMember2024-06-300001913510us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-06-300001913510us-gaap:RetainedEarningsMember2023-12-310001913510us-gaap:NoncontrollingInterestMember2023-12-310001913510us-gaap:AdditionalPaidInCapitalMember2023-12-310001913510us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-12-310001913510vfs:OtherLoansPayableMember2025-06-300001913510vfs:Bank7Member2025-06-300001913510vfs:Bank6Member2025-06-300001913510vfs:Bank5Member2025-06-300001913510vfs:Bank4Member2025-06-300001913510vfs:Bank3Member2025-06-300001913510vfs:Bank2Member2025-06-300001913510vfs:Bank1Member2025-06-300001913510vfs:Bank13Member2025-06-300001913510vfs:Bank12Member2025-06-300001913510vfs:Bank11Member2025-06-300001913510vfs:LoansFromOthersMember2024-12-310001913510vfs:DomesticBondsMember2025-01-012025-06-300001913510vfs:PtXanhSmIndoMembervfs:RevenueFromSaleOfVehiclesAndSparePartsMemberus-gaap:RelatedPartyMember2025-01-012025-06-300001913510vfs:GsmJscMembervfs:RevenueFromSaleOfVehiclesMemberus-gaap:RelatedPartyMember2025-01-012025-06-300001913510vfs:GreenJscMembervfs:RevenueFromBusinessCooperationContractsMemberus-gaap:RelatedPartyMember2025-01-012025-06-300001913510vfs:GreenFutureServicesAndTradingJointStockCompanyMembervfs:RevenueFromSaleOfVehiclesMemberus-gaap:RelatedPartyMember2025-01-012025-06-300001913510vfs:GreenAndSmartMobilityPhilippinesIncMembervfs:RevenueFromSaleOfVehiclesMemberus-gaap:RelatedPartyMember2025-01-012025-06-300001913510us-gaap:RelatedPartyMember2025-01-012025-06-300001913510srt:EuropeMember2025-01-012025-06-300001913510srt:AsiaPacificMember2025-01-012025-06-300001913510country:VN2025-01-012025-06-300001913510country:US2025-01-012025-06-300001913510country:CA2025-01-012025-06-300001913510vfs:GsmJscMembervfs:RevenueFromSaleOfVehiclesMemberus-gaap:RelatedPartyMember2024-01-012024-06-300001913510us-gaap:RelatedPartyMember2024-01-012024-06-300001913510srt:EuropeMember2024-01-012024-06-300001913510country:VN2024-01-012024-06-300001913510country:US2024-01-012024-06-300001913510country:CA2024-01-012024-06-300001913510vfs:PtXanhSmIndoMembervfs:RevenueFromSaleOfVehiclesAndSparePartsMember2025-01-012025-06-300001913510vfs:GsmJscMembervfs:RevenueFromSaleOfVehiclesMember2025-01-012025-06-300001913510vfs:GreenJscMembervfs:RevenueFromBusinessCooperationContractsMember2025-01-012025-06-300001913510vfs:GreenFutureServicesAndTradingJointStockCompanyMembervfs:RevenueFromSaleOfVehiclesMember2025-01-012025-06-300001913510vfs:GreenAndSmartMobilityPhilippinesIncMembervfs:RevenueFromSaleOfVehiclesMember2025-01-012025-06-300001913510vfs:PtXanhSmIndoMembervfs:RevenueFromSaleOfVehiclesAndSparePartsMember2024-01-012024-06-300001913510vfs:GsmJscMembervfs:RevenueFromSaleOfVehiclesMember2024-01-012024-06-300001913510vfs:GreenJscMembervfs:RevenueFromBusinessCooperationContractsMember2024-01-012024-06-300001913510vfs:GreenFutureServicesAndTradingJointStockCompanyMembervfs:RevenueFromSaleOfVehiclesMember2024-01-012024-06-300001913510vfs:GreenAndSmartMobilityPhilippinesIncMembervfs:RevenueFromSaleOfVehiclesMember2024-01-012024-06-300001913510vfs:SparePartsAndComponentsMemberus-gaap:AllOtherSegmentsMember2025-01-012025-06-300001913510vfs:LeasingActivitiesAndOtherMemberus-gaap:AllOtherSegmentsMember2025-01-012025-06-300001913510vfs:IceVehiclesMemberus-gaap:AllOtherSegmentsMember2025-01-012025-06-300001913510vfs:EScootersMembervfs:EScooterSegmentMember2025-01-012025-06-300001913510vfs:ECarsMembervfs:CarSegmentsMember2025-01-012025-06-300001913510vfs:EBusesMembervfs:EBusSegmentMember2025-01-012025-06-300001913510vfs:CarbonCreditsMemberus-gaap:AllOtherSegmentsMember2025-01-012025-06-300001913510vfs:AftermarketServicesMemberus-gaap:AllOtherSegmentsMember2025-01-012025-06-300001913510vfs:SparePartsAndComponentsMemberus-gaap:AllOtherSegmentsMember2024-01-012024-06-300001913510vfs:LeasingActivitiesAndOtherMemberus-gaap:AllOtherSegmentsMember2024-01-012024-06-300001913510vfs:IceVehiclesMemberus-gaap:AllOtherSegmentsMember2024-01-012024-06-300001913510vfs:EScootersMembervfs:EScooterSegmentMember2024-01-012024-06-300001913510vfs:ECarsMembervfs:CarSegmentsMember2024-01-012024-06-300001913510vfs:AftermarketServicesMemberus-gaap:AllOtherSegmentsMember2024-01-012024-06-300001913510vfs:VingroupJscMembersrt:MinimumMemberus-gaap:LongTermDebtMemberus-gaap:RelatedPartyMember2025-01-012025-06-300001913510vfs:VingroupJscMembersrt:MaximumMemberus-gaap:ShortTermDebtMemberus-gaap:RelatedPartyMember2025-01-012025-06-300001913510vfs:VingroupJscMembersrt:MaximumMemberus-gaap:LongTermDebtMemberus-gaap:RelatedPartyMember2025-01-012025-06-300001913510vfs:VinpearlJscMemberus-gaap:ShortTermDebtMemberus-gaap:RelatedPartyMember2025-01-012025-06-300001913510vfs:VingroupJscMembersrt:MinimumMemberus-gaap:ShortTermDebtMember2025-01-012025-06-300001913510vfs:VinpearlJscMembervfs:HotelServiceAirplaneTicketsExpensesMemberus-gaap:RelatedPartyMember2025-01-012025-06-300001913510vfs:VinhomesHaTinhIndustrialZoneInvestmentJscMembervfs:FinancialLeaseTransactionMemberus-gaap:RelatedPartyMember2025-01-012025-06-300001913510vfs:VinhomesHaiPhongIndustrialZoneInvestmentJscMemberus-gaap:InterestExpenseMemberus-gaap:RelatedPartyMember2025-01-012025-06-300001913510vfs:VingroupJscMembervfs:CapitalContributionByOffsettingAgainstBorrowingsMemberus-gaap:RelatedPartyMember2025-01-012025-06-300001913510vfs:VingroupJscMemberus-gaap:InterestExpenseMemberus-gaap:RelatedPartyMember2025-01-012025-06-300001913510vfs:VincomRetailOperationLlcMembervfs:RentalShowroomsAndChargingStationsMemberus-gaap:RelatedPartyMember2025-01-012025-06-300001913510vfs:VGHighTechEnergySolutionsCoLtdMembervfs:PurchaseOfMaterialsMemberus-gaap:RelatedPartyMember2025-01-012025-06-300001913510vfs:PhamNhatVuongMembervfs:SponsorshipContributionAccountedForAsDeemedContributionMemberus-gaap:RelatedPartyMember2025-01-012025-06-300001913510vfs:GsmJscMembervfs:LatePaymentPenaltyInterestMemberus-gaap:RelatedPartyMember2025-01-012025-06-300001913510vfs:GreenJscMembervfs:RevenueFromChargingSubsidiesMemberus-gaap:RelatedPartyMember2025-01-012025-06-300001913510vfs:GreenJscMembervfs:PaymentOnBehalfMemberus-gaap:RelatedPartyMember2025-01-012025-06-300001913510vfs:GreenFutureServicesAndTradingJointStockCompanyMembervfs:LatePaymentPenaltyInterestMemberus-gaap:RelatedPartyMember2025-01-012025-06-300001913510vfs:PhamNhatVuongMembervfs:SponsorshipContributionAccountedForAsDeemedContributionMember2025-01-012025-06-300001913510vfs:VinsmartResearchAndManufactureJscMembervfs:SponsorshipContributionAccountedForAsDeemedContributionMemberus-gaap:RelatedPartyMember2024-01-012024-06-300001913510vfs:VinsmartResearchAndManufactureJscMembervfs:PurchaseOfMachineryAndEquipmentToolsMaterialsAndGoodsMemberus-gaap:RelatedPartyMember2024-01-012024-06-300001913510vfs:VinpearlJscMembervfs:HotelServiceAirplaneTicketsExpensesMemberus-gaap:RelatedPartyMember2024-01-012024-06-300001913510vfs:VingroupJscMemberus-gaap:InterestExpenseMemberus-gaap:RelatedPartyMember2024-01-012024-06-300001913510vfs:VincomRetailOperationLlcMembervfs:RentalShowroomsAndChargingStationsMemberus-gaap:RelatedPartyMember2024-01-012024-06-300001913510vfs:VincomRetailOperationLlcMembervfs:InterestPayableMemberus-gaap:RelatedPartyMember2024-01-012024-06-300001913510vfs:VinbusEcologyTransportServicesLlcMembervfs:InterestReceivableMemberus-gaap:RelatedPartyMember2024-01-012024-06-300001913510vfs:VietnamInvestmentGroupJointStockCompanyMembervfs:SponsorshipContributionAccountedForAsDeemedContributionMemberus-gaap:RelatedPartyMember2024-01-012024-06-300