Skip to content
MARKETS / NASDAQ / VFS
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
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-40T2021202220232024
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%2021202220232024
ROE

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

Cash & shareholders
returned in FY2024 · dividends + net buybacks
Free cash flow VND T
FY2024 · FCF -47.2
-25.0T-50.0T2021202220232024
Net buybacks VND B Dividends VND B
FY2021 · Dividends 499.0 · Net buybacks —
200B400B2021

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

Equity was negative — liabilities 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
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 · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 18 reconciliationsAUDITED

Reconciled in 4 of 19 fiscal years. 77 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityMotor Vehicles & Passenger Car Bodies
Listed onNASDAQ
Incorporated inoutside the United States — SEC code U0
Fiscal year endsDecember 31
Data on record since2021

Share this section

Download image