VinFast Auto (VFS) Is Down 5.0% After Revenue Doubles but Losses Widen in Q2 Earnings

• VinFast Auto recently reported its second quarter 2025 results, showing revenue reached ₫16.6 trillion, nearly double the previous year's figure, despite net losses widening to ₫20.32 trillion.
• This substantial top-line growth, amid persistent losses, points to the company's ability to capture higher sales but also highlights ongoing financial risks as it expands its electric vehicle operations globally.
• We'll look at how surging revenue growth in VinFast Auto's latest earnings update could reshape its outlook in emerging EV markets.

Find companies with promising cash flow potential yet trading below their fair value.

VinFast Auto Investment Narrative Recap

To be a shareholder in VinFast Auto, you have to believe the company's rapid revenue growth, nearly doubling year over year, will eventually lead to profitability in emerging EV markets despite ongoing heavy losses. The latest quarterly results show stronger sales momentum, but the widening net loss means the most pressing short-term catalyst remains achieving operational scale and cost reduction, while the biggest immediate risk is persistent cash burn; this news maintains the status quo for both.

One of the most relevant recent announcements is the opening of VinFast's first authorized dealership in California, which signals the company's expanded effort to increase vehicle sales in the United States. This move ties directly to the revenue growth catalyst, suggesting that VinFast is prioritizing international expansion to tap new markets, which could help drive the sales volumes it needs to improve earnings in the long run.

However, investors should also be aware that, despite the impressive revenue growth, the company’s negative cash flow and liquidity position remains a...

Read the full narrative on VinFast Auto (it's free!)

VinFast Auto's narrative projects ₫177,527.7 billion revenue and ₫8,991.9 billion earnings by 2028. This requires 48.9% yearly revenue growth and a ₫91,207.8 billion increase in earnings from the current ₫-80,215.9 billion.

Uncover how VinFast Auto's forecasts yield a $5.83 fair value, a 81% upside to its current price.

Exploring Other Perspectives

Fair value estimates from two members of the Simply Wall St Community range widely, from US$5.83 to US$88 per share. Amid these contrasting outlooks, the company’s ongoing reliance on external financial support continues to shape debate about long-term sustainability.

Explore 2 other fair value estimates on VinFast Auto - why the stock might be worth just $5.83!

Build Your Own VinFast Auto Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your VinFast Auto research is our analysis highlighting 2 key rewards and 3 important warning signs that could impact your investment decision.
• Our free VinFast Auto research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate VinFast Auto's overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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