VinFast targets Vietnam break-even by 2027, global profit to follow
VinFast Auto expects to reach break-even in its domestic Vietnamese market by 2027, with global profitability anticipated shortly after, according to deputy CEO Anne Pham speaking at the Bloomberg Sustainable Business Summit. The Vietnamese EV maker's new VF 2 model, priced at about $7,145 including battery, drew 29,000 orders within three days of its July launch. VinFast delivered 115,916 vehicles in Vietnam in H1 2026, up 72% year-on-year, and aims for at least 300,000 global EV deliveries in 2026, up from roughly 200,000 in 2025. However, the company posted a net loss of VND28.1tn in Q1, widening 58.9% due to international expansion costs. VinFast faces a legal dispute over its proposed North Carolina factory after the state filed a lawsuit alleging breach of agreements. The company has established factories in India and Indonesia and is expanding into Kazakhstan and the Philippines. Shareholders approved transferring Vietnamese factories to a separate entity to reduce debt, expected to generate VND13.3tn.
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