VinFast Electrifies Vietnam's Auto Market

VinFast, Vietnam’s homegrown electric vehicle (EV) brand, has taken the lead in its domestic market. With over 51,000 EVs sold in 2024, VinFast is now the top-selling automotive brand in Vietnam, surpassing both foreign and gasoline-powered competitors. This significant achievement makes Vietnam one of the few countries where EVs dominate the market. VinFast’s success is fueled by strong sales of its VF 3 and VF 5 models, robust production, and a growing network of dealerships and charging stations. The company is also expanding globally, targeting key markets in North America, Europe, and Asia, including the Philippines.

VinFast delivers 11K+ EVs in Oct, 2024 sales at 51K, leading Vietnam’s auto market, outpacing gasoline rivals, expanding globally.

VINFAST SECURES TOP MARKET POSITION IN VIETNAM

VinFast delivers over 11,000 EVs in October, boosting total 2024 sales to 51,000 and securing its position as Vietnam’s top automotive brand, outpacing gasoline rivals and expanding globally.

VIETNAM | 11 November 2024 – VinFast delivered over 11,000 electric vehicles (EVs) to domestic customers in October, a 21% increase from September. This brings its total sales since the beginning of the year to over 51,000 EVs, solidifying VinFast’s position as the best-selling automotive brand in Vietnam for both October and the first ten months of 2024.

The VF 3 and VF 5 were the top-selling models, with nearly 5,000 and over 2,600 units sold, respectively. With a strong foundation of pre-orders, robust production capacity, a growing dealership network, and a nationwide charging infrastructure, VinFast is well-positioned for continued growth and market dominance.

A Significant Milestone for Vietnam’s Automotive Industry

As a Vietnamese car brand, VinFast has achieved a significant milestone by becoming the first local brand to outsell foreign brands in its home market after just over five years of operation. Additionally, VinFast is the first EV brand in Vietnam to outsell gasoline-powered competitors, achieving this feat just two years after transitioning to a pure-play EV company. VinFast’s achievement makes Vietnam one of the few countries where EVs lead the automotive market.

A Win: Diverse Product Range and International Expansion

VinFast currently offers seven electric vehicle models across various segments in its home market, from compact SUVs to large electric SUVs. With competitive pricing, VinFast’s EVs offer compelling value propositions compared to gasoline-powered vehicles in the same segments. Beyond the domestic market, VinFast is actively expanding its global footprint to key markets in North America, Europe, the Middle East, and Asia, including the United States, Canada, Germany, France, and other regions.

In the Philippines, VinFast has quickly established its presence by launching three models: the VF 5, VF 3, and VF 7, to cater to diverse customer preferences. With multiple dealerships already operational and VinFast Philippines vinfastauto.ph more on the way, VinFast is dedicated to serving the Filipino market and positively contributing to the country’s transition to sustainable mobility.