001913510vfs:VietnamInvestmentGroupJointStockCompanyMembervfs:CashReceivedForDisposalOfIceAssetsMemberus-gaap:RelatedPartyMember2024-01-012024-06-300001913510vfs:VhizJscMemberus-gaap:InterestExpenseMemberus-gaap:RelatedPartyMember2024-01-012024-06-300001913510vfs:PhamNhatVuongMembervfs:SponsorshipContributionAccountedForAsDeemedContributionMemberus-gaap:RelatedPartyMember2024-01-012024-06-300001913510vfs:GsmJscMembervfs:LatePaymentPenaltyInterestMemberus-gaap:RelatedPartyMember2024-01-012024-06-300001913510vfs:GreenBccMember2024-09-300001913510us-gaap:RetainedEarningsMember2025-01-012025-06-300001913510us-gaap:RetainedEarningsMember2024-01-012024-06-300001913510us-gaap:NoncontrollingInterestMember2024-01-012024-06-300001913510vfs:DividendPreferenceSharesFiveMember2025-06-300001913510vfs:DividendPreferenceSharesOneMember2022-03-310001913510vfs:VingroupJscMembervfs:DividendPreferenceSharesTwoMember2025-06-300001913510vfs:PtXanhSmIndoMembervfs:OtherBalancesDueFromRelatedPartiesMemberus-gaap:RelatedPartyMember2025-06-300001913510vfs:OtherCounterPartiesMembervfs:OtherBalancesDueFromRelatedPartiesMemberus-gaap:RelatedPartyMember2025-06-300001913510vfs:GsmJscMembervfs:OtherBalancesDueFromRelatedPartiesMemberus-gaap:RelatedPartyMember2025-06-300001913510vfs:GreenJscMembervfs:OtherBalancesDueFromRelatedPartiesMemberus-gaap:RelatedPartyMember2025-06-300001913510vfs:GreenFutureServicesAndTradingJointStockCompanyMembervfs:OtherBalancesDueFromRelatedPartiesMemberus-gaap:RelatedPartyMember2025-06-300001913510vfs:GreenAndSmartMobilityPhilippinesIncMembervfs:OtherBalancesDueFromRelatedPartiesMemberus-gaap:RelatedPartyMember2025-06-300001913510vfs:ShortTermLoansAdvanceToAndReceivablesFromRelatedPartiesMemberus-gaap:RelatedPartyMember2025-06-300001913510vfs:OtherBalancesDueFromRelatedPartiesMemberus-gaap:RelatedPartyMember2025-06-300001913510vfs:PtXanhSmIndoMembervfs:OtherBalancesDueFromRelatedPartiesMemberus-gaap:RelatedPartyMember2024-12-310001913510vfs:OtherCounterPartiesMembervfs:OtherBalancesDueFromRelatedPartiesMemberus-gaap:RelatedPartyMember2024-12-310001913510vfs:GsmJscMembervfs:OtherBalancesDueFromRelatedPartiesMemberus-gaap:RelatedPartyMember2024-12-310001913510vfs:GreenJscMembervfs:OtherBalancesDueFromRelatedPartiesMemberus-gaap:RelatedPartyMember2024-12-310001913510vfs:GreenFutureServicesAndTradingJointStockCompanyMembervfs:OtherBalancesDueFromRelatedPartiesMemberus-gaap:RelatedPartyMember2024-12-310001913510vfs:ShortTermLoansAdvanceToAndReceivablesFromRelatedPartiesMemberus-gaap:RelatedPartyMember2024-12-310001913510vfs:OtherBalancesDueFromRelatedPartiesMemberus-gaap:RelatedPartyMember2024-12-310001913510vfs:LongTermReceivablesMemberus-gaap:RelatedPartyMember2025-06-300001913510vfs:LongTermReceivablesMemberus-gaap:RelatedPartyMember2024-12-310001913510vfs:VingroupJscMemberus-gaap:LongTermDebtMemberus-gaap:RelatedPartyMember2025-06-300001913510vfs:LongTermPayablesToRelatedPartiesMemberus-gaap:RelatedPartyMember2025-06-300001913510vfs:LongTermPayablesMemberus-gaap:RelatedPartyMember2025-06-300001913510us-gaap:LongTermDebtMemberus-gaap:RelatedPartyMember2025-06-300001913510vfs:VingroupJscMemberus-gaap:LongTermDebtMemberus-gaap:RelatedPartyMember2024-12-310001913510vfs:LongTermPayablesToRelatedPartiesMemberus-gaap:RelatedPartyMember2024-12-310001913510vfs:LongTermPayablesMemberus-gaap:RelatedPartyMember2024-12-310001913510us-gaap:LongTermDebtMemberus-gaap:RelatedPartyMember2024-12-310001913510vfs:VinsmartResearchAndManufactureJscMembervfs:OtherBalancesDueToRelatedPartyMemberus-gaap:RelatedPartyMember2025-06-300001913510vfs:VinpearlJscMemberus-gaap:ShortTermDebtMemberus-gaap:RelatedPartyMember2025-06-300001913510vfs:VinhomesJscMembervfs:OtherBalancesDueToRelatedPartyMemberus-gaap:RelatedPartyMember