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NASDAQ · MOTOR VEHICLES & PASSENGER CAR BODIES · MID CAP

VinFast Auto Ltd. VFS

4 fiscal years on record · VND · FY2024 reported · SEC filings only
VND 44.0T
▲ 57.9% YoY
VND -77.3T
VND -47.2T

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

VinFast Auto Ltd. designs and manufactures EVs, e-scooters, and electric buses. Its EV product line consists of a range of fully-electric mini- through E-segment SUVs and multi-purpose vehicles (MPVs), the first of which began production in December 2021. It delivered 420,889 four-wheeled vehicles, including 86,051 ICE vehicles and 334,838 EVs, and 709,775 two-wheeled vehicles, including 705,819 e-scooters and 3,956 electric bikes, from inception through December 31, 2025. It manufactures its vehicles with four manufacturing facilities across Vietnam, Indonesia, and India, having a combined maximum capacity of approximately 600,000 EVs per year. It currently markets its EVs under three distinct brands: VF, Green, and Lac Hong. The Company was incorporated in Singapore on January 19, 2015, as Fiscus Consultancy Pte. Ltd., a private limited company under the Companies Act 1967 of Singapore.

Written from the business description in VinFast Auto Ltd.'s annual report to the U.S. Securities and Exchange Commission, filed 30 April 2026. Every sentence was checked against that document before publication.

Growth

VND 44.02T
Revenue, FY2024 · full 4-year series below
Revenue VND T Net income VND T
FY2024 · Revenue 44.0 · Net income -77.3
20T40T-30T-60T
20212024
Compound annual growth
+40.0%
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

−176 cents
lost on every revenue dollar
Operating margin Net margin
FY2024 · Operating -125.9% · Net -175.7%
-100%-200%-300%
202120222024
ROE

No chart to show — the reason differs by year; see each year in the table below.

Three returns, three denominators.
Return on equityNot applicable: equity was zero or negative in this period, so return on equity has no meaning.
Return on capital employedNot applicable: capital employed was zero or negative in this period, so return on capital employed has no meaning.
Gross margin-57.4%
Operating margin-125.9%
Net margin-175.7%
EBITDAVND -45.91T

Cash & shareholders

·
returned in FY2024 · dividends + net buybacks
Free cash flow VND T
FY2024 · FCF -47.2
-30T-60T
202120222024
Net buybacks VND B Dividends VND B
FY2021 · Dividends 499.0 · Net buybacks ·
200B400B
2021

Total assetsVND 155.97T
EquityVND -164.71T
CashVND 3.31T
Gross debtVND 61.99T
Net debtVND 58.68T
Current ratio0.38×

Equity was zero or negative — liabilities equaled or exceeded assets. No ratio is shown.

The 4-year record

4 fiscal years
Every figure from documents filed with the SEC · VND

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
VFS, 4-year financial record
Metric 2024202320222021
Revenue VND B44019.027883.813927.716028.2
Operating income VND B−55399.2−41970.7−44556.2−27067.4
EBITDA VND B−45905.6−35462.7−40511.6−23086.0
Income tax VND B−29.776.91062.3209.2
Net income VND B−77265.4−60168.1−52887.8−32183.7
Free cash flow VND B−47157.8−74798.6−71205.4−34977.0
EPS, diluted VND −33042.00−26038.00−23005.00−20386.00
Dividend / sh VND ◌◌◌◌
Payout %———−2
ROE %———◌
Shares out B2.342.342.30◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

Other companies filing in the same sector

Provenance

Company facts, as filed

How we verify · 0 failures in 18 reconciliationsAUDITED

Reconciled in 4 of the 4 fiscal years we could check. 30 checks were skipped: the balance sheet is not tagged before 2022. 14 checks were skipped: EPS is not tagged before 2021. 14 checks were skipped: revenue is not tagged before 2021.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityMotor Vehicles & Passenger Car Bodies
Listed onNASDAQ
Incorporated inoutside the United States — SEC code U0
Fiscal year endsDecember 31
Data on record since2021

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