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EV maker VinFast reports rise in quarterly revenue

Published Monday, June 8, 2026 · Updated June 9

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Vietnam's electric vehicle manufacturer VinFast reported a significant nearly 42% rise in its first-quarter revenue, reaching 23.11 trillion dong ($877.24 million). This growth was primarily fueled by robust demand for EVs across Southeast Asia, India, and Indonesia. However, despite the revenue increase, the company's net loss widened due to substantial investments in new factories and production expansion in these key markets.

What We Know — Key Points

  • Vietnam's EV maker VinFast reported a nearly 42% rise in its first-quarter revenue, reaching 23.11 trillion dong ($877.24 million).
  • The revenue increase was driven by strong electric vehicle demand in Southeast Asia, India, and Indonesia.
  • Despite the revenue rise, VinFast's net loss widened due to significant spending on new factories and production ramp-up in key markets.

What Is Claimed — Perspectives

  • Channel News AsiaCenter

    VinFast reported a nearly 42% rise in first-quarter revenue, reaching 23.11 trillion dong ($877.24 million), driven by strong electric vehicle demand in Southeast Asia, India, and Indonesia. Despite this revenue growth, the company's net loss widened due to significant spending on new factories and production ramp-up in these markets.

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