VinFast Deliveries in Vietnam Pass 200,000 in 10 Months

VinFast deliveries in Vietnam passed 200,000 electric vehicles for the year after the carmaker handed over 22,896 units in October. The Nasdaq-listed company reported the preliminary figures on 12 November, taking its total for the first 10 months of 2026 to 200,593 vehicles.

VinFast said that, to its knowledge and based on available industry data, it is the first automotive brand to pass 200,000 EV deliveries in Vietnam within the first 10 months of a year.

VinFast deliveries by model

The VF 3, a small city car, was the top seller in October with 3,960 units. The VF 6 followed with 3,716. Over the year to date, the VF 3 also leads with 46,232 deliveries, ahead of the Limo Green with 42,975.

October’s total was slightly below September’s 23,624 preliminary deliveries. By the end of September, VinFast had delivered 177,697 vehicles in Vietnam for the year, so October’s figure lifted the cumulative count past the 200,000 mark.

The monthly numbers follow a strong third quarter. VinFast reported on 30 October that global EV deliveries rose 116% year on year to 82,580 units in the three months to September. Deliveries for the first nine months reached 211,242, up 91%. Both figures were preliminary.

The VF 3 led the quarter with 21,744 units, followed by the Limo Green with 19,100 and the VF 5 with 10,329. Two-wheelers grew even faster. E-scooter and e-bike deliveries rose 137% to 284,831 in the quarter, of which 281,409 were in Vietnam.

Lower down the range, the VF 6 sold 7,519 units in the third quarter and the Herio Green 5,097. The larger VF 7 and VF 8 models added 3,893 and 3,411 units respectively.

In two-wheelers, the Evo accounted for about 57% of deliveries and the Feliz for about 26%. Over the first nine months, VinFast delivered 714,006 e-scooters and e-bikes, roughly three times the figure a year earlier.

Founder keeps funding the expansion

VinFast is part of Vingroup, Vietnam’s largest private conglomerate, and has relied on repeated capital support from its founder. On 29 October, founder and director Pham Nhat Vuong contributed VND11,000 billion (about $436.4 million) to VinFast Vietnam JSC, the subsidiary that mainly handles vehicle sales.

The contribution took the form of dividend preference shares with no conversion, exchange or similar rights.

The company is still loss-making. TipRanks’ AI analysis pointed to negative gross profit, large losses and negative equity. VinFast had a market value of about $7.6 billion, according to the platform.

Why it matters for Vietnam and Asia

The 200,000 milestone underlines VinFast’s leading position in Vietnam’s growing electric car market. Its home country accounts for the great majority of its sales, and rising volumes give it scale to spread fixed costs across its factory and dealer network.

For Vietnam, the numbers show how quickly electric mobility is spreading among domestic buyers. The two-wheeler figures are especially striking in a country where motorbikes dominate urban transport. Rivals are also active. Local electric motorbike maker Dat Bike recently completed a $26 million Series B round.

For investors, the picture is mixed. Strong VinFast deliveries support the growth story, but the company’s losses and its reliance on founder capital remain the central concerns. Its performance is also a test for Asian EV makers that are trying to build brands outside China, where price competition among the leading Chinese EV companies is intense.

Investors will watch whether VinFast can keep monthly volumes above 20,000 units through the year-end sales season. The carmaker’s next quarterly results will show whether higher deliveries are narrowing its losses.

The company’s preliminary figures were reported by TipRanks.