VinFast delivers just 5 electric vehicles in August

By Tri Duc
Tue, September 13, 2022 | 10:32 am GMT+7

Vietnamese automaker VinFast delivered just five VF e34 electric vehicles to customers in August due to a shortage of components, according to a company report.

The startup, an automobile manufacturing arm of Vietnam's largest private conglomerate Vingroup, sold a total of 1,220 vehicles last month.

In addition to the five electric vehicles, the firm delivered 329 Fadil, 849 Lux A2.0, and 37 Lux SA2.0. gasoline-fueled cars.

VinFast stopped signing new gasoline car contracts in July as it switched its focus to electric vehicles under the VF brand. It said it was committed to fulfilling signed contracts for gasoline cars soon.

A VF e34 electric vehicle of VinFast. Photo courtesy of the company.

A VF e34 electric vehicle of VinFast. Photo courtesy of the company.

The firm sold 18,052 vehicles in the first eight months of the year: 2,208 VF e34 electric cars, 10,661 Fadil, 3,683 Lux A2.0, and 1,500 Lux SA2.0 cars. It handed over its first electric vehicles to customers last December.

VinFast delivered the first batch of VF 8 electric SUVs to customers last Saturday. It plans to ship 5,000 VF 8 units to the international market in November towards reaching customers in December.

VinFast factory in Haiphong city, northern Vietnam. Photo courtesy of VinFast.

VinFast factory in Haiphong city, northern Vietnam. Photo courtesy of VinFast.

In 2017, the automaker had kicked off construction of its first factory in the northern coastal and port city of Haiphong. It manufactures 12 brands of electric motorbikes, three brands of electric vehicles (VF e34, VF 8, and VF 9), and four gasoline car models (Fadil, Lux A2.0, Lux SA2.0, and President). VinFast made its debut at the Paris Motor Show in 2018, having its models endorsed by David Beckham.

Meawhile, the Vietnam Automobile Manufacturers’ Association (VAMA), which does not include VinFast and Hyundai, sold 232,094 vehicles in the first seven months of the year, up 39% year-on-year.

Comments (0)
  • Read More
Vietnam, Japan agree to target $5 bln annual investment, $60 bln trade by 2030

Vietnam, Japan agree to target $5 bln annual investment, $60 bln trade by 2030

Prime Ministers Le Minh Hung of Vietnam and Takaichi Sanae of Japan have signed six bilateral co-operation documents following summit talks at the Government headquarters.

Economy - Sat, May 2, 2026 | 4:01 pm GMT+7

Vietnam's top dairy producer Vinamilk posts Q1 profit of nearly $93 mln

Vietnam's top dairy producer Vinamilk posts Q1 profit of nearly $93 mln

Vinamilk (HoSE: VNM) reported a net profit of nearly VND2.46 trillion ($93.26 million) in the first quarter of 2026, up 55% from the same period last year, as the dairy producer met about a quarter of its full-year target after three months.

Companies - Sat, May 2, 2026 | 3:26 pm GMT+7

Vietnamese PM hosts welcome ceremony for Japanese counterpart

Vietnamese PM hosts welcome ceremony for Japanese counterpart

Prime Minister Le Minh Hung on Saturday morning hosted an official welcome ceremony for Japanese Prime Minister Takaichi Sanae, who is on a three-day official visit to Vietnam.

Politics - Sat, May 2, 2026 | 12:37 pm GMT+7

PV Oil completes 81% of full-year profit target in Q1

PV Oil completes 81% of full-year profit target in Q1

PV Oil, a subsidiary of state-owned Petrovietnam, reported a sharp surge in first-quarter earnings, achieving 81% of its full-year profit target within the first three months of 2026, driven largely by favorable inventory dynamics.

Companies - Sat, May 2, 2026 | 8:17 am GMT+7

Major players eye Vietnam’s wastewater treatment market

Major players eye Vietnam’s wastewater treatment market

Vietnam’s wastewater treatment sector is entering a transition phase as a growing number of large corporations signal plans to enter or expand investments, driven by rising environmental infrastructure demand and expectations of clearer wastewater pricing mechanisms.