2025-06-300001913510vfs:VinhomesHaiPhongIndustrialZoneInvestmentJscMembervfs:OtherBalancesDueToRelatedPartyMemberus-gaap:RelatedPartyMember2025-06-300001913510vfs:VingroupJscMembervfs:OtherBalancesDueToRelatedPartyMemberus-gaap:RelatedPartyMember2025-06-300001913510vfs:VingroupJscMemberus-gaap:ShortTermDebtMemberus-gaap:RelatedPartyMember2025-06-300001913510vfs:VinbusEcologyTransportServicesLlcMembervfs:OtherBalancesDueToRelatedPartyMemberus-gaap:RelatedPartyMember2025-06-300001913510vfs:VhizJscMembervfs:OtherBalancesDueToRelatedPartyMemberus-gaap:RelatedPartyMember2025-06-300001913510vfs:OtherCounterPartiesMembervfs:OtherBalancesDueToRelatedPartyMemberus-gaap:RelatedPartyMember2025-06-300001913510vfs:GsmJscMembervfs:OtherBalancesDueToRelatedPartyMemberus-gaap:RelatedPartyMember2025-06-300001913510vfs:GreenJscMembervfs:OtherBalancesDueToRelatedPartyMemberus-gaap:RelatedPartyMember2025-06-300001913510vfs:VingroupJscMemberus-gaap:ShortTermDebtMember2025-06-300001913510vfs:ShortTermPayablesToAndBorrowingsFromRelatedPartiesMemberus-gaap:RelatedPartyMember2025-06-300001913510vfs:ShortTermPayablesMemberus-gaap:RelatedPartyMember2025-06-300001913510vfs:OtherBalancesDueToRelatedPartyMemberus-gaap:RelatedPartyMember2025-06-300001913510us-gaap:ShortTermDebtMemberus-gaap:RelatedPartyMember2025-06-300001913510us-gaap:NonrelatedPartyMember2025-06-300001913510vfs:VinsmartResearchAndManufactureJscMembervfs:OtherBalancesDueToRelatedPartyMemberus-gaap:RelatedPartyMember2024-12-310001913510vfs:VinpearlJscMemberus-gaap:ShortTermDebtMemberus-gaap:RelatedPartyMember2024-12-310001913510vfs:VinhomesJscMembervfs:OtherBalancesDueToRelatedPartyMemberus-gaap:RelatedPartyMember2024-12-310001913510vfs:VinhomesHaiPhongIndustrialZoneInvestmentJscMembervfs:OtherBalancesDueToRelatedPartyMemberus-gaap:RelatedPartyMember2024-12-310001913510vfs:VingroupJscMembervfs:OtherBalancesDueToRelatedPartyMemberus-gaap:RelatedPartyMember2024-12-310001913510vfs:VingroupJscMemberus-gaap:ShortTermDebtMemberus-gaap:RelatedPartyMember2024-12-310001913510vfs:VinbusEcologyTransportServicesLlcMembervfs:OtherBalancesDueToRelatedPartyMemberus-gaap:RelatedPartyMember2024-12-310001913510vfs:VhizJscMembervfs:OtherBalancesDueToRelatedPartyMemberus-gaap:RelatedPartyMember2024-12-310001913510vfs:OtherCounterPartiesMembervfs:OtherBalancesDueToRelatedPartyMemberus-gaap:RelatedPartyMember2024-12-310001913510vfs:GsmJscMembervfs:OtherBalancesDueToRelatedPartyMemberus-gaap:RelatedPartyMember2024-12-310001913510vfs:GreenJscMembervfs:OtherBalancesDueToRelatedPartyMemberus-gaap:RelatedPartyMember2024-12-310001913510vfs:ShortTermPayablesToAndBorrowingsFromRelatedPartiesMemberus-gaap:RelatedPartyMember2024-12-310001913510vfs:ShortTermPayablesMemberus-gaap:RelatedPartyMember2024-12-310001913510vfs:OtherBalancesDueToRelatedPartyMemberus-gaap:RelatedPartyMember2024-12-310001913510us-gaap:ShortTermDebtMemberus-gaap:RelatedPartyMember2024-12-310001913510us-gaap:NonrelatedPartyMember2024-12-310001913510us-gaap:RelatedPartyMember2025-06-300001913510us-gaap:RelatedPartyMember2024-12-310001913510us-gaap:AccumulatedOtherComprehensiveIncomeMember2025-01-012025-06-300001913510us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-01-012024-06-300001913510vfs:OtherCountriesMember2025-06-300001913510country:VN2025-06-300001913510country:US2025-06-300001913510vfs:OtherCountriesMember2024-12-310001913510country:VN2024-12-310001913510country:US2024-12-310001913510us-gaap:NoncontrollingInterestMember2025-01-012025-06-300001913510currency:USDsrt:MinimumMembervfs:SecuredLoansWithoutSwapContractMember2025-06-300001913510currency:USDsrt:MaximumMembervfs:SecuredLoansWithoutSwapContractMember2025-06-300001913510currency:EURsrt:MinimumMembervfs:SecuredLoansMember2025-06-300001913510currency:EURsrt:MaximumMembervfs:SecuredLoansMember2025-06-300001913510currency:USDsrt:MinimumMembervfs:SecuredLoansWithFloatingInterestRateSwapContractMember2025-06-300001913510currency:USDsrt:MaximumMembervfs:SecuredLoansWithFloatingInterestRateSwapContractMember2025-06-300001913510vfs:LoansFromBankMember2024-12-310001913510vfs:DomesticBondsMember2024-12-310001913510vfs:SyndicatedLoanNo.9Member2025-06-300001913510vfs:SyndicatedLoanNo.8Member2025-06-300001913510vfs:SyndicatedLoanNo.7Member2025-06-300001913510vfs:SyndicatedLoanNo.5Member2025-06-300001913510vfs:SyndicatedLoanNo.4Member2025-06-300001913510vfs:SyndicatedLoanNo.1Member2025-06-300001913510vfs:SyndicatedLoanNo.10Member2025-06-300001913510vfs:LoansFromBankMember2025-06-300001913510vfs:LoanFromOthersMember2025-06-300001913510vfs:DomesticBondsMember2025-06-300001913510vfs:DomesticBondsBeingDueInJune2028Member2025-06-300001913510vfs:CommercialBankLoanMember2025-06-300001913510vfs:VinfastTradingAndProductionJscMember2025-06-300001913510vfs:ShowroomAssetsMembervfs:CarSegmentsMember2025-01-012025-06-300001913510vfs:BatteryProductionLineFacilitiesMembervfs:CarSegmentsMember2025-01-012025-06-300001913510vfs:ShowroomAssetsMembervfs:CarSegmentsMember2024-01-012024-06-300001913510vfs:LeasedOutBatteriesMembervfs:CarAndEScooterSegmentsMember2025-01-012025-06-300001913510vfs:LeasedOutBatteriesMember2025-01-012025-06-300001913510vfs:LeasedOutBatteriesMembervfs:CarAndEScooterSegmentsMember2024-01-012024-06-300001913510vfs:BatteryProductionLineFacilitiesMembervfs:CarSegmentsMember2024-01-012024-06-300001913510us-gaap:SoftwareAndSoftwareDevelopmentCostsMember2025-06-300001913510us-gaap:SoftwareAndSoftwareDevelopmentCostsMember2024-12-310001913510us-gaap:OtherIntangibleAssetsMember2025-06-300001913510us-gaap:LicenseMember2025-06-300001913510us-gaap:ComputerSoftwareIntangibleAssetMember2025-06-300001913510us-gaap:OtherIntangibleAssetsMember2024-12-310001913510us-gaap:LicenseMember2024-12-310001913510us-gaap:ComputerSoftwareIntangibleAssetMember2024-12-310001913510vfs:FinancialLiabilitiesInRespectOfDividendPreferredSharesTwoMember2025-06-300001913510us-gaap:DerivativeFinancialInstrumentsLiabilitiesMember2025-06-300001913510vfs:FinancialLiabilitiesInRespectOfDividendPreferredSharesTwoMember2024-12-310001913510vfs:FinancialLiabilitiesInRespectOfDividendPreferredSharesTwoMember2024-06-300001913510us-gaap:ConvertibleDebtSecuritiesMember2024-06-300001913510vfs:FinancialLiabilitiesInRespectOfDividendPreferredSharesTwoMember2023-12-310001913510us-gaap:ConvertibleDebtSecuritiesMember2023-12-310001913510vfs:FinancialLiabilitiesInRespectOfDividendPreferredSharesTwoMember2025-01-012025-06-300001913510us-gaap:DerivativeFinancialInstrumentsLiabilitiesMember2025-01-012025-06-300001913510vfs:FinancialLiabilitiesInRespectOfDividendPreferredSharesTwoMember2024-01-012024-06-300001913510us-gaap:ConvertibleDebtSecuritiesMember2024-01-012024-06-300001913510us-gaap:FinancialInstrumentOtherMember2025-06-300001913510us-gaap:FinancialInstrumentOtherMember2024-12-310001913510us-gaap:DerivativeFinancialInstrumentsAssetsMember2024-12-310001913510us-gaap:FinancialInstrumentOtherMember2024-06-300001913510us-gaap:DerivativeFinancialInstrumentsAssetsMember2024-06-300001913510us-gaap:FinancialInstrumentOtherMember2023-12-310001913510us-gaap:DerivativeFinancialInstrumentsAssetsMember2023-12-310001913510us-gaap:DerivativeFinancialInstrumentsAssetsMember2025-01-012025-06-300001913510us-gaap:DerivativeFinancialInstrumentsAssetsMember2024-01-012024-06-300001913510vfs:StoredotLtdMember2025-06-300001913510vfs:DividendPreferenceSharesTwoMember2025-06-300001913510us-gaap:FairValueInputsLevel1Member2025-06-300001913510us-gaap:FairValueInputsLevel1Member2024-12-310001913510us-gaap:FairValueInputsLevel3Membervfs:DividendPreferenceSharesTwoMember2025-06-300001913510us-gaap:FairValueInputsLevel3Memberus-gaap:CrossCurrencyInterestRateContractMember2025-06-300001913510us-gaap:FairValueInputsLevel1Membervfs:WarrantLiabilityMember2025-06-300001913510vfs:WarrantLiabilityMember2025-06-300001913510vfs:DividendPreferenceSharesTwoMember2025-06-300001913510us-gaap:FairValueInputsLevel3Membervfs:DividendPreferenceSharesTwoMember2024-12-310001913510us-gaap:FairValueInputsLevel1Membervfs:WarrantLiabilityMember2024-12-310001913510vfs:WarrantLiabilityMember2024-12-310001913510vfs:DividendPreferenceSharesTwoMember2024-12-310001913510us-gaap:FairValueInputsLevel3Memberus-gaap:OtherInvestmentsMember2025-06-300001913510us-gaap:OtherInvestmentsMember2025-06-300001913510us-gaap:CrossCurrencyInterestRateContractMember2025-06-300001913510us-gaap:FairValueInputsLevel3Memberus-gaap:OtherInvestmentsMember2024-12-310001913510us-gaap:FairValueInputsLevel3Memberus-gaap:CrossCurrencyInterestRateContractMember2024-12-310001913510us-gaap:OtherInvestmentsMember2024-12-310001913510us-gaap:CrossCurrencyInterestRateContractMember2024-12-310001913510srt:MinimumMemberus-gaap:FairValueInputsLevel3Membervfs:CrossCurrencyInterestRateSwapContractOfLoanNo1Membervfs:MeasurementInputInterpolatedSofrForSubsequentYearsMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2025-06-300001913510srt:MinimumMemberus-gaap:FairValueInputsLevel3Memberus-gaap:OtherInvestmentsMemberus-gaap:MeasurementInputPriceVolatilityMemberus-gaap:ValuationTechniqueOptionPricingModelMember2025-06-300001913510srt:MaximumMemberus-gaap:FairValueInputsLevel3Membervfs:CrossCurrencyInterestRateSwapContractOfLoanNo1Membervfs:MeasurementInputInterpolatedSofrForSubsequentYearsMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2025-06-300001913510srt:MaximumMemberus-gaap:FairValueInputsLevel3Memberus-gaap:OtherInvestmentsMemberus-gaap:MeasurementInputPriceVolatilityMemberus-gaap:ValuationTechniqueOptionPricingModelMember2025-06-300001913510us-gaap:FairValueInputsLevel3Membervfs:DividendPreferenceSharesTwoMemberus-gaap:MeasurementInputPriceVolatilityMembervfs:BinomialOptionPricingModelLatticeModelAndAvailableMarketPriceMember2025-06-300001913510us-gaap:FairValueInputsLevel3Membervfs:DividendPreferenceSharesTwoMemberus-gaap:MeasurementInputCreditSpreadMembervfs:BinomialOptionPricingModelLatticeModelAndAvailableMarketPriceMember2025-06-300001913510us-gaap:FairValueInputsLevel3Memberus-gaap:OtherInvestmentsMemberus-gaap:MeasurementInputRiskFreeInterestRateMembervfs:ValuationTechniqueCombinationOfCalibrationMethodAndMarketComparableOptionPricingModelMember2025-06-300001913510srt:MinimumMemberus-gaap:FairValueInputsLevel3Memberus-gaap:OtherInvestmentsMemberus-gaap:MeasurementInputPriceVolatilityMemberus-gaap:ValuationTechniqueOptionPricingModelMember2024-12-310001913510srt:MaximumMemberus-gaap:FairValueInputsLevel3Memberus-gaap:OtherInvestmentsMemberus-gaap:MeasurementInputPriceVolatilityMemberus-gaap:ValuationTechniqueOptionPricingModelMember2024-12-310001913510us-gaap:FairValueInputsLevel3Membervfs:DividendPreferenceSharesTwoMemberus-gaap:MeasurementInputPriceVolatilityMembervfs:BinomialOptionPricingModelLatticeModelAndAvailableMarketPriceMember2024-12-310001913510us-gaap:FairValueInputsLevel3Membervfs:DividendPreferenceSharesTwoMemberus-gaap:MeasurementInputCreditSpreadMembervfs:BinomialOptionPricingModelLatticeModelAndAvailableMarketPriceMember2024-12-310001913510us-gaap:FairValueInputsLevel3Membervfs:CrossCurrencyInterestRateSwapContractOfLoanNo1Membervfs:MeasurementInputInterpolatedSofrForSubsequentYearsMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2024-12-310001913510us-gaap:FairValueInputsLevel3Memberus-gaap:OtherInvestmentsMemberus-gaap:MeasurementInputRiskFreeInterestRateMembervfs:ValuationTechniqueCombinationOfCalibrationMethodAndMarketComparableOptionPricingModelMember2024-12-310001913510currency:VNDsrt:MinimumMemberus-gaap:LoansPayableMember2025-06-300001913510currency:VNDsrt:MaximumMemberus-gaap:LoansPayableMember2025-06-300001913510currency:USDsrt:MinimumMemberus-gaap:LoansPayableMember2025-06-300001913510currency:USDsrt:MaximumMemberus-gaap:LoansPayableMember2025-06-300001913510currency:EURsrt:MinimumMemberus-gaap:LoansPayableMember2025-06-300001913510currency:EURsrt:MaximumMemberus-gaap:LoansPayableMember2025-06-300001913510srt:MinimumMembervfs:DomesticBondsBeingDueInJune2028Member2025-06-300001913510currency:INRus-gaap:LoansPayableMember2025-06-300001913510vfs:DomesticBondsBeingDueInSeptember2025Member2025-06-300001913510vfs:DomesticBondsBeingDueInOctober2029Member2025-06-300001913510vfs:DomesticBondsBeingDueInOctober2026Member2025-06-300001913510vfs:DomesticBondsBeingDueInMay2028Member2025-06-300001913510vfs:DomesticBondsBeingDueInDecember2026Member2025-06-300001913510vfs:VingroupJscMembervfs:ExchangeableBondsMember2025-01-012025-06-300001913510vfs:VingroupJscMembervfs:ExchangeableBondsMember2022-12-310001913510us-gaap:OperatingSegmentsMembervfs:EScooterSegmentMember2025-01-012025-06-300001913510us-gaap:OperatingSegmentsMembervfs:EBusSegmentMember2025-01-012025-06-300001913510us-gaap:OperatingSegmentsMembervfs:CarSegmentsMember2025-01-012025-06-300001913510us-gaap:OperatingSegmentsMembervfs:AutomobilesSegmentMember2025-01-012025-06-300001913510us-gaap:OperatingSegmentsMemberus-gaap:AllOtherSegmentsMember2025-01-012025-06-300001913510vfs:VehicleProductMember2025-01-012025-06-300001913510vfs:SparePartsComponentsAndOthersMember2025-01-012025-06-300001913510vfs:RenderingOfServicesMember2025-01-012025-06-300001913510vfs:MerchandiseProductMember2025-01-012025-06-300001913510vfs:LeasingActivitiesMember2025-01-012025-06-300001913510us-gaap:OperatingSegmentsMember2025-01-012025-06-300001913510us-gaap:OperatingSegmentsMembervfs:EScooterSegmentMember2024-01-012024-06-300001913510us-gaap:OperatingSegmentsMembervfs:EBusSegmentMember2024-01-012024-06-300001913510us-gaap:OperatingSegmentsMembervfs:CarSegmentsMember2024-01-012024-06-300001913510us-gaap:OperatingSegmentsMemberus-gaap:AllOtherSegmentsMember2024-01-012024-06-300001913510vfs:VehicleProductMember2024-01-012024-06-300001913510vfs:SparePartsComponentsAndOthersMember2024-01-012024-06-300001913510vfs:RenderingOfServicesMember2024-01-012024-06-300001913510vfs:MerchandiseProductMember2024-01-012024-06-300001913510vfs:LeasingActivitiesMember2024-01-012024-06-300001913510us-gaap:OperatingSegmentsMember2024-01-012024-06-300001913510us-gaap:CommonStockMember2025-06-300001913510us-gaap:CommonStockMember2024-12-310001913510us-gaap:CommonStockMember2024-06-300001913510us-gaap:CommonStockMember2023-12-3100019135102024-06-3000019135102023-12-310001913510us-gaap:FairValueInputsLevel3Member2025-06-300001913510us-gaap:FairValueInputsLevel3Member2024-12-310001913510vfs:DividendPreferenceShareMember2025-01-012025-06-300001913510us-gaap:WarrantMember2025-01-012025-06-3000019135102024-01-012024-06-300001913510us-gaap:OperatingSegmentsMembervfs:EScooterSegmentMember2025-06-300001913510us-gaap:OperatingSegmentsMembervfs:EBusSegmentMember2025-06-300001913510us-gaap:OperatingSegmentsMembervfs:CarSegmentsMember2025-06-300001913510us-gaap:OperatingSegmentsMembervfs:EScooterSegmentMember2024-06-300001913510us-gaap:OperatingSegmentsMembervfs:EBusSegmentMember2024-06-300001913510us-gaap:OperatingSegmentsMembervfs:CarSegmentsMember2024-06-3000019135102025-06-3000019135102024-12-31iso4217:VNDiso4217:USDxbrli:sharesiso4217:VNDxbrli:sharesxbrli:pureiso4217:USDxbrli:sharesiso4217:USDiso4217:VNDvfs:segmentvfs:item

