VinFast boosts sales in Q1 but still incurs high net loss

Another quarter, another ambivalent report from Vietnam’s leading electric vehicle (EV) manufacturer, VinFast. According to its Q1 2025 results, published on 9 June, the company delivered 36,330 cars—up almost 300% from the same quarter a year ago—as well as 44,904 e-scooters. This translated to revenues of VND 16.3bn (US$656.5m), up almost 150% year-on-year.