VinFast Revolutionizes Vietnam's EV Industry, Eyes Global Expansion

VinFast, spearheaded by Vingroup founder Pham Nhat Vuong, is revolutionizing Vietnam's electric vehicle industry with impressive sales and infrastructure advancements. Supported by strategic government policies and a robust ecosystem, VinFast is not only thriving domestically but also actively pursuing global expansion, exemplified by its substantial initiatives in India.

VinFast, a subsidiary of Vingroup, is spearheading a transformative shift in Vietnam's automotive sector, decisively moving towards electric vehicles. According to Transport & Environment's 2025 report, 42% of all new cars sold in Vietnam are now fully electric, a remarkable figure surpassing many European countries and even China.

The vehicle manufacturer achieved a milestone in October 2025 with the delivery of 20,380 vehicles, bringing its year-to-date total to 124,264. Founder Pham Nhat Vuong's vision, backed by government incentives like the 2027 registration fee exemption, has been instrumental in this success. Vuong's dedication frames VinFast as a passion project, intertwined with Vietnam's industrial progress.

Vingroup provides vital support through integrated infrastructure, including real estate, advanced technology, and renewable energy. This cooperation forms a sustainable advantage, with properties hosting EV charging stations and promoting eco-friendly practices. VinFast's global ambitions are evident in its Indian initiatives, building a comprehensive EV ecosystem to support its expansion.

(With inputs from agencies.)