MOBILITY | VinFast Q1 revenue rises 42%, EV deliveries jump 61%
In Vietnam, EV deliveries increased 53% year over year. VinFast said it has maintained its position as the country’s top automotive original equipment manufacturer since September 2024.
VinFast Auto reported a 41.7% increase in first-quarter revenue and a 61% rise in electric vehicle (EV) deliveries, driven by growth in Vietnam and expanding sales in overseas markets, including the Philippines, India and Indonesia.
The Vietnamese automaker said it delivered 58,577 EVs in the quarter ended March 31, 2026, up from the same period a year earlier. International markets accounted for about 8% of total deliveries.
Revenue reached VND23.1 trillion ($920.7 million) during the quarter, supported by higher EV sales volumes in Vietnam and contributions from international markets.
In Vietnam, EV deliveries increased 53% year over year. VinFast said it has maintained its position as the country’s top automotive original equipment manufacturer since September 2024.
The company also delivered 143,136 electric scooters and e-bikes in the first quarter, up 219% from a year earlier. In March, VinFast reported receiving more than 135,000 e-scooter orders and shipping more than 93,000 units to dealers in Vietnam.
VinFast said it ranked as the leading battery electric vehicle brand in the Philippines at the end of the quarter. It also ranked fourth in India and eighth in Indonesia.
The company continued expanding its retail and after-sales operations, ending the quarter with 447 showrooms worldwide. VinFast recently signed memoranda of understanding with 29 after-sales partners and said it aims to expand its global service network to more than 1,100 workshops in 2026.
“VinFast has entered a new phase focused on disciplined execution, long-term sustainability, and scalable growth,” Chairman Pham Nhat Quan Anh said. “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.”
Chief Financial Officer Lan Anh Nguyen said the company remains focused on financial management, operational efficiency and capital deployment to support long-term growth.
Separately, VinFast announced a collaboration with NVIDIA and Autobrains to develop a Level 4 autonomous driving program for Southeast Asia using the NVIDIA DRIVE Hyperion platform. The initiative was announced during NVIDIA GTC Taipei at COMPUTEX 2026.
VinFast said it plans to continue expanding through dealership partnerships while strengthening manufacturing, assembly and distribution capabilities in markets where it operates.
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