VinFast Q1 Revenue Jumps 41.7% as EV Deliveries Rise 61%
VFS•VinFast reported Q1 2026 revenue of VND23,111.1 billion (US$920.7 million), up 41.7% year-over-year driven by 58,577 EV deliveries (61% growth) and 143,136 e-scooter and e-bike units (219% growth). International markets accounted for 8% of EV deliveries and 447 showrooms supported its global retail expansion.
1. Q1 Financial and Delivery Highlights
VinFast recorded Q1 2026 revenue of VND23,111.1 billion (US$920.7 million), up 41.7% from Q1 2025, driven by 58,577 EV deliveries (61% year-over-year growth) and 143,136 e-scooter and e-bike units delivered (219% increase).
2. Market Rankings and International Growth
Domestic EV deliveries rose 53% year-over-year, solidifying VinFast as Vietnam’s leading OEM since September 2024, while international markets accounted for 8% of Q1 EV volumes. The company ranked #1 BEV brand in the Philippines, #4 in India and #8 in Indonesia.
3. Retail and After-Sales Network Expansion
By quarter-end VinFast operated 447 global showrooms and signed MOUs with 29 after-sales partners to establish EV service workshops. The company aims to expand its network to over 1,100 workshops across North America, Europe, the Middle East and Asia by year-end.
4. Autonomous Vehicle Technology Collaboration
VinFast, NVIDIA and Autobrains launched a strategic collaboration on June 1 to develop a next-generation Level 4 autonomous driving program for Southeast Asia, using NVIDIA DRIVE Hyperion hardware and software. This partnership targets deployment in complex traffic environments at more affordable costs.
