VinFast Auto shares surge 10.00% intraday as strong Vietnam sales, Canada EV incentives, and rising oil prices boost demand.

VinFast Auto surged 10.00% intraday, driven by a 55% year-over-year increase in electric vehicle deliveries in Vietnam to 16,172 units in January 2026, maintaining its first-place position in the domestic market for 16 consecutive months. Additionally, the Canadian federal government has relaunched its EV subsidy program, making VinFast's VF 8 model eligible for up to CAD 5,000 in incentives. Meanwhile, rising oil prices due to Middle East geopolitical tensions have prompted consumers in Vietnam and other regions to shift toward electric vehicles, doubling customer traffic and sales at VinFast showrooms.