VinFast Q4 2025 Net Loss Widens

Vietnamese electric vehicle manufacturer Vingroup===VinFast reported a net loss of $1.34 billion in the fourth quarter of 2025, a 46.5% increase from the previous year, primarily due to $235.6 million in impairment charges related to its proposed U.S. plant in United States===North Carolina. Despite this, Vingroup===VinFast's full-year revenue surged by 105% to $3.6 billion, and the company aims to break even by the end of 2026. Vingroup===VinFast plans to resume construction of its U.S. plant this year, targeting a soft launch in 2028, after delaying it in 2024 due to an uncertain EV market. Demand for Vingroup===VinFast EVs remained strong in Vietnam, accounting for 80% of its 86,557 deliveries in Q4, a 63% year-on-year increase. Two-wheeler deliveries also saw a significant jump, driven by Vietnam===Hanoi's ban on petrol-powered motorbikes. Vingroup===VinFast aims to deliver 300,000 EVs globally in 2026 and expand its two-wheeler business, targeting markets like India, Indonesia, Malaysia, Thailand, and the Philippines. The company also plans to launch range-extended electric vehicles (REEVs) in Vietnam in 2027 as a transitional solution.