Financial Performance - VinFast delivered 21,912 vehicles in Q3 2024, a 115% year-over-year increase and a 66% increase compared to Q2 2024 [1][3] - Revenue reached US$511.6 million in Q3 2024, up 49.3% year-over-year and 42.2% compared to Q2 2024 [1][4] - Gross loss decreased by 45.6% to US$122.8 million in Q3 2024 compared to Q2 2024 [4] - Gross margin improved to negative 24.0% in Q3 2024 from negative 27.0% in Q3 2023 and negative 62.7% in Q2 2024 [5] - Net loss decreased by 14.8% year-over-year and 29.4% quarter-over-quarter to US$550.0 million in Q3 2024 [5] Market Performance - VinFast became the top-selling automotive brand in Vietnam for September, October, and the first ten months of 2024 [1][6][8] - The company delivered over 11,000 EVs in Vietnam in October 2024, a 21% increase from September, bringing total deliveries in Vietnam to over 51,000 EVs from January to October 2024 [7][8] - VinFast achieved record-breaking sales in North America in September 2024, driven by a growing dealer network [11] Global Expansion - VinFast had 173 EV showrooms and 160 e-scooter showrooms globally as of October 31, 2024 [10] - The company initiated deliveries of right-hand drive VF e34 and VF 5 in Indonesia, with 17 dealerships across 15 cities as of October 31, 2024 [12] - VinFast opened reservations for three models in the Philippines and had eight dealer stores in six cities as of October 31, 2024 [12] - The company launched its brand in the Middle East in October 2024, opening its first dealership in Dubai [13] Manufacturing and Production - VinFast plans to add a new CKD factory in Ha Tinh, Vietnam, targeting a maximum capacity of 300,000 EVs per year, with construction starting in December 2024 and operations expected to commence in 2025 [8][9] - The Indian plant, with an annual capacity of 50,000 EVs, is gearing up for equipment installation and is scheduled to begin operations in 2025 [13] - The Subang plant in Indonesia is also scheduled to commence operations in 2025 [12] Funding and Financial Support - VinFast's Founder and CEO, along with associated companies, intend to provide up to US$2.1 billion in free grants to the company and its subsidiaries through the end of 2026 [14] - Vingroup plans to provide up to US$1.5 billion in loans to VinFast's subsidiaries in Vietnam through the end of 2026 [15] - Vingroup approved the conversion of up to US$3.3 billion of loans to VFTP into preference shares, supporting VinFast's EV manufacturing business in Vietnam [16] Strategic Outlook - VinFast is optimistic about Q4 2024 performance and reiterates its annual delivery target of 80,000 vehicles [17] - The company remains committed to balancing revenue growth and cost optimization while expanding its global footprint [1][18]

Exhibit 99.1 AST VinFast Reports Unaudited Third Quarter 2024 Financial Results Quarterly Revenues reached VND12,326,537 million (US$511.6 million) Quarterly EV Deliveries were 21,912 units Singapore, November 26, 2024 – VinFast Auto Ltd. ("VinFast" or the "Company") (Nasdaq: VFS), a pure-play electric vehicle ("EV") manufacturer with the mission of making EVs accessible to everyone, today announced its unaudited financial results for the third quarter ended September 30, 2024. Operating Highlights for the ...

VinFast has some good news for investors looking to fund its expansion plans.For investors, VinFast Auto (VFS 0.54%) has been an intriguing option from the get-go. The company switched to fully producing electric vehicles (EVs), has a deep pocketed founder and state-of-the-art production facilities, completely dominates its home Vietnamese market, and has ambitions to expand overseas.On the last note, there's a little bit of good news recently. Here are the details.What's going on?There are actually two bit ...

Core Insights - VinFast's electric vehicles are experiencing significant demand, leading to a notable increase in share price following the announcement of delivery figures [1] - The company reported a total of 21,912 EV deliveries in Q3, reflecting a year-over-year growth of 116% and a quarter-over-quarter increase of 66% [2] - VinFast achieved a milestone by becoming the top-performing EV maker in Vietnam, surpassing all international competitors in September with over 9,300 vehicle deliveries [2] Delivery Performance - The total EV deliveries for VinFast in Q3 reached 21,912 units, marking a substantial year-over-year growth of 116% [2] - The quarter-over-quarter improvement was recorded at 66%, indicating strong momentum in the company's sales [2] - In September alone, VinFast delivered more than 9,300 vehicles in Vietnam, achieving the No. 1 position among EV makers [2] Market Reaction - Following the delivery announcement, VinFast's stock price surged nearly 12%, outperforming the S&P 500 index, which remained relatively flat [1] - The positive market response suggests renewed investor interest in VinFast after a period of cooling due to previous financial losses [3] - The upcoming financial results announcement on November 6 is anticipated to further influence investor sentiment [2]

I am a market enthusiast and part-time trader. I started writing for Seeking Alpha in 2011, and it has been a tremendous opportunity and learning experience. I have been interested in the markets since elementary school, and hope to pursue a career in the investment management industry. I have been active in the markets for several years, and am primarily focused on long/short equities. I hold a Bachelor of Science Degree from Lehigh University, where I double majored in Finance and Accounting, with a minor ...

The hype has worn off VinFast, with its stock spiraling lower since its IPO a little over a year ago. But why have investors been backing off recently? VinFast Auto (VFS -7.58%) was an intriguing investment from the get-go. At a time when investors are flipping over every rock to find the next Tesla, VinFast dominated its home Vietnam market, offered compelling cost advantages, and had state-of-the-art production facilities, and a very wealthy backer and founder. The electric vehicle (EV) maker also had ext ...

The Vietnamese EV maker's stock has dropped more than 90% from its all-time high. VinFast Auto (VFS -0.22%) briefly became one of the market's hottest electric vehicle stocks when it went public by merging with a special purpose acquisition company (SPAC) last August. The Vietnamese electric vehicle (EV) maker's stock started trading at $22 and skyrocketed to a record high of $82.35 just two weeks later. But today, VinFast's stock trades at less than $5. Like many other SPAC-backed EV makers, it ran of of j ...

VinFast VF 8 all-electric SUV Dealership sales and service best practices Warranty program optimization Future product planning and market trends Competitive sales program development Other key business initiatives impacting VinFast Auto's success David Coyle, Dealer Principal of Leith VinFast in Raleigh, North Carolina, commented, "I am honored to be selected for the VinFast Dealer Advisory Board. VinFast is a company with a bold vision for the future of mobility, and I am excited to contribute to their su ...

SINGAPORE, July 12, 2024 /PRNewswire/ -- VinFast Auto Ltd. ("VinFast" or the "Company"), a pure-play electric vehicle ("EV") manufacturer with the mission of making EVs accessible to everyone, delivered 21,747 electric vehicles in the first half of 2024, a significant 92% increase over the same period in 2023. For the second quarter of 2024, VinFast delivered 12,058 vehicles, representing an increase of 24% quarterover-quarter and an increase of 26% compared to the same period of last year. VinFast VF 8VinF ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F OR ◻ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of event requiring this shell company report: _______________ Commission File Number: 001-41782 (Mark One) ◻ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal ...