VinFast Auto Ltd. (VFS) is a Vietnamese multinational automotive company and a subsidiary of Vingroup, the largest private conglomerate in Vietnam. It was founded in 2017 and is headquartered in Haiphong, Vietnam, with its U.S. headquarters in Los Angeles, California. VinFast is the first Vietnamese car brand to expand into global markets and the first to produce electric vehicles (EVs) such as cars and scooters.

VinFast is committed to its mission of creating a green future for everyone. The company focuses on:

• Design and manufacture of electric vehicles (EVs), e-scooters, and e-buses
• Related battery lease and battery charging services
• Providing high-quality products, advanced smart services, and seamless customer experiences

VinFast has been expanding its presence in international markets, including:

• North America: The company plans to sell EVs in the U.S. and Canada. It is building a manufacturing facility in North Carolina, though the project has been delayed.
• Asia: VinFast is focusing on emerging BEV markets in Asia. It has entered the Philippine market, partnering with local companies to expand its service network and launching new models like the VF 3. The company has plans to invest in manufacturing plants in Indonesia and India.
• Europe: VinFast also intends to expand into Europe.
• Middle East: The company is exploring opportunities in the Middle East, signing agreements to support the EV transition in the region.

VinFast manufactures a range of electric vehicles, including:

• VF 3: A mini SUV designed for the Vietnam market, also launched in the Philippines.
• VF 5: A-segment (city car) SUV for the Vietnam market.
• VF 6: B-segment (sub-compact) SUV for the global market.
• VF 7: C-segment (compact) SUV for the global market.
• VF 8: D-segment (mid-size) SUV for the global market.
• VF 9: E-segment (full-size) SUV for the global market.
• VinFast Nerio Green: B-segment (subcompact) SUV for the Vietnam market, designed for ride-hailing services.
• VinFast Minio Green: Mini SUV specifically designed for ride-hailing services.
• VinFast Limo Green: Upcoming MPV specifically designed for ride-hailing services.
• VF Wild: Mid-size pickup truck concept for the global market, expected in 2026.
• VF e34: Compact crossover, first EV model made and sold in Vietnam.

VinFast produces several electric scooter models, including Klara, Ludo, Impes, Feliz, Vento, and Theon.

VinFast also manufactures low-floor electric city buses for VinBus, a privately operated non-profit bus route network service established by Vingroup.

VinFast operates a greenfield factory at Cat Hai Island, Hai Phong, Vietnam. The company is also building plants in Indonesia and India, and previously had plans for a plant in North Carolina, USA.

VinFast has received significant financial backing from its parent company, Vingroup, and its founder, Pham Nhat Vuong. Vingroup has committed to providing billions of dollars in funding to support VinFast's growth.

While VinFast has experienced revenue growth, it has also incurred substantial losses. The company is aiming to increase sales and reduce operating losses over time, with a goal to break even by 2026.

VinFast Auto went public on the Nasdaq exchange in August 2023. The stock price has experienced significant volatility since its debut.

VinFast is pursuing a multi-pronged market strategy:

• Focus on Southeast Asia: The company is prioritizing expansion in Southeast Asia, leveraging its proximity and the region's rising EV adoption.
• Partnerships: VinFast is actively partnering with other companies to expand its service network, charging infrastructure, and market reach.
• Pricing: VinFast is aiming to offer competitive pricing, potentially through battery leasing programs, to make EVs more accessible to a wider range of consumers.

• Competition: The EV market is highly competitive, with established players and emerging competitors.
• Financial Losses: VinFast continues to incur substantial financial losses, requiring ongoing funding and capital raising.
• Brand Awareness: As a relatively new brand, VinFast needs to build brand awareness and consumer confidence in international markets.
• Quality and Reliability: Early reviews of VinFast vehicles have pointed out quality and software issues, requiring the company to address these concerns to gain consumer trust.
• Building Infrastructure: The company needs to develop sufficient charging infrastructure to support EV adoption in its target markets.

• Growing EV Market: The global market for electric vehicles is growing rapidly, presenting a significant opportunity for VinFast.
• Government Support: Government policies and incentives promoting EV adoption can provide a boost to VinFast's sales.
• First-Mover Advantage: In some markets, VinFast has the opportunity to be an early entrant in the EV segment.
• Strong Backing: The strong financial backing from Vingroup provides VinFast with the resources to invest in its growth and overcome challenges.