VinFast

VinFast Auto Ltd.
Company typePublic
NasdaqVFS
IndustryAutomotive
FoundedJune 2017; 7 years ago (2017-06)
FounderPham Nhat Vuong
HeadquartersHaiphong, Vietnam[1]
Area served
Worldwide
Key people
ProductsAutomobiles
Motorcycles
Commercial vehicles[2]
RevenueIncrease US$1.150 billion (2023)[3]
Negative increase US$−1.667 billion (2023)
Negative increase US$−2.366 billion (2023)
Total assetsIncrease US$5.487 billion (2023)
Number of employees
13,953 (2023)
ParentVingroup
Websitevinfastauto.com/vn_en

VinFast Auto Ltd. is a Vietnam-based multinational automotive company[4] founded by Vingroup, one of the largest private conglomerates in Vietnam that was founded by Pham Nhat Vuong.[5][6][7]

Established in 2017 in Haiphong, it is the first Vietnamese car brand to expand into global markets as well as the first to expand into producing electric vehicles (EV) such as electric cars and electric scooters.[8] Vinfast received "The Rising Star” award from Autobest in 2022 and named among world's 100 most influential companies in 2024 by Time Magazine's.[9][10]

  1. ^ "Form 8-A12B". www.sec.gov. Retrieved 15 August 2023.
  2. ^ "VinFast looks for electric motorcycle distributors". VNS. VinGroup. 24 July 2018. Retrieved 25 October 2018.
  3. ^ "VinFast Auto Ltd. Ordinary Shares (VFS) Financials". Nasdaq. 31 December 2023. Retrieved 6 July 2024.
  4. ^ Nguyen, Phuong; Krolicki, Kevin; Krolicki, Kevin (24 May 2022). "Vietnam EV maker VinFast to shift legal HQ to Singapore ahead of first exports". Reuters. Retrieved 15 August 2023.
  5. ^ "Constructeur". Paris Motor Show. Archived from the original on 3 April 2020. Retrieved 25 October 2018.
  6. ^ Lucas Raheriarivony (10 September 2018). "Vinfast: L'énigmatique marque vietnamienne sera au Mondial" [Vinfast: The enigmatic Vietnamese brand will be at the World] (in French). Auto News. Retrieved 25 October 2018.
  7. ^ "Le constructeur vietnamien VinFast dévoile ses deux premiers modèles de voitures" [Vietnamese manufacturer VinFast unveils first two car models] (in French). Le Progrès. 1 September 2018. Retrieved 25 October 2018.
  8. ^ VnExpress. "VinFast eyes global market, to open car plant in US – VnExpress International". VnExpress International – Latest news, business, travel and analysis from Vietnam. Retrieved 13 March 2021.
  9. ^ "The Rising Star". Autobest. 17 October 2022. Archived from the original on 15 September 2024.
  10. ^ "Vinfast Lands in Time Magazines 2024". Carguide. 25 June 2024. Retrieved 15 September 2024.