Vietnamese battery electric vehicle (BEV) manufacturer VinFast Auto Ltd reported a 47% increase in global revenues to VND 18,100.2 billion (US$ 719 million) in the third quarter of 2025. Compared with the second quarter, revenues increased by just under 9%.
The Nasdaq-listed automaker said it delivered 38,195 BEVs globally in the third quarter of 2025, representing an increase of 74% year-over-year and 7% quarter-over-quarter. Deliveries in the first nine months of 2025 rose by 149% to 110,362 units.
VinFast had previously announced that it had delivered a total of 103,884 units in Vietnam in the nine-month period, equivalent to over 94% of its global sales, driven by strong demand for its VF3 and VF5 models. The company also reported a 489% increase in global deliveries of its e-scooters and e-bikes to 234,536 units year-to-date.
VinFast’s chairwoman, Thuy Le,said in a statement: “This quarter, VinFast became the first automobile brand to surpass 100,000 vehicles sold in Vietnam within the first three quarters of a single year, following thirteen consecutive months as the nation’s best-selling carmaker. Our sustained market leadership at home, combined with continued progress across Asia, including being ranked among the top eight for EV registrations in India in October 2025 and among the top 5 BEV brands in Indonesia for the first nine months of 2025, demonstrates the growing strength of our brand and the effectiveness of our regional expansion strategy.”
Ms. Lan Anh Nguyen, VinFast’s Chief Financial Officer, added: “We enter the fourth quarter with a robust order backlog, providing clear visibility into near-term performance and reinforcing our confidence in continued growth.” The company has set a target of “at least doubling” its global vehicle deliveries in 2025, up from 97,399 units in 2024.