Companies - Sat, May 2, 2026 | 8:00 am GMT+7

Work on $92 mln eco-urban resort project starts in northern Vietnam tourist hotspot

Work on $92 mln eco-urban resort project starts in northern Vietnam tourist hotspot

A consortium of Hong Phong ID Co. Ltd. and Ecopark Hai Duong JSC has broken ground on a VND2.42 trillion ($91.97 million) eco-urban tourism project in Vietnam's northern border province of Lao Cai.

Real Estate - Fri, May 1, 2026 | 9:08 pm GMT+7

Royal Shore Beachclub announces grand opening in Hoi An

Royal Shore Beachclub announces grand opening in Hoi An

Royal Capital Group on Thursday announced the grand opening of its newest beachfront destination, set along the pristine coastline of Hoi An.

Travel - Fri, May 1, 2026 | 6:48 pm GMT+7

Novaland posts Q1 profit of $33 mln, shares hit three-year high

Novaland posts Q1 profit of $33 mln, shares hit three-year high

Novaland (HoSE: NVL) reported a strong turnaround in the first quarter of 2026, swinging to a net profit of VND860 billion ($32.63 million) from a loss a year earlier, as revenue doubled on increased property handovers.

Companies - Fri, May 1, 2026 | 3:09 pm GMT+7

Vinaconex, Vietjet have new CEOs

Vinaconex, Vietjet have new CEOs

Vietnamese construction heavyweight Vinaconex on Wednesday appointed deputy CEO Pham Thai Duong as CEO and legal representative, replacing Nguyen Xuan Dong.

Companies - Fri, May 1, 2026 | 2:41 pm GMT+7

Japanese retailer Aeon Mall to build another shopping center in northern Vietnam

Japanese retailer Aeon Mall to build another shopping center in northern Vietnam

Japan’s Aeon Mall is set to invest nearly $150 million in a shopping mall project in the northern province of Bac Ninh, marking a further push into Vietnam’s fast-growing industrial localities.

Industries - Fri, May 1, 2026 | 10:59 am GMT+7

Hyosung Vina raises $7.6 mln in unsecured bond sale

Hyosung Vina raises $7.6 mln in unsecured bond sale

Hyosung Vina Chemicals, the Vietnam arm of South Korean chaebol Hyosung, has completed a VND200 billion ($7.59 million) domestic bond issuance, according to disclosures on the Hanoi Stock Exchange.

Companies - Fri, May 1, 2026 | 10:16 am GMT+7

Vietnam central bank to add new metrics to oversee banking activity

Vietnam central bank to add new metrics to oversee banking activity

The State Bank of Vietnam is proposing a set of new prudential metrics to strengthen oversight of banking operations, replacing the traditional loan-to-deposit ratio (LDR) with a broader framework aligned with Basel III standards.

Banking - Fri, May 1, 2026 | 8:00 am GMT+7

From national reunification to aspiration for an integrated development space

From national reunification to aspiration for an integrated development space

In 1975, Vietnam united the country through determination and a shared aspiration for independence. Today, in a very different context, the country faces a new challenge: unifying its market through institutional reform, writes Dr. Nguyen Sy Dung, former deputy head of the Office of the National Assembly - the country's legislature.

Economy - Thu, April 30, 2026 | 10:27 pm GMT+7

Vietjet seeks deeper engagement in Vietnam's aviation infrastructure development

Vietjet seeks deeper engagement in Vietnam's aviation infrastructure development

Vietjet, Vietnam’s first private airline, has proposed earlier and broader participation in Vietnam’s airport planning and infrastructure development, as the budget carrier looks to expand its role beyond flight operations into ground services and logistics.

Companies - Thu, April 30, 2026 | 9:42 pm GMT+7

Vietnamese giants kick off 4 mega projects in HCMC

Vietnamese giants kick off 4 mega projects in HCMC

The Ho Chi Minh City People’s Committee on Wednesday held a groundbreaking ceremony for four large-scale projects invested by Vietnamese conglomerates including Vingroup, Sun Group and Truong Hai Group (Thaco).

Economy - Thu, April 30, 2026 | 8:01 pm GMT+7

Vingroup starts work on $2.2 bln int'l university township in southern Vietnam

Vingroup starts work on $2.2 bln int'l university township in southern Vietnam

Vietnam’s conglomerate Vingroup (HoSE: VIC) on Wednesday broke ground on a VND59 trillion ($2.24 billion) international university township in Ho Chi Minh City.

Real Estate - Thu, April 30, 2026 | 12:38 pm GMT+7