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 September 2025

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

As set forth herein, VinFast Auto Ltd. (the “Company”) has announced its unaudited results for the six-month period ended June 30, 2025, which are included in Exhibit 99.1 hereto.

The Company is also providing certain business updates in Exhibit 99.2 hereto.

This Form 6-K shall be deemed to be incorporated by reference into the Company’s registration statement on Form S-8 (File No. 333-278251) and registration statement on Form F-3 (File No. 333-275133) (including any prospectuses forming a part of such registration statements) and to be a part thereof from the date on which this report is furnished, to the extent not superseded by documents or reports subsequently filed or furnished.

EXHIBIT INDEX

Exhibit

    

Description of Exhibit

99.1

  

Unaudited interim condensed consolidated financial statements as of June 30, 2025 and for the six months ended June 30, 2025

99.2

Company Business Update

101.INS

Inline XBRL Instance Document-this instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document

101.SCH

Inline XBRL Taxonomy Extension Schema Document

101.CAL

Inline XBRL Taxonomy Extension Calculation Linkbase Document

101.DEF

Inline XBRL Taxonomy Extension Definition Linkbase Document

101.LAB

Inline XBRL Taxonomy Extension Label Linkbase Document

101.PRE

Inline XBRL Taxonomy Extension Presentation Linkbase Document

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

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: September 30, 2025

By:

/s/ Le Thi Thu Thuy

Name:

Le Thi Thu Thuy

Title:

Chairwoman and Director

FAQ

What does VinFast Auto Ltd. (VFS) report in this Form 6-K?

VinFast Auto Ltd. reports its unaudited results for the six-month period ended June 30, 2025 and provides a separate business update. These are contained in Exhibits 99.1 and 99.2 attached to the Form 6-K.

Which financial statements does VinFast (VFS) include with this Form 6-K?

VinFast includes unaudited interim condensed consolidated financial statements as of June 30, 2025 and for the six months ended June 30, 2025. These are provided in Exhibit 99.1 attached to the Form 6-K.

What is contained in VinFast’s (VFS) business update with this filing?

VinFast provides a Company Business Update in Exhibit 99.2. While specific details are not in the excerpt, this exhibit is intended to share recent business developments alongside the interim financial statements.

How does this VinFast (VFS) Form 6-K affect its registration statements?

The Form 6-K is incorporated by reference into VinFast’s Form S-8 and Form F-3 registration statements. This means the interim financial statements and business update now form part of those registrations until later filings supersede them.

Who signed VinFast Auto Ltd.’s (VFS) September 2025 Form 6-K?

The Form 6-K was signed on behalf of VinFast Auto Ltd. by Le Thi Thu Thuy, who is identified as the company’s Chairwoman and Director. The signature date in the filing is September 30, 2025.

What XBRL information is included with VinFast’s (VFS) Form 6-K?

The filing includes inline XBRL-related exhibits such as the instance document, taxonomy schema, calculation, definition, label, and presentation linkbase documents, along with a cover page interactive data file embedded within the Inline XBRL document.
VinFast Auto

NASDAQ:VFS

View VFS Stock Overview

VFS Rankings

VFS Latest News

VFS Latest SEC Filings

VFS Stock Data

7.37B
50.38M
Auto Manufacturers
Consumer Cyclical
Link
Vietnam
Hai phong