We participated in VinFast’s (Nasdaq: VFS) inaugural earnings call held on September 21, during which the company discussed its Q2 2023 earnings results and medium-term strategy.

VFS expects to ramp up EV deliveries in H2 2023, aiming to meet its full-year delivery target of 40,000 to 50,000 units. Management remains optimistic on VFS’s future, citing the rapid growth expected in the EV industry and the substantial support pledged by Chairman Mr. Pham Nhat Vuong and Vingroup (HOSE: VIC), which should bolster VFS in its journey toward profitability in the coming years. 

For more in-depth information on our forecasts for VIC’s industrial segment (mainly VinFast), please refer to our VIC Update Report, published August 25, 2023.

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