Overview
- The company posted a net loss of 24 trillion dong for the quarter and reported a gross margin of negative 56.2%, which it linked to higher warranty provisions and vehicle costs.
- Quarterly revenue rose nearly 47% year over year to 18.1 trillion dong on stronger demand in its home market.
- VinFast delivered 38,195 electric vehicles, up 74% year over year, with the VF 3 and VF 5 making up 47% of deliveries and the Green series contributing 25%.
- E-scooter and e-bike shipments jumped 535% to 120,052 units, following Hanoi’s plan to prohibit petrol motorbikes in the city center from mid-2026.
- The company signed $250 million in new loan facilities and said it held $478 million in cash with $3.7 billion in available liquidity after burning $444 million over nine months, while shares fell about 13% in U.S. trading as it pivots expansion toward Asian markets.