Earnings ·
VinFast reports Q2 revenue of $1.2B as EV deliveries rise 96% YoY to 70,085 units
VFSWWVinFast Auto Ltd.
VinFast Auto Ltd. reported unaudited second quarter 2026 financial results showing total revenues of VND30,340.9 billion (US$1,203.7 million), a 32.9% increase from the first quarter and an 85.5% increase year-over-year. EV deliveries reached 70,085 units, up 96% from the prior year period, while e-scooter and e-bike deliveries more than doubled to 286,039 units. The company posted a net loss of VND1,414.9 billion (US$56.1 million), primarily driven by a gross loss in continuing operations that widened due to revenue deferrals and costs associated with an extended free charging program. Additionally, VinFast completed the acquisition of Ngoc Hoi Real Estate Investment Joint Stock Company for approximately US$1.2 billion to diversify its earnings stream through real estate development. VinFast Auto Ltd. is a Vietnamese electric vehicle manufacturer that also produces e-scooters and e-bikes.