Vietnam-based electric vehicles (EVs) maker VinFast saw its revenue jump 47 percent year on year to $719 million in the third quarter, driven by strong top-line focus.

VinFast said in a statement on last Friday the revenue was an increase of 9 percent from the second quarter of 2025.

The firm’s EV deliveries were 38,195 in the third quarter of 2025, representing an increase of 74 percent year-over-year and 7 percent quarter-over-quarter.

Cumulatively, in the first nine months of 2025, the company delivered 110,362 EVs to customers globally, representing a 149 percent increase year-over-year.

The firm’s e-scooter and e-bike deliveries were 120,052 in the third quarter of 2025, representing a surge of 535 percent year-over-year and 73 percent quarter-over-quarter.

Cumulatively, in the first nine months of 2025, the company delivered 234,536 e-scooters and e-bikes, representing a 489 percent increase year-over-year.

“This quarter, VinFast became the first automobile brand to surpass 100,000 vehicles sold in Vietnam within the first three quarters of a single year, following thirteen consecutive months as the nation’s best-selling carmaker,

“Our sustained market leadership at home, combined with continued progress across Asia, including being ranked among the top 8 for EV registrations in India in October 2025 and among the top 5 BEV brands in Indonesia for the first nine months of 2025, demonstrates the growing strength of our brand and the effectiveness of our regional expansion strategy,” said Thuy Le, Chairwoman of VinFast.

Lan Anh Nguyen, Chief Financial Officer of VinFast, added that reaching 100,000 vehicles reflecting the firm’s strategic investments.

“In the third quarter of 2025, VinFast continued to deliver solid revenue growth and operational momentum, driven by strong Green Series performance and healthy demand across our broader product portfolio,

“We enter the fourth quarter with a robust order backlog, providing clear visibility into near-term performance and reinforcing our confidence in continued growth,” she added.

Building on a foundation of steady growth and established fundamentals, VinFast said it has set a target of at least doubling its global vehicle deliveries in 2025.

The company expects the growth momentum in the e-scooter business to continue in the coming months, driven by favorable government policies to support two-wheeler (2W) electrification in Vietnam and the company’s ongoing efforts to support such transition.

Going forward, the company said it will continue to prioritize top-line growth through targeted strategic investments, while viewing cost rationalization as a disciplined, medium-term priority.

This balanced approach enables VinFast to sustain rapid market expansion today while building a more efficient and resilient operating model for the future.

VinFast has also announced that effective as of November 20, Pham Nhat Quan Anh has been appointed to the Company’s Board of Directors.

Anh serves as a senior executive officer at VinFast. Since joining VinFast in February 2019, he has held several leadership positions at VinFast Trading and Production Joint Stock Company, a subsidiary of the company, including Vice Chairman, Executive Deputy General Director responsible for Global Aftersales Services, and Director of the Planning, Program Coordination and Quality Inspection Division.

In these roles, Anh has been instrumental in supporting VinFast’s rapid development and expansion from its initial localization phase to its global strategy.

Prior to joining VinFast, Anh served as Deputy General Director and Deputy Chief Operating Officer of Vinpearl Joint Stock Company from 2017 to 2019, where he gained extensive experience in operational management and strategic planning across the hospitality and services industries.

He holds a Bachelor’s degree in business management from Singapore Management University.

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