VinFast delivered 34,855 electric vehicles in full year 2023, a 374% increase year on year.

Fourth quarter sales rose 35% to 13,513 vehicles.

Revenue rose 26% to US$437m in the fourth quarter of 2023 driven by higher sales volume and improved product mix.

Full year revenue was $1,198m, up 91%.

Gross loss was $174.9m in the fourth quarter and $551.6m for the full year.

Gross margin was negative (46%) in FY 2023, compared to negative (82%) in FY 2022. In the fourth quarter of 2023, gross margin reached negative (40.1%), compared to negative (82.6%) in the fourth quarter of 2022.

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