Vietnam Vinfast adjusts annual delivery target from 100,000 to 80,000 vehicles

According to news on July 13, Vietnamese electric vehicle manufacturer Vinfast announced a major adjustment today, lowering its expected vehicle delivery volume in 2024 from the original 100,000 units to a more realistic target of 80,000 units. Behind this decision is Vinfast's careful assessment of current market trends and its own production capacity. Looking back, Vinfast's delivery figures show strong growth. According to the latest data, the company successfully delivered 12,058 vehicles in the second quarter of this year, achieving a significant growth of 24% compared to the first quarter. This growth momentum also continued into the first half of the year. Vinfast delivered a total of 21,747 vehicles. Compared with the same period last year, the delivery volume surged by 92%, demonstrating its strong momentum for market expansion.

1. Vinfast’s revenue in the fourth quarter of 2023 was US$437 million, a quarter-on-quarter growth of 26% and a significant year-on-year growth of 133%.
2. Vinfast’s full-year revenue for fiscal year 2023 reached US$1.198 billion, a year-on-year increase of 91%, laying a solid financial foundation for future development.

Future ambitions

1. Vinfast has set a goal to establish approximately 400 sales points globally by the end of this year to strengthen market competitiveness.
2. Vinfast will focus on expanding into markets with huge potential such as Indonesia and India.
3. Vinfast is committed to delving into the field of electric vehicles and promoting the brand's global development. -->

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