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VinFast Auto Ltd. reported strong top-line growth but continued heavy losses in its preliminary, unaudited fourth quarter and full-year 2025 results. Fourth quarter 2025 revenues reached VND39,411,708 million (US$1,568.9 million), up 117.7% quarter-over-quarter and 138.9% year-over-year, driven by vehicle sales and higher deliveries.
EV deliveries rose to 86,557 units in the quarter, while full-year 2025 vehicle sales revenue more than doubled to VND84,810,118 million, with total revenues up 105.4% to VND90,427,611 million. Despite this scale, VinFast posted a fourth quarter net loss of VND35,199,269 million and a full-year net loss of VND97,245,734 million, and remained in a significant accumulated loss position. Management highlighted scale and unit cost optimization as key levers on the path to profitability and plans further global expansion and capacity investment.
VinFast Auto Ltd. reported preliminary deliveries of 9,903 electric vehicles in February 2026 in Vietnam, a strong result during the Lunar New Year period. Over the first two months of 2026, VinFast delivered a preliminary total of 26,075 EVs domestically.
In February, the VF 3 led with 2,274 vehicles delivered, followed by the Limo Green with 1,808, VF 5 with 1,601, MPV 7 with 1,165 in its first month, VF 6 with 1,042 and VF 7 with 807. For the two-month period, Limo Green and VF 3 were the top models with 5,676 and 5,459 vehicles delivered, highlighting VinFast’s stated leadership in Vietnam’s EV market.
VinFast Auto Ltd. reported preliminary domestic Vietnam deliveries of 16,172 electric vehicles in January 2026, a record level and a 55% increase from the same month a year earlier. The Limo Green led with 3,868 vehicles delivered, followed by the VF 3 with 3,185 and the VF 5 with 2,737. The VF 6 and VF 7 reached 2,485 and 975 deliveries, while new models Minio Green and EC Van delivered 1,237 and 865 vehicles.
To celebrate Lunar New Year 2026, VinFast introduced a complimentary charging program in Vietnam. Customers buying EVs on or after February 10, 2026 receive free charging at V-Green stations until February 10, 2029, and earlier buyers receive free charging until three years after their delivery date, in each case up to 10 charging sessions per vehicle per month. The company noted these delivery figures are preliminary and may change after audit.
VinFast Auto Ltd. issued a business update outlining its 2026 volume goals and its upcoming earnings timetable. After exceeding its 2025 delivery target, the company set a global delivery target of 300,000 electric vehicles for full-year 2026, reflecting expected momentum in Asian markets such as Vietnam, Indonesia, India, and the Philippines, supported by new models and an expanding distribution network.
For its two-wheeler segment, VinFast aims for 2026 deliveries to be at least 2.5 times its 2025 level. The company plans to release its fourth-quarter 2025 and full-year 2025 financial results before market opens on March 16, 2026, followed by a live webcast where management will discuss performance and strategy.
VinFast Auto Ltd. reported strong preliminary delivery growth for 4Q25 and full year 2025. The company delivered 86,557 electric vehicles in 4Q25, up 127% quarter-over-quarter and 63% year-over-year. For 2025, VinFast delivered 196,919 EVs, a 102% increase from 2024 deliveries of 97,399, exceeding management’s guidance of at least doubling 2024 volumes.
VinFast also expanded its two-wheeler business, delivering 171,962 e-scooters and e-bikes in 4Q25, up 43% sequentially and 452% year-over-year. Full-year 2025 e-scooter and e-bike deliveries reached 406,498, a 473% increase year-over-year. The company notes these delivery figures are preliminary and may change after the year-end audit, and that deliveries are only one measure of performance and do not directly indicate revenue or profit.
VinFast Auto Ltd. reported preliminary domestic Vietnam deliveries of 406,453 electric scooters in 2025, about 5.7 times its 2024 domestic deliveries. Management attributes this surge to a broad e-scooter lineup aimed at different customer segments and says it reinforces VinFast’s leading position in the country’s electric two-wheeler market. The Evo series was the standout, with 253,178 Evo models delivered, making it the company’s best-selling e-scooter line. These figures are preliminary and may change after the year-end audit, and the company notes that deliveries are only one measure of performance and do not, by themselves, indicate quarterly financial results.