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.

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.”