VinFast Announces 1Q25 Global Deliveries and Date for the Release of First Quarter 2025 Results
HANOI, VIETNAM - Media OutReach Newswire - 28 April 2025 - VinFast Auto Ltd. ("VinFast" or the "Company") today announced its preliminary vehicle deliveries for the first quarter of 2025. The Company delivered 36,330 electric vehicles ("EVs") globally in 1Q25, representing a 296% increase year-over-year.
Notably, VF 5 (A-segment SUV) deliveries grew 153% year-over-year and VF 6 (B-segment SUV) deliveries grew 453% year-over-year.
VF 3 (mini-SUV) and VF 5 accounted for 67% of total deliveries during the quarter, indicating strong market acceptance for VinFast's compact and agile urban vehicle lines.
VinFast also announced it delivered 44,904 e-scooters and e-bikes in 1Q25, representing a 473% increase year-over-year.
Madam Thuy Le, Chairwoman of VinFast, said: "Having established a resilient foundation for expansion in 2024, VinFast is poised for significant momentum moving into 2025. Our diverse range of electric vehicles provides us with the confidence to maintain steady growth, adapt effectively to evolving market demands and navigate macroeconomic fluctuations. The VF 3 and VF 5 continued their strong performance as key growth drivers in 1Q25, alongside the promising emergence of models like the VF 6. For 2025, VinFast is steadfast in our mission to spearhead the global adoption of green transportation through innovative, smart vehicles; alongside our efforts to maintain a leading market share in Vietnam and gradually achieve substantial international growth."
Vietnam remains a crucial driver of VinFast's delivery growth. Aligned with its commitment to leading the green transition in its home market, the Company has implemented compelling incentive programs and has officially started pre-orders for its "Green" vehicle lineup. This initiative is facilitated through a partnership with GSM and VinFast's extensive distribution network across the country.
Globally, VinFast is strategically expanding its presence in high-potential Asian markets. The Company has officially launched in India, introduced three models in Indonesia, and five models in the Philippines. Simultaneously, VinFast is actively expanding its network of dealer stores and service centers across these key markets.
Underpinning its commitment to meeting escalating demand for green mobility, VinFast is accelerating the development of its global manufacturing footprint. The Company anticipates the operationalization of new production facilities in Indonesia, India, and Ha Tinh (Vietnam) in line with its strategic global expansion roadmap.
The Company also announced that it will release its 1Q25 financial results before the market opens on June 9, 2025. On the same day, VinFast's management will hold a live webcast to discuss the Company's business performance and strategy. Details for the call are below:
What: VinFast Q1 2025 Financial Results and Q&A Webcast
When: Thursday, June 9, 2025
Time: 8:00 a.m. Eastern Standard Time
Live webcast: https://edge.media-server.com/mmc/p/adpow94b
A replay of the webcast will also be made available on the Company's website.
For additional information, please visit ir.vinfastauto.us.
Investor Relations Email: ir@vinfastauto.com
Media Relations Email: info@vinfastauto.com
Note: Preliminary delivery results are subject to change and may differ from the final number of deliveries that will be recognized as vehicle sales revenue for the period as a result of the year end audit.
