Vietnam’s VinFast posts higher Q1 revenue as vehicle deliveries increase

Vietnam’s VinFast posts higher Q1 revenue as vehicle deliveries increase

April 17, 2024 / Riah Marton /


VIETNAMESE electric-vehicle maker VinFast reported higher first-quarter revenue on Wednesday (Apr 17) on the back of increased vehicle deliveries.

The company’s quarterly revenue more than tripled to US$302.6 million.

VinFast maintained its 2024 goal of 100,000 EV deliveries.

The company delivered nearly 9,700 cars in the first three months of this year, with a large portion going to its affiliate Green SM, a taxi operator and leasing provider backed by VinFast CEO Pham Nhat Vuong. REUTERS

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Riah Marton

I'm Riah Marton, a dynamic journalist for Forbes40under40. I specialize in profiling emerging leaders and innovators, bringing their stories to life with compelling storytelling and keen analysis. I am dedicated to spotlighting tomorrow's influential figures.

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