VinFast Auto Ltd reported a 42% year-on-year increase in global sales revenue to VND 23,111.1 billion (US$ 921 million) in the first quarter of 2026, driven by a sharp rise in vehicle sales in Vietnam together with “contributions from overseas markets such as India, Indonesia and the Philippines.” The Vietnamese battery electric vehicle (BEV) manufacturer was impacted by a US$ 192 million revenue deduction relating to its free charging programmes.
VinFast confirmed that its first-quarter global BEV deliveries increased by 61% year-on-year to 58,577 units, with overseas markets accounting for approximately 8% of the total. The automaker also delivered 143,136 battery-powered scooters and motorbikes in the first quarter, representing a 219% increase year-on-year. The company said it had a total of 447 sales outlets in operation globally at the end of the quarter.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
VinFast reported a U$ 783 million EBITDA loss in the first quarter, down by almost 30% quarter-on-quarter, resulting in a negative net margin of almost 122%. At the end of the quarter, the company had total available liquidity of US$ 2.6 billion.
VinFast’s chairman, Pham Nhat Quan Anh, said in a statement: “VinFast has entered a new phase focused on disciplined execution, long-term sustainability, and scalable growth. As we continue expanding globally, we remain committed to strengthening our operational foundation, enhancing capital efficiency, and advancing our transition toward a more asset-light and resilient business model in Vietnam. We believe the long-term global shift toward electrification, supported by increasing focus on energy security and operating efficiency, continues to create meaningful opportunities for VinFast across our core markets.”