Forward Looking Statements
Forward-looking statements contained herein, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1955. These statements include statements regarding our future results of operations and financial position, planned products and services, business strategy and plans, objectives of management for future operations of VinFast, market size and growth opportunities, competitive position and technological and market trends and involve known and unknown risks that are difficult to predict. As a result, our actual results, performance or achievements may differ materially from those expressed or implied by these forward-looking statements. In some cases, you can identify forward-looking statements because they contain words such as "may," "will," "shall," "should," "expects," "plans," "anticipates," "could," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential," "goal," "objective," "seeks," or "continue" or the negative of these words or other similar terms or expressions that concern our expectations, strategy, plans, or intentions. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: (i) the risk associated with being a growth-stage company in the EV industry; (ii) the unavailability, reduction or elimination of government and economic incentives or government policies that are favorable for EV manufacturers and buyers; (iii) Significant changes or developments in U.S. laws or policies, including changes in U.S. trade policies and tariffs and the reaction of other countries; (iv) the Company's ability to adequately control the costs associated with its operations; (v) the risks of the Company's brand, reputation, public credibility, and consumer confidence in its business being harmed by negative publicity; (vi) competition in the automotive industry; (vii) the ability of the Company to obtain components and raw materials according to schedule at acceptable prices, quality, and volumes from its suppliers;(viii) the demand for, and consumers' willingness to adopt, EVs; (ix) the availability and accessibility of EV charging stations or related infrastructure; (x) failure to remediate the Company's material weaknesses and produce timely and accurate financial statements; (xi) the ability of the Company to achieve profitability, positive cash flows from operating activities, and a net working capital surplus; (xii) the Company's ability to obtain commercially reasonable capital to support its business growth; (xiii) the risk of future restatements to the Company's Financial Statements; (xiv) the Company's reliance on financial and other support from Vingroup and its affiliates and the close association between the Company and Vingroup and its affiliates; (xv) the Company's reliance on its affiliates for its EV deliveries; (xvi) the ability of the Company's controlling shareholder to control and exert significant influence on the Company; and (xvii) other risks discussed in our reports filed or furnished to the SEC.
All forward-looking statements attributable to us or people acting on our behalf are expressly qualified in their entirety by the cautionary statements set forth above. You are cautioned not to place undue reliance on any forward-looking statements, which are made only as of the date hereof. VinFast does not undertake or assume any obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions, or changes in other factors affecting forward-looking statements, except to the extent required by applicable law. If VinFast updates one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those or other forward-looking statements. The inclusion of any statement herein does not constitute an admission by VinFast or any other person that the events or circumstances described in such statement are material. Undue reliance should not be placed upon the forward-looking statements.
Hashtag: #VinFast
https://vinfastauto.us/
The issuer is solely responsible for the content of this announcement.
About VinFast
VinFast – a subsidiary of Vingroup JSC – is Vietnam's leading automotive manufacturer committed to its mission of creating a green future for everyone. VinFast manufactures a portfolio of electric SUVs, e-scooters and e-buses in Vietnam and exports to the United States and Europe. Learn more at www.vinfastauto.us.
VinFast deliveries represent only one measure of the company's financial performance and should not be relied on as an indicator of quarterly financial results, which depend on a variety of factors, including the average selling price and various cost components.
VinFast
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Middle East Eye
6 hours ago
- Middle East Eye
Arab states received 12 percent of Israeli arms exports in 2024 amid surge in arms sales
