Vinfast became the leader in the Vietnamese market in 2025
- It took three years to Vinfast to established itself as the leader in the Vietnamese automotive market. Created in 2017 by the Vingroup conglomerate, the carmaker initially designed and launched internal combustion engine cars (derived from BMW models) before making a major strategic shift: becoming an independant producer of battery electric vehicles.
- This transition, which began in 2021, has profoundly transformed the country's automotive landscape and positioned Vinfast as the main driver of the electrification of the Vietnamese market. Vietnam, long dominated by foreign brands (Toyota, Hyundai, Kia), experienced a dramatic acceleration in sales of battery electric vehicles starting in 2023. This trend is largely driven by Vinfast, whose compact and affordable models are enjoying massive success with urban households. The carmaker also benefits from strong institutional support, a rapidly expanding charging network, and a highly valued national brand image.
- In 2023, Vinfast sold 35,000 vehicles in the Vietnamese market, all battery electric, representing 10% of the market. While not yet the market leader in terms of volume, the brand already dominated the BEV segment. The VFe34, the brand's first electric SUV, played a key role in this growth, while the VF8 and VF9 were beginning to establish themselves in higher segments.
- The year 2024 marked a turning point. Vinfast became the best-selling car brand in Vietnam, with 87,000 sales (representing 21% of the market). By 2025, Vinfast was selling 175,000 battery electric vehicles cars, holding 35% of the Vietnamese market. A meteoric rise.
- Vinfast currently communicated only on its BEVs sales, even if thermal vehicles still appeared on their catalogue. However quantities of these ICE models are not available.
- The quantities published below correspond to the sales of each BEV model on the Vietnamese market in 2025.