Aiming to double vehicle deliveries this year, VinFast is focusing on key markets including Vietnam, Indonesia, the Philippines, India, North America, and Europe, while also exploring new opportunities in the Middle East and Africa.
Hanoi (VNA) – Vietnamese electric vehicle (EV) manufacturer VinFast reported a remarkable performance for the first quarter of 2025, with revenue soaring nearly 150% year-on-year and electric vehicle deliveries surpassing the total figure for the first half of the previous year.
According to VinFast, in the context of a volatile global automotive market and a typically quiet first quarter, it delivered a total of 36,330 electric cars, an increase of 296% compared to the same period in 2024 and exceeding the total number of vehicles delivered in the first half of last year. The company also handed over 44,904 electric scooters and bicycles, marking a 473% year-on-year growth.
In Q1, the carmaker recorded total revenue of 16.306 trillion VND (656.5 million USD), up 149.9% year-on-year. However, the company also reported a gross loss of nearly 5.74 trillion VND and a net loss of 17.69 trillion VND for the period.
As of the end of April, VinFast had established a network of 388 stores worldwide, comprising both direct-to-consumer showrooms and authorised dealership systems.
Le Thi Thu Thuy, Chairwoman of VinFast, said: "We are beginning to see improved operating leverage as volume growth and a streamlined footprint translate into a more efficient cost structure. Looking ahead, our next-generation EV platform and E/E architecture is intended to further BOM cost optimisation, enhancing product quality, performance, and affordability across our lineup."
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VinFast is making steady progress in its journey to become the national EV brand for everyone, thanks to its diverse product lineup tailored to different customer groups and usage needs.
Four Philippine partners will operate official VinFast service centres offering maintenance, repairs, and customer care for EVs in line with the company’s global standards.
This marks a significant milestone in VinFast's strategy to accelerate its sales model through dealerships globally, while reaffirming the company's strong commitment to driving green transition in Europe.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