Israel's Ministry of Defence announced on Wednesday that arms exports by Israeli companies reached an all-time high in 2024, totalling $14.8bn. 'The unprecedented operational achievements, combined with the combat experience gained through Israeli-developed technologies during the war, have generated significant demand for Israeli defence systems among numerous countries,' the ministry stated, attributing the surge in exports to the ongoing military offensive on Gaza, which began in October 2023. According to TheMarker, arms exports rose by 13 percent compared to 2023, when exports stood at $13.1 billion. The 2024 figure represents roughly 10 percent of Israel's total exports of goods and services, according to data published by the outlet. This marks a record year for Israeli arms exports, which have more than doubled over the past five years; in 2019, total exports amounted to $7.3bn. Europe emerged as the primary destination for Israeli arms, accounting for 54 percent of total purchases – up nearly 20 percentage points from 2023, when European countries made up 35 percent of Israel's arms export market. New MEE newsletter: Jerusalem Dispatch Sign up to get the latest insights and analysis on Israel-Palestine, alongside Turkey Unpacked and other MEE newsletters In 2024, European states bought nearly $8bn worth of Israeli military products, compared to $4.6bn in 2023, according to the Ministry of Defence. Beyond Europe, another significant destination for Israeli arms in 2024 was the group of countries that normalised relations with Israel under the Abraham Accords. Combined arms sales to the United Arab Emirates, Bahrain, Morocco and Sudan reached $1.8bn – equivalent to 12 percent of Israel's total arms exports. In contrast, there has been a marked decline in exports to Asian and Latin American countries. In 2024, Asian nations purchased $3.4bn worth of Israeli weapons, down from $6.3bn the previous year. According to TheMarker, the drop is attributed to major arms deals signed in 2023 with India and Azerbaijan that were not repeated in 2024. The surge in arms exports comes amid Israel's ongoing military campaign in Gaza, now approaching its 20th month, which has resulted in the deaths of over 54,000 Palestinians and destroyed most of the Palestinian enclave. In recent months, Israel has faced mounting international criticism – particularly from European partners – over Gaza, including allegations of using starvation as a weapon of war and of committing genocide. Israel opposition leader says Netanyahu arming 'equivalent of Isis' gangs in Gaza Read More » A recent survey conducted in the UK found that a majority of the British public supports a full arms embargo on Israel. According to the poll, 57 percent of respondents backed a government-imposed embargo, while only 13 percent were opposed. On Tuesday, it was reported that the Spanish government had cancelled a $327m arms deal with Israeli defence company Rafael. The contract involved the purchase of offensive weaponry, including 168 firing posts and 1,680 anti-tank missiles. Yair Coles, head of the International Defense Cooperation Directorate, the Ministry of Defence division overseeing Israeli arms exports, told Israeli news outlet Ynet: 'We are facing a serious challenge. Members of parliament are openly calling for a halt to arms purchases from Israel because of the images coming out of Gaza, and this is having an effect. Today, customers are telling us this directly.' Coles added: 'Sales to France and the UK are very low. Two forces are currently at work: military establishments that want to buy the best equipment from us, and political forces holding back. I hope that necessity will prevail over politics.' A national achievement According to defence ministry data, nearly half (48 percent) of Israel's arms exports consist of air defence systems, missiles and rockets. Other categories, including military and armoured vehicles, radar systems, manned aircraft and satellites, each account for between 8 and 9 percent of total exports. Israeli human rights lawyer and arms trade monitor Eitay Mack told TheMarker that Israeli arms exports could rise further in 2025. 'Due to escalating tensions between India and Pakistan, we may see a spike in arms deals with India,' Mack said. 'Additionally, the effects of the increased security budgets in Europe – driven by shifting relations with the United States – will likely be felt only in 2025.' 'The world sees Israel's strength and wants to be part of it' - Israel Katz, Defence Minister However, Mack cautioned that some countries may shift away from Israeli weapons in favour of American arms as part of efforts to improve trade balances with the United States. 'In the context of the tariff war declared by [US President Donald] Trump, some countries may prefer to buy from the US rather than from Israel,' he added. Defence Minister Israel Katz praised the export figures, calling them a national achievement. 'In a year of war, under complex and difficult conditions, Israel has broken its all-time arms export record,' Katz said. He attributed the success to Israel's battlefield performance: 'This is a direct result of the IDF's and defence industries' achievements against Hamas in Gaza, Hezbollah in Lebanon, the Houthis in Yemen, the Ayatollahs' regime in Iran, and other enemies.' Katz added, 'The world sees Israel's strength and wants to be part of it.' Defence Ministry Director General Amir Baram echoed the sentiment. 'Israeli arms exports reflect, more than anything, a growing global appreciation for Israeli technology. Our systems have made a resounding impact across the Middle East over the past year,' he said. Coles also credited the collaboration between the defence sector and the military. 'The unique link between Israeli arms companies, the Ministry of Defence, and the IDF creates a distinct competitive edge in global markets,' he said. According to Coles, during the war in Gaza, Israel's defence industries demonstrated that they could 'meet the IDF's operational needs while simultaneously responding to growing international demand'.
