VinFast’s Vietnam Sales Surge as EVs Enter a Tipping Point
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VinFast delivered 21,781 electric vehicles in Vietnam in July, bringing its sales for the first seven months of 2026 to 137,697 vehicles and putting the company on course to substantially exceed last year’s record in its home market.
July deliveries increased 21.3% from June’s 17,955 vehicles. The seven-month total is already equivalent to 79% of the 175,099 vehicles VinFast delivered in Vietnam during all of 2025.
The scale becomes clearer against Vietnam’s overall automobile market. Reported sales from VinFast, members of the Vietnam Automobile Manufacturers Association and Hyundai Thanh Cong totaled 604,134 vehicles in 2025, according to VnExpress. VinFast’s 175,099 deliveries represented about 29% of that combined market.
That figure does not capture every vehicle sold in Vietnam. Several luxury brands and imported-vehicle manufacturers, including a growing number of Chinese brands, do not publish detailed sales figures. Even so, the reported market provides a useful benchmark for the scale of VinFast’s domestic business.
The company’s July figures also show where that growth is coming from.
The Limo Green was VinFast’s strongest-selling model for the year through July, with 32,331 deliveries. The seven-seat electric MPV accounted for 4,404 deliveries in July alone and has become a major part of VinFast’s push into commercial transportation.
The smaller VF 3 led the company in July, with 5,564 units delivered. Its year-to-date total reached 29,345 vehicles.
The VF 5 and its Herio Green commercial variant together contributed another 4,407 deliveries in July, bringing their combined seven-month figure to 24,574.
The sales mix is significant because Vietnam’s EV transition is not confined to larger passenger vehicles. VinFast’s strongest volumes are increasingly coming from relatively compact models and vehicles designed for high-mileage commercial use.
The Minio Green illustrates the strategy at the lower end of the market. VinFast delivered 2,429 of the tiny four-seat electric cars in July after reducing its listed price to 188 million Vietnamese dong, roughly $7,100. The company markets the Minio Green as an urban vehicle and an alternative to motorcycles.
That puts the Minio Green in a part of the market where the economics of electrification can be quite different from those of larger EVs. A small battery, modest motor and compact body are sufficient for short urban journeys, while commercial operators can accumulate enough mileage to make energy and maintenance costs a significant consideration.
The VF 2 is expected to push that strategy further. VinFast began taking reservations for the small electric model in July and received 28,742 reservations, according to the company. Deliveries are scheduled to begin in September.
The larger VF 6 and VF MPV 7 also maintained their pace in July, with 1,993 and 1,674 deliveries respectively. Their year-to-date totals reached 16,038 and 10,851.
VinFast’s Green-branded vehicles are particularly relevant to Vietnam’s transportation sector. The company has developed the range for taxi, ride-hailing and other commercial applications, where vehicles can spend most of the day on the road. The Limo Green’s sales performance suggests that fleet operators are becoming an important source of EV demand rather than simply a secondary market.
This is one reason Vietnam’s electric-vehicle market is worth watching beyond VinFast itself. The country has a large motorcycle population and a rapidly expanding urban transportation sector. The most important EVs may therefore not be premium sedans or large SUVs, but smaller vehicles capable of replacing conventional cars, taxis and eventually some motorcycle trips.
VinFast’s domestic performance has also become increasingly important to the company globally.
In 2025, Vietnam accounted for 175,099 of the 196,919 EVs VinFast delivered worldwide. That means roughly nine out of every 10 vehicles delivered by the company last year went to customers in its home market.
The concentration gives VinFast a substantial base from which to expand, but it also shows how dependent its current sales performance remains on Vietnam. The company’s international operations have yet to approach the scale of its domestic business.
Within Vietnam, however, the numbers are difficult to ignore.
VinFast’s 2025 deliveries were almost double its 2024 volume and gave it about 29% of the reported automobile market. Toyota, the country’s largest conventional automaker by sales, delivered 71,954 vehicles in 2025, according to Vietnamese market data.
The company is now entering the second half of 2026 with additional products arriving. VinFast expects to begin deliveries of the new-generation VF 8 in August, while the VF 2 is scheduled to reach customers in September.
If the company maintains its current pace, 2026 will mark another major increase in domestic EV sales.
More importantly, the composition of those sales suggests that Vietnam’s transition is broadening. Electric vehicles are appearing not only in private driveways but in taxi fleets, ride-hailing services and increasingly affordable segments of the passenger-car market.
That is the more consequential story behind VinFast’s July numbers. The company is selling a lot of electric vehicles, but the models generating those volumes indicate that electrification in Vietnam is moving into everyday transportation rather than remaining a premium alternative to gasoline-powered cars.
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