Headquartered in Dinh Vu ? Cat Hai Economic Zone, Hai Phong Fiscal year ends December NASDAQ: VFS vinfastauto.us
VinFast Auto Ltd. (Nasdaq: VFS) is a Vietnamese electric vehicle company and subsidiary of Vingroup JSC, focused on making EVs accessible to a broad consumer base. The company produces and sells a range of electric SUVs spanning mini- through E-segments, along with e-scooters, e-bikes, and e-buses. VinFast operates primarily in Vietnam, where it holds approximately 38% of the overall automotive market and has maintained the number-one position for 22 consecutive months. The company is expanding internationally across Southeast Asia (Philippines, Indonesia), India, North America, Europe, and the Middle East, with 474 showrooms globally as of June 30, 2026. VinFast recently restructured its Vietnam manufacturing operations into a third-party model and acquired a real estate development interest (Ngoc Hoi) to diversify its earnings base. The company is heavily reliant on financial support from its parent Vingroup and founder Pham Nhat Vuong, including loans, grants, and capital contributions. VinFast is also developing autonomous driving technology, with a planned Level 4 robotaxi pilot targeted for late 2027. The company currently operates at a significant loss with negative gross margins as it scales production and invests in new vehicle platforms and technologies. Updated
EV deliveries nearly doubled to 70,085 units, yet gross margin from continuing operations sank to negative 62.8% from negative 21.8% a year ago, missing expectations. A $1.18 billion gain on the disposal of Vietnam manufacturing assets masked the operating damage, roughly $2.30 billion in liquidity sits in facilities expiring by late 2026, and full-year guidance was left unchanged.
267 companies report next week, and Monday alone stacks regional banks, steel and mortgage REITs into one session. Cleveland-Cliffs and Fifth Third go before the open, with Steel Dynamics and AGNC after the close, setting the credit and industrial tone for the rest of the week.
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VinFast Auto Ltd. (Nasdaq: VFS) is a Vietnamese electric vehicle company and subsidiary of Vingroup JSC, focused on making EVs accessible to a broad consumer base. The company produces and sells a range of electric SUVs spanning mini- through E-segments, along with e-scooters, e-bikes, and e-buses.
24/7 Wall St.'s 12-month price target for VFS is $6.44, rated Buy. The Wall Street consensus target is $5.57. VFS price prediction →