Arabian Post
12 hours ago
- Arabian Post
OPPO Licenses Cellular Standard-Essential Patents to Volkswagen Group for Connected Vehicles
SHENZHEN, CHINA – Media OutReach Newswire – 5 June 2025 – Leading smart device company OPPO today announced the signing of a global patent licensing agreement with Volkswagen Aktiengesellschaft (hereafter referred to as Volkswagen) to license OPPO's cellular standard-essential patents portfolio to the group, including 5G. Under the agreement, OPPO's cellular standard-essential patents will be licensed to Volkswagen to enhance user experiences for its connected vehicle offerings across its global product lineup. 'We are delighted to collaborate with Volkswagen through this patent licensing agreement,' said Vincent Lin, Head of Patent Licensing at OPPO. 'Volkswagen IP team's hard work and foresights in recognizing the value of this cooperation are highly appreciated. This partnership is further recognition of OPPO's leadership in cellular technology innovation and our commitment to creating a long-term, healthy and sustainable intellectual property ecosystem that empowers long-term innovation and industry growth.' 'The partnership with OPPO is an example of efficient, respectful, business focused collaboration in the space of licensing of Standard Essential Patents,' said Robin Cefai, Chief IP Licensing Officer at Volkswagen. It illustrates Volkswagen's willingness to recognize the value of IP and find sustainable solutions for all parties. ADVERTISEMENT Marking OPPO's first ever bilateral patent licensing agreement with a connected-car company, the collaboration reflects the broader adaption of OPPO's cellular standard-essential technologies beyond smartphones, especially in the automotive sector. OPPO's 5G SEPs are currently distributed in over 40 countries and regions globally, and according to LexisNexis® IPlytics, a leading patent analytics platform, OPPO ranked eighth globally in overall 5G patent strength as of January 2025. As of March 2025, OPPO has filed over 113,000 patent applications and holds more than 62,000 granted patents globally. OPPO continues to invest in core technology areas including 5G/6G, artificial intelligence, charging, imaging, and video, reinforcing its position as a global leader in innovation and high-value intellectual property. Hashtag: #OPPO #Business The issuer is solely responsible for the content of this announcement. About OPPO OPPO is a leading global smart device brand. Since the launch of its first mobile phone – 'Smiley Face' – in 2008, OPPO has been in relentless pursuit of the perfect synergy of aesthetic satisfaction and innovative technology. Today, OPPO provides a wide range of smart devices spearheaded by the Find and Reno series. Beyond devices, OPPO also provides its users with ColorOS operating system and internet services. OPPO has footprints in more than 70 countries and regions, with more than 40,000 employees dedicated to creating a better life for customers around the world.
Arabian Post
12 hours ago
- Arabian Post
National Youth Council, KPMG in Singapore and Institute of Public Relations of Singapore (IPRS) co-design youth action programme for youths to drive social sustainability projects with industry mentor
Launch of Gen2050, a structured accelerated programme to drive youth action in the area of social sustainability with an engagement series on key social issues Avails opportunities for youths from all backgrounds to start ground-up initiatives with the support of industry mentors and subject matter experts Provides youths with critical skillsets such as stakeholder management and seed funding to advance innovative ideas SINGAPORE – Media OutReach Newswire – 5 June 2025 – The National Youth Council (NYC), KPMG in Singapore and Institute of Public Relations of Singapore (IPRS) today unveiled a youth action programme, Gen2050, to nurture youths' ability in tackling pressing societal challenges. The tripartite collaboration aims to bring together expertise and support of the public, private and non-profit sector in the areas of youth engagement, industry perspectives and mentorship. Two-prong programme to enable youths to drive meaningful change As part of commemorating SG60, Gen2050 seeks to equip more than 1,000 youths with practical skills to influence, mobilise and drive meaningful change. The programme aims to reach out to youths of all backgrounds, including students with disadvantaged backgrounds, to provide easy access to critical skills and competencies including social entrepreneurship, problem solving, stakeholder management, and knowledge to develop impactful and scalable solutions. ADVERTISEMENT Gen2050 offers two tracks – a structured programme with four key modules led by industry experts who will share insights to help participants develop and refine their ideas, and receive funding and mentorship to pilot them. The mentorship process also allows students to be plugged into professional networks where they get to discover potential career paths. Following the programme, selected participants of this track may be considered for national youth leadership programmes. The second track features a curated series of youth engagements that offer youths the opportunity to directly engage with policymakers, industry leaders, and peers to discuss critical societal issues like the impact of artificial intelligence on jobs, equitable access to digital skills and mental wellness. These insights from these engagements will support the development of the SG Youth Plan, a five-year action plan that holds the hopes and aspirations of young Singaporeans for themselves and for Singapore, and outlines how youth, supported with opportunities, platforms, and resources, can take action to do good for Singapore with the support from the rest of society. Gen2050 demonstrates how public-private collaboration amplifies youth-driven impact. NYC brings its expertise in youth engagement and understanding of the youth landscape, KPMG supports programme implementation with industry insights and its Leaders 2050 network of young professionals focused on driving positive impact. IPRS equips youths with strategic communication skills to augment the impact of their solutions. 'This tripartite collaboration demonstrates how the whole of society, and not just government, can collaborate as a collective to give our young people opportunities to learn, grow and drive impact at the same time,' said David Chua, Chief Executive Officer of NYC. 'And if they do not succeed in implementing their ideas, they will still gain invaluable lessons, connections and insights that will shore up their confidence. We also aim to give youths with less access the opportunity to go through this programme.' 'Young people have the passion and energy to address the pressing challenges of our time, from social sustainability to climate change,' said Lee Sze Yeng, Managing Partner, KPMG in Singapore. 'Channelling that restlessness into collaborative movements that drive meaningful progress is not straightforward. At KPMG, our experience with global youth programmes gives us a deep understanding of our next generation talents' challenges and potential. Through Gen2050, we are dedicated to equipping youth with the guidance, skills and networks they need to transform their aspirations into impactful, lasting change.' ADVERTISEMENT Ross Gan, President of IPRS, said, 'Great ideas often make their biggest impact when they are clearly and authentically communicated in a manner that rallies others to the vision. At IPRS, one of our focus areas is on equipping youth and participants with practical strategies and skills to sharpen their messaging, build credibility, and drive action, ensuring their go-to-market solutions translate into real-world, measurable outcomes.' For more details about Gen2050's structured accelerated programme and youth dialogues, please see: Hashtag: #KPMG The issuer is solely responsible for the content of this announcement. About KPMG KPMG in Singapore is part of a global organisation of independent professional services firms providing Audit, Tax and Advisory services. We operate in 142 countries and territories with more than 275,000 partners and employees working in member firms around the world. Each KPMG firm is a legally distinct and separate entity and describes itself as such. KPMG International Limited is a private English company limited by guarantee. KPMG International Limited and its related entities do not provide services to clients. For more detail about our structure, please visit For more information, visit LinkedIn: About the National Youth Council At NYC, we believe in a world where young people are respected and heard and have the ability to influence and make a difference in the world. Together with our partners, we develop future-ready youth who are committed to Singapore by instilling in them a heart for service, resilience and an enterprising spirit. About the Institute of Public Relations of Singapore Established in 1970 as a non-profit organisation, IPRS is the only accrediting body for Public Relations (PR) practitioners in Singapore. The Institute promotes excellence in the industry through knowledge exchange platforms and training programmes that are aligned with the many changes and developments in the practice of PR and Communications today. IPRS has a growing membership consisting of professionals from diverse backgrounds in public relations, journalism, advertising, marketing, education, and management – a factor that has contributed to the Institute's strength and dynamism. There are 10 Student Chapters with various tertiary institutions to create opportunities for communications students and IPRS members to share expertise and experiences. The IPRS introduced the Biennial PRISM Awards (Public Relations In the Service of Mankind) in 1987 to recognise and reward excellence in PR and Communications in Singapore and the region. About the SG Youth Plan SG60 is about Building Singapore Together, and how each of us can contribute to a Singapore that we will proudly call home. NYC and its partners are organising a year-long series of engagements for youths to connect with others who are just as passionate about making a difference and taking action to build our shared future. The engagements will culminate in an SG Youth Plan – a five-year action plan created by youths, for youths, and supported by all of us, so that we collectively do our part for Singapore and fellow Singaporeans. The SG Youth Plan will hold the hopes and aspirations of young Singaporeans for themselves and for Singapore, and outlines how youth, supported with opportunities, platforms, and resources, can take action to do good for Singapore, and details ideas for how every part of society can play a part in empowering youths to be the best versions of themselves.
