VinFast secures top market position in Vietnam

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HANOI, VIETNAM – Media OutReach Newswire – 12 November 2024 – VinFast announced it has delivered more than 11,000 electric vehicles (EVs) to domestic customers in October, bringing its total sales since the beginning of the year to over 51,000 EVs. This positions VinFast as the best-selling automotive brand in the Vietnamese market for October and the first ten months of 2024. VinFast is confident in maintaining its domestic leadership and contributing to the green transition of Vietnam’s transportation sector.

Reflecting on this historic milestone, Mr. Pham Nhat Vuong, Chairman of Vingroup and CEO of VinFast Global, shared: “Achieving this milestone is, first and foremost, thanks to the support of hundreds of thousands of VinFast customers—those who have pioneeringly backed a young Vietnamese brand, who have shown patience in using our products, and have provided invaluable feedback to improve VinFast’s products and services from the start. Their insights and support have helped VinFast make improvements in product and service quality to reach where we are today. On behalf of all employees at Vingroup and VinFast, I extend my deepest gratitude to every VinFast customer and pledge that we will not rest on our current achievements. We will continually strive to research and implement solutions to elevate our product and service quality to increase customer satisfaction even further. I’d also like to thank the entire VinFast and Vingroup team for their resilience in overcoming numerous challenges and doubts. Together, we have wholeheartedly and creatively fulfilled our mission.

Currently, VinFast offers seven electric vehicle models across all segments in the Vietnamese market, from mini-SUVs to E-SUVs, with competitive pricing options that cater to diverse customer needs and remain attractive compared to gasoline vehicles in the same segment. VinFast is also actively expanding internationally, strengthening its presence in multiple countries and regions worldwide to contribute to the global shift toward electric mobility.

The Company also announced that it will release its 3Q24 financial results before the market opens on November 26, 2024. On the same day, VinFast’s management will hold a live webcast to discuss the Company’s business performance and strategy. Details for the call are below:

What: VinFast Q3 2024 Financial Results and Q&A Webcast
When: Tuesday, November 26, 2024
Time: 8:00 a.m. Eastern Standard Time
Live webcast: https://edge.media-server.com/mmc/p/5725mupo

A replay of the webcast will also be made available on the Company’s website.

For additional information, please visit ir.vinfastauto.us.

Investor Relations Email: ir@vinfastauto.com
Hashtag: #VinFast #EVs #VF3 #VF5 #topmarket

The issuer is solely responsible for the content of this announcement.

About VinFast

VinFast (NASDAQ: VFS), a subsidiary of Vingroup JSC, one of Vietnam’s largest conglomerates, is a pure-play EV manufacturer with the mission of making EVs accessible to everyone. VinFast’s product lineup today includes a wide range of electric SUVs, e-scooters, and e-buses. VinFast is currently embarking on its next growth phase through rapid expansion of its distribution and dealership network globally and increasing its manufacturing capacities with a focus on key markets across North America, EMEA and Asia. Learn more at: