VinFast's Q2 Loss Wider Than Expected, Shares Hold Ground

VinFast, a Vietnamese electric-vehicle maker, reported a wider-than-expected second-quarter loss. Despite this, its shares held steady, having previously reported a $552 million loss on $357 million in sales a year ago. The company's financial performance has been impacted by the global semiconductor shortage affecting the automotive industry.

Vietnamese electric-vehicle maker VinFast reported a wider-than-expected second-quarter net loss, totaling $812 million. This loss represents a 15% increase from the previous quarter, as the company stepped up spending on expansion and marketing to support its ambitious growth strategy [1].

Revenue for the period rose to $663 million, marking a 1.9% increase from the prior quarter and a 91.6% year-over-year surge. Vehicle deliveries climbed 172% year-over-year to 35,837 units, with Vietnam remaining the largest market [1]. These figures indicate that the company is making significant strides in its growth trajectory.

However, VinFast's first-half vehicle deliveries of 72,167 units leave it with a substantial task to meet its 200,000 unit annual sales target. Chairperson Thuy Le noted that the company still has to deliver a significant number of units towards the end of the year, both in Vietnam and in international markets including Indonesia, the Philippines, India, and North America [1].

Despite the loss, VinFast is confident in meeting its delivery targets for 2025 and reaffirmed its commitment to break even by the end of 2026. The company recently spun off its research and development assets to its founder and CEO Pham Nhat Vuong for $1.5 billion to support its expansion plans [1].

VinFast has also shifted to a dealership-based model to cut costs and accelerate expansion. It recently opened a new assembly plant in India and has plans to establish another facility in Indonesia, which is scheduled for the technical start of production by the end of the year [1].

The financial performance of VinFast has been impacted by the global semiconductor shortage affecting the automotive industry. However, the company remains optimistic about its growth prospects, driven by increasing consumer demand for electric vehicles and supportive government policies.

References:
[1] https://www.tradingview.com/news/reuters.com,2025:newsml_L4N3UR0QS:0-electric-car-maker-vinfast-s-quarterly-loss-widens-due-to-heavy-spending/
[2] https://finance.yahoo.com/news/ev-maker-vinfasts-quarterly-loss-103313699.html