Vietnam-based electric vehicle maker VinFast said it expects to deliver about 300,000 electric vehicles worldwide this year, underscoring a sharp acceleration in volumes as the company focuses its expansion strategy on Asia.
The target represents a significant increase from the nearly 197,000 vehicles delivered in 2025 and reflects VinFast’s emphasis on markets such as India, Indonesia and the Philippines, where electric vehicle adoption is rising and competitive pressures are less intense than in North America and Europe.
See also: VinFast Doubles Domestic EV Sales as Demand Concentrates on Lower-Priced Models
In addition to passenger cars, VinFast expects deliveries of its electric two-wheelers to rise to at least two-and-a-half times last year’s level of 406,498 units, highlighting the importance of lower-cost mobility products in its growth plans.
https://twitter.com/VinFastofficial/status/2020863661850726868
The automaker has been investing heavily in Southeast Asia to support that strategy. Last year, it opened its first overseas vehicle manufacturing plant in Subang, West Java, Indonesia, with an initial annual capacity of 50,000 vehicles. The site is planned to be expanded in later phases to reach capacity of up to 350,000 vehicles per year, with total investment expected to exceed $1 billion.
See also: VinFast Plans To Lift Indonesia Investment To $1 Billion, Local CEO Says
While VinFast continues to explore opportunities in other Asian markets, its progress in North America has been limited. The company has scaled back expansion efforts in the United States and other Western markets amid intense competition and subdued consumer demand, according to industry reports from Automotive News.
VinFast said it expects to publish its fourth-quarter and full-year financial results before markets open on March 16.