Stock Markets February 9, 2026

VinFast Sets 2026 Global Delivery Goal at 300,000 Electric Vehicles

Vietnamese automaker raises its production target amid expansion in select Asian markets while citing challenges in North America and other regions

By Priya Menon
VinFast Sets 2026 Global Delivery Goal at 300,000 Electric Vehicles

VinFast announced a target to deliver 300,000 electric vehicles worldwide in 2026, up sharply from its nearly 197,000 deliveries in 2025. The company is prioritizing growth in India, Indonesia and the Philippines and expects a sizable increase in two-wheeler shipments. VinFast will publish its fourth-quarter and full-year results prior to market open on March 16.

Key Points

  • VinFast is targeting 300,000 global EV deliveries in 2026, up from nearly 197,000 in 2025 - impacts the automotive and EV manufacturing sectors.
  • The company is prioritizing market expansion in India, Indonesia and the Philippines, which affects regional EV adoption and logistics planning.
  • Two-wheeler deliveries are expected to rise to at least 2.5 times the 2025 total of 406,498 units, influencing two-wheeler manufacturing and supply-chain dynamics.

VinFast has set a 2026 global delivery objective of 300,000 electric vehicles, the company said on Monday. That goal represents a clear step up from the automaker's pace in 2025, when it recorded nearly 197,000 vehicle deliveries worldwide.

The manufacturer is concentrating its expansion efforts on selective Asian markets, naming India, Indonesia and the Philippines as focal points for demand growth. Alongside its four-wheel vehicle ambitions, VinFast also anticipates a substantial rise in its two-wheeler output. