Core Insights - VinFast Auto Ltd. reported a robust revenue growth of 92% year-over-year for Q2 2025, indicating strong momentum in its business operations [1][3] - The company delivered 35,837 electric vehicles (EVs) in Q2 2025, a 172% increase year-over-year, and a total of 72,167 EVs in the first half of 2025, reflecting a 223% increase year-over-year [2][3] - VinFast's e-scooter and e-bike deliveries reached 69,580 in Q2 2025, marking a 55% increase quarter-over-quarter and a 432% increase year-over-year [2][3] Financial Performance - Total revenues for Q2 2025 were VND 16,609.3 billion (approximately US$663.0 million), up 91.6% from Q2 2024 and 1.9% higher than Q1 2025 [3] - The company reported a gross loss of VND 6,824.9 billion (US$272.4 million) and a net loss of VND 20,341.6 billion (US$812.0 million) for Q2 2025, with a gross margin improvement to negative 41.1% from negative 62.7% in Q2 2024 [4] Market Position and Strategy - VinFast solidified its leadership in Vietnam's domestic auto market and is actively contributing to the country's green transition [5][8] - The VF 3 and VF 5 models accounted for 61% of total deliveries in Q2 2025, with the VF 6 contributing 12%, placing these models among the top five best-selling vehicles in Vietnam [6][7] - Over 70% of vehicles delivered in the last four quarters were to B2C customers, indicating strong market demand [7] Expansion and Partnerships - The company is expanding its e-bike production capacity and inaugurated the Ha Tinh plant in June 2025, with an initial capacity of 200,000 vehicles per year [8][9] - VinFast is enhancing its presence in key Asian markets, including India, Indonesia, and the Philippines, with strategic partnerships and dealership expansions [11][12][13][14] - In North America, VinFast signed its first authorized dealership in California, marking a shift to a dealer-led distribution model [14] Future Outlook - The company aims to double its global deliveries in 2025 and is focusing on key markets such as Vietnam, Indonesia, the Philippines, India, North America, Europe, and the Middle East [16] - VinFast is evaluating opportunities in various vehicle types to enhance accessibility to electric mobility [17] - The company expects continued strong growth in its e-scooter business, supported by favorable government policies in Vietnam [18]

Financial Data and Key Metrics Changes - Total revenue for Q2 2025 was reported at USD 663 million, representing a 92% year-over-year increase and a 2% quarter-over-quarter gain, driven by increasing EV sales volume in Vietnam [28] - Cost of goods sold for the quarter was USD 935 million, an increase of 66% year-over-year and 6% quarter-over-quarter, reflecting the continued ramp-up in deliveries [29] - Gross margin was negative 41% in Q2 2025, an improvement from negative 63% in Q2 2024, attributed to increased sales and improved costs [29] - Net loss for the quarter was USD 812 million, with a net loss margin of negative 122% compared to negative 109% in Q1 2025 [32] Business Line Data and Key Metrics Changes - In Q2 2025, the company delivered 35,837 EV units, a 172% increase year-over-year, with the VF3 and VF5 models contributing 61% of total deliveries [10] - E-scooter and electric bike deliveries reached 69,580 units in Q2, marking a 55% rise quarter-over-quarter and a 432% increase year-over-year [12] - The VF6 model ranked first in deliveries, contributing 12% of total deliveries, while B2C deliveries accounted for over 70% of total deliveries for four consecutive quarters [11] Market Data and Key Metrics Changes - Vietnam's auto market grew rapidly in 2025, with deliveries rising 1.6 times year-over-year to 254,794 units, driven by surging EV demand [13] - VinFast maintained its number one position in Vietnam, with 3.4x volume growth and 67,569 units more than the combined delivery of the next two players [13] - In the Philippines, VinFast captured an estimated 25% market share in the battery electric vehicle segment in the first half of 2025 [21] Company Strategy and Development Direction - The company remains focused on international expansion, with a strategy anchored around products, markets, and manufacturing, including the inauguration of two new factories in Vietnam and India [7] - The long-term vision is to be a global leader in electric mobility, supported by investments in R&D and customer incentives to drive adoption [9] - The company is expanding its green mobility ecosystem internationally, with plans to deepen its presence in key Asian markets [15] Management's Comments on Operating Environment and Future Outlook - Management noted macroeconomic headwinds and evolving regulations have introduced uncertainties in some markets, but strong momentum in business continues [8] - The company is on track to achieve its 2025 delivery target, aiming to at least double deliveries from 2024 [6] - Management expects significant ramp-up in the second half of the year, supported by robust demand in Vietnam and new model launches [40] Other Important Information - The company announced a strategic spin-off of completed R&D assets into a new entity, Novatec, for USD 1.6 billion, expected to close in Q3 [25] - As of June 30, 2025, total liquidity stood at USD 4.2 billion, reflecting cash and cash equivalents combined with expected cash proceeds from the R&D assets spin-off [34] Q&A Session Summary Question: Can you elaborate on the cost discipline efforts? - Management noted a reduction in costs over previous quarters, with expectations for greater potential in upcoming vehicle versions benefiting from optimized design and in-house battery production [36] Question: Where will the second half growth primarily come from? - Growth is expected from continued demand in Vietnam, stronger dealer networks internationally, and new model launches [39] Question: What is the impact of next-generation platforms on margin improvement? - The next-generation platforms are expected to drive meaningful cost savings and improve customer experience, although specific margin impacts cannot yet be disclosed [46] Question: What drove the higher cash balance this quarter? - The high cash balance reflects financing inflows of about USD 1.2 billion, offsetting operating outflows, with expectations for operating outflows of USD 400 million to USD 600 million per quarter in the near term [84]

Financial Data and Key Metrics Changes - The company reported total revenue of $663 million, representing a 92% year-over-year increase and a 2% quarter-over-quarter gain, driven by increasing EV sales volume in Vietnam [28] - Gross margin was negative 41% in Q2 2025, an improvement from negative 63% in Q2 2024, attributed to increased sales and improved costs [29] - Net loss for the quarter was $812 million, with a net loss margin of negative 122% compared to negative 109% in Q1 2025 [32] Business Line Data and Key Metrics Changes - In Q2 2025, the company delivered 35,837 EV units, a 172% increase year-over-year, with the VF3 and VF5 models contributing 61% of total deliveries [9] - E-scooter and electric bike deliveries reached 69,580 units in Q2, marking a 432% increase year-over-year [11] - The VF6 model ranked first, contributing 12% of total deliveries, while B2C deliveries accounted for over 70% of total deliveries for four consecutive quarters [10] Market Data and Key Metrics Changes - Vietnam's auto market grew 1.6 times year-over-year to 254,794 units, with VinFast outpacing the market with 3.4x volume growth [12] - In Indonesia, the company captured approximately 5% of total EV deliveries in the quarter, with the VF3 model representing 35% of deliveries in the country [17] - In The Philippines, VinFast captured an estimated 25% market share in the battery electric vehicle segment [20] Company Strategy and Development Direction - The company remains focused on international expansion, with a strategy anchored around products, markets, and manufacturing [7] - The inauguration of two new factories in Vietnam and India is part of the strategy to double design capacity and support R&D for the next generation vehicle platform [7] - The company aims to be a global leader in electric mobility, supported by a green mobility ecosystem and regulatory tailwinds driving EV adoption [8] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving the 2025 delivery target of at least 200,000 units, with strong demand expected in the second half of the year [41] - The company anticipates significant growth driven by new model launches, a stronger dealer network, and expanding charging infrastructure [41] - Management noted that competition is strong across Asia, but promotional campaigns are a deliberate strategy to build awareness and accelerate adoption [76] Other Important Information - The company completed a strategic spin-off of its R&D assets into a new entity, Novatec, for $1.6 billion, which is expected to close in Q3 [24] - As of June 30, total liquidity stood at $4.2 billion, reflecting cash and cash equivalents combined with expected cash proceeds from the R&D assets spin-off [34] Q&A Session Summary Question: Can you elaborate on cost discipline efforts and gross margins? - Management noted a reduction in costs over previous quarters, with expectations for greater potential in upcoming vehicle models benefiting from optimized design and in-house battery production [38] Question: Where will second half growth primarily come from? - Growth is expected from continued demand in Vietnam, international dealer network strengthening, and new model launches [41] Question: What is the impact of next-generation platforms on margin improvement? - The next-generation platforms are expected to drive meaningful cost savings and improve customer experience, although specific margin impacts cannot yet be disclosed [47] Question: What drove the higher cash balance this quarter? - The high cash balance reflects financing inflows of about $1.2 billion, offsetting operating outflows, with expectations of operating outflows of $400 million to $600 million per quarter in the near term [83]

Q2'25 Earnings Report 4 September 2025 2 Q 2 0 2 5 E A R N I N G S R E P O R T 2 At a Glance: VinFast Maintaining Strong Momentum and Strengthening Financial Position in Midst of Global Uncertainties STRENGTHENED FINANCIAL POSITION $1.6 bn expected cash proceeds from completed R&D assets spinoff INAUGURATED TWO NEW FACTORIES SOP at our VinFast Ha Tinh and VinFast India plants, doubling our production capacity to ON TRACK FOR 2025 TARGET To at least x2 2024 global sales 35,837 EVs delivered in Q2'25, up 172% ...

Core Viewpoint - VinFast's second-quarter revenue fell short of market expectations, indicating potential challenges in meeting financial targets [1] Financial Performance - VinFast reported total revenue of 16.61 trillion VND for the second quarter, compared to market expectations of 17.19 trillion VND [1] - The company incurred a loss of 8,686 VND per share, which was higher than the market estimate of 6,965 VND per share [1] Future Guidance - VinFast has maintained its delivery guidance for 2025, indicating confidence in its long-term strategy despite current financial performance [1]

Exhibit 99.1 VinFast Reports Unaudited Second Quarter 2025 Financial Results Quarterly Revenues reached VND16,609.3 billion (US$663.0 million) Quarterly EV Deliveries were 35,837 units Singapore, September 4, 2025 – 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 second quarter ended June 30, 2025. Operating Highlights for the Second Qu ...

Group 1 - VinFast will launch its electric bus product line in the international market, showcasing at Busworld Europe 2025 in Brussels from October 3 to 9, with operations expected to start in 2026 [1] - The company has already introduced B-class electric SUV VF 6 and D-class electric SUV VF 8 in the European market, and will present two advanced electric buses, EB8 and EB12, equipped with LFP batteries from global suppliers [1] - The buses have a battery capacity of up to 422 kWh, a range of up to 400 kilometers, and fast charging capabilities of up to 140 kW, taking only 2-3 hours to fully charge [1] Group 2 - VinFast aims to strengthen its position as a comprehensive electric vehicle brand by providing advanced and intelligent public transport solutions, contributing to Europe's green transition and zero-emission public transport system [2] - The company seeks partnerships with top players in the European transport and infrastructure sectors, aligning its vision with the Paris Agreement and European green transition goals, targeting a 43% reduction in carbon emissions by 2030 [2] - In Vietnam, VinFast has established a complete electric bus ecosystem, producing 1,500 to 2,000 electric buses annually, with operations already in place before entering the European market [2]

Group 1 - VinFast announced the launch of a new series of electric motorcycles with the first model "Evo Max" set to be released in October 2025, starting at 20 million VND (approximately 5,800 RMB) [1] - The new series includes models "Feliz Max" (24.9 million VND), "Verox Max" (33.9 million VND), and "Drift Max" (39.9 million VND), all scheduled for market release within 2025 to meet diverse consumer needs [1] - The motorcycles feature an innovative dual-battery compartment design, allowing users to quickly replace batteries at public swap stations, with each battery having a capacity of 1.5 kWh and a maximum range of 85 kilometers under standard conditions [1] Group 2 - VinFast aims to provide a "faster, cheaper, and more convenient" travel experience through a dual-track strategy of affordable swap models and a comprehensive network of battery swap stations, contributing to the establishment of a green transportation ecosystem in Vietnam [2] - The company plans to build a total of 150,000 battery swap stations, with the first 1,000 stations expected to be operational by October 2025 and an expansion to 50,000 stations by the end of the year, completing the entire network within three years [2] - This infrastructure scale is expected to significantly surpass the existing gas station network, aiming to provide users with a more convenient, efficient, and secure travel experience [2]

Core Insights - VinFast has successfully opened its first authorized dealership in California, marking a significant step in its global strategy to expand its dealership network and commitment to American consumers [1][2][5] - The San Diego dealership will provide consumers with the opportunity to explore and test drive VinFast's electric SUVs, VF 8 and VF 9, while also offering comprehensive after-sales services [4][6] Dealership Expansion - VinFast is accelerating the development of its dealership network in the U.S., with California identified as a priority state due to its significant electric vehicle growth potential [3][5] - The company aims to fully transition to a franchise dealership model across all 50 states, having established nearly 30 authorized dealerships in 14 key states [5][6] Product Offering - The VF 8 is priced at an MSRP of $39,900 for the Eco trim and $44,900 for the Plus trim, with leasing options starting at $279/month; the VF 9 starts at $62,900 with leasing from $449/month [6] - All VinFast EV models in the U.S. come with a leading warranty of 10 years or 125,000 miles for the vehicle and a 10-year unlimited mileage warranty for the battery under non-commercial use [7] Strategic Vision - VinFast is committed to making electric vehicles more accessible and is implementing competitive sales policies in the U.S. market [6][9] - The company is also expanding its global presence into high-potential markets such as Indonesia, the Philippines, India, and the Middle East, while maintaining a diverse product range [8][10]

Core Insights - The automotive industry is evolving with advancements such as driverless vehicles and software-defined cars, making it an exciting time for investments in electric vehicle (EV) start-ups [2] - Selecting the right EV start-up is crucial for long-term investment success, as the market is highly competitive and risky [1][6] Company Analysis VinFast Auto - VinFast, a Vietnamese EV start-up, is backed by wealthy founder Pham Nhat Vuong and has a strong presence in its home market [3] - The company has invested at least $14 billion from various sources but reported a loss of $3.2 billion in 2024 [4] - VinFast is shifting focus to Asian markets like India and Indonesia due to challenges in entering the U.S. and European markets [4][5] - The company faces intense competition from Chinese EV start-ups that are gaining traction with advanced technology and lower prices [5][6] Lucid Group - Lucid Group, based in California, is also a high-risk, high-reward EV start-up that has begun to establish itself in the U.S. market [8] - The company delivered 3,309 vehicles in Q2, marking its sixth consecutive period of record deliveries, although sales volume remains low compared to competitors [9] - Lucid plans to accelerate production of its new Gravity electric SUV, which is expected to broaden its market reach [10] - A partnership with Uber and Nuro aims to develop a robotaxi service, with Uber planning to deploy over 20,000 Lucid vehicles and investing $300 million in the company [11][12] Industry Outlook - The automotive industry is expected to undergo significant changes in the next decade, with some EV start-ups likely to fail while others may emerge as major players [13] - Lucid shows more potential for growth compared to VinFast, despite both companies facing cash burn and the need for further funding [14]