The Vietnamese electric vehicle manufacturer VinFast Auto indicated that it expected around 170,000 deliveries in its domestic market last year, a preliminary figure that marks an almost doubling compared to the previous year.
This growth confirms VinFast's strong momentum in Vietnam, its main market, even as the group continues to face challenges in its international expansion. In North America and other foreign markets, the company is struggling to gain a foothold in the face of intense competition and slower consumer adoption of electric vehicles.
Listed in the United States, VinFast's stock fell by about 17% last year, after already losing more than half its value the previous year, amid persistent losses and uncertain prospects outside of Vietnam.
Last February, VinFast announced its goal of at least doubling its global electric vehicle deliveries by 2025. However, the bulk of its volume continues to come from the Vietnamese market, where the manufacturer benefits from strong brand recognition, a rapidly growing electric vehicle sector, and the support of its parent company. Vingroup.
VinFast has not released detailed figures regarding its international deliveries for 2025. This dependence on its domestic market illustrates the challenges faced by new players in the electric vehicle sector, including price pressure, still limited infrastructure and uneven demand across different regions of the world.
