About VinFast
No carmaker of recent memory has grown up as fast, or as publicly, as VinFast. Founded in 2017 as the automotive arm of Vingroup, Vietnam's largest private conglomerate, it built a sprawling factory complex near the port city of Hai Phong in record time and launched its first cars barely two years later. Those early models borrowed BMW and General Motors engineering under license. Then, in a move that startled the industry, VinFast stopped building combustion cars entirely and staked its future on electric vehicles sold not only at home but across the world.
The global push has been bumpy. VinFast listed its shares in New York in 2023 and briefly carried a valuation larger than some established automakers, before the price came back to earth. Its first American models, the VF 8 and VF 9, drew harsh early reviews for software and refinement, and a planned factory in North Carolina has been pushed back. Critics question the company's heavy losses and its reliance on support from founder Pham Nhat Vuong. Supporters point out that at home VinFast has become the dominant car brand within a few short years.
The lineup now runs from the tiny VF 3 city car through the VF 5, VF 6 and VF 7 crossovers to the large VF 8 and VF 9, plus the Limo Green MPV built largely for taxi work. A huge share of VinFast's volume goes to Green SM, the electric ride-hailing company also founded by Vuong, which has expanded beyond Vietnam. India has become a major second front, with a factory in Tamil Nadu, a growing dealer network and patents filed for further models.
This page tracks sales results, quarterly earnings, factory plans in India, Indonesia and the United States, new model reveals, recalls, reviews and the fortunes of Green SM's fleets. Watch above all for whether VinFast can turn rapid growth into profits, and whether its cars can win over private buyers abroad as convincingly as they have won over Vietnam. Few young carmakers have tried to grow on so many continents at once, and the results will say a great deal about whether a new national champion can be built from scratch in a single decade.