According to a disclosure on the National Enterprise Registration Portal, VinFast Production and Business Joint Stock Company (VinFast JSC) completed a capital increase of an additional 30,000 billion dong on 7/1, reaching 80,793 billion dong. This places its charter capital above Vingroup's 77,000 billion dong.

The company has a foreign shareholder, VinFast Auto LTD, holding 11.6% of its shares. VinFast Auto LTD is a legal entity within the ecosystem of the electric vehicle manufacturer currently listed in the US. As of 30/9/2025, VinFast JSC was a subsidiary of Vingroup, with a 99.9% voting stake.

Two VinFast car models at the Vietnam Mobility Show on 26/12/2025. *Photo: Hoang Giang*

In August 2025, billionaire Pham Nhat Vuong's group split VinFast JSC into two entities, reducing its charter capital from 156,000 billion dong to over 50,000 billion dong. The newly established entity is Novatech Research and Development Joint Stock Company, which operates in manufacturing automobiles, motorcycles, technology equipment, and electronic components. This entity holds assets related to investment costs for ongoing research and development projects. VinFast will lease the right to use these assets back from Novatech.

Billionaire Pham Nhat Vuong founded VinFast in 2017. Four years later, the company fully transitioned to electric vehicle production, discontinuing its gasoline-powered car segment. However, VinFast may introduce hybrid vehicles this year.

For the first nine months of 2025, VinFast reported 51,000 billion dong in revenue, equivalent to over 2 billion USD, an 85% increase from the previous year. Despite this growth, the company posted a net loss of 61,940 billion dong. As of 30/9/2025, the electric vehicle manufacturer had accumulated losses totaling 329,723 billion dong, leading to negative equity exceeding 99,000 billion dong. The company's total assets stood at 183,183 billion dong.

Trong Hieu