VinFast Dominates Vietnam’s Electric Vehicle Market

VinFast Auto (VFS) has released an update.

VinFast Auto Ltd. has solidified its position as the leading automotive brand in Vietnam, delivering over 11,000 electric vehicles in October, marking a 21% increase from the previous month. This achievement underscores the brand’s dominance in the domestic market, with the VF 3 and VF 5 models leading the sales. VinFast’s rapid growth highlights a significant shift in the Vietnamese automotive industry, as the domestic brand surpasses foreign competitors.

For further insights into VFS stock, check out TipRanks’ Stock Analysis page.