VinFast Records Revenue Surge, Dives into Q1 Financials

VinFast Auto Ltd., a leading electric vehicle (EV) manufacturer listed on Nasdaq (VFS), has released its unaudited financial performance for the first quarter of 2025. This report analyzes the company’s key metrics and offers insights into future projections. Despite strong revenue growth, VinFast reported a Q1 gross loss exceeding VND5,736.5 billion (US$231.0 million), representing a significant increase from the previous year. 2024 marked a year of major expansion for VinFast with notable leaps in EV sales and scooter delivery figures.