VinFast Reports 1.34 Billion Dollar Fourth Quarter Loss
VinFast reported a $1.34 billion fourth-quarter loss and plans to resume US plant work. The company aims to deliver 300,000 electric vehicles during 2026.
VinFast Auto Ltd. reported that its net loss for the fourth quarter of 2025 reached 35.2 trillion dong ($1.34 billion), representing a 15% increase compared to the same period in the previous year and a 46.5% rise from the third quarter. This widening loss was primarily attributed to $235.6 million in impairment charges related to adjustments in the book value of the company's proposed manufacturing facility in the United States. Despite previous delays cited due to market volatility, the manufacturer intends to resume construction on the North Carolina site within the current year, targeting a soft launch for 2028.
"We are committed to the U.S. market... and have been working in the background on that."
