VinFast delivered 196,919 EVs in 2025, doubling 2024 sales and boosting global market share. Read the full financial and market breakdown now.
Vietnamese automaker VinFast announced its strongest financial quarter ever for Q4 2025 and posted record‑breaking vehicle deliveries for the full year. The company shipped 196,919 electric cars in 2025 – a 102% jump from 2024 – and expanded its footprint across key Asian markets.
Electric‑car deliveries hit new highs
In the fourth quarter alone, VinFast delivered 86,557 EVs, up 127% from the previous quarter and 63% year‑on‑year. Green‑branded models and the EC Van accounted for roughly half of those shipments. International markets contributed about 18% of the quarterly total, underscoring the brand’s growing export momentum.
Two‑wheelers and e‑bikes surge
The two‑wheeler segment was a major growth driver. VinFast handed over 171,962 electric motorcycles and e‑bikes in Q4 2025, a 43% rise versus Q3 and a staggering 452% increase compared with Q4 2024. For the entire year, the company delivered 406,498 electric two‑wheelers, up 473% from 2024.
Revenue and profitability improvements
Q4 2025 revenue reached VND 39.412 billion (≈USD 1.569 billion), a 138.9% rise over the same period last year and 117.7% higher than Q3 2025. Annual revenue climbed to VND 90.428 billion (≈USD 3.600 billion), up 105.4% YoY.
Gross margin also showed a clear turnaround. The quarter’s gross margin improved to –39.9%, a significant upgrade from –79.1% in Q4 2024 and –56.2% in Q3 2025. Full‑year gross margin settled at –42.5%, better than the –57.4% recorded in 2024, reflecting economies of scale and cost‑structure optimisation.
Market share gains in Vietnam and Asia
Domestically, VinFast captured an estimated 36% share of Vietnam’s EV market in 2025, a 22‑point rise over 2024. The brand continued to push into high‑potential Asian markets:
- India: After launching sales in September 2025, VinFast leapt from 8th place in October to 4th by December, maintaining the position through February 2026.
- Indonesia: According to GA‑IKINDO, VinFast finished 2025 as the third‑largest pure‑electric brand in the country.
- Philippines: Data from CAMPI shows VinFast ranking second among electric vehicle brands at year‑end.
Looking ahead
VinFast’s 2025 performance demonstrates that its aggressive scaling strategy and diversified product portfolio are paying off. With continued expansion in Southeast Asia and a solid foothold in India, the manufacturer is poised to challenge established EV players on the global stage.
Investors and industry watchers will be keen to see how VinFast leverages its momentum into 2026, especially as it ramps up production capacity and rolls out new models across both two‑ and four‑wheel segments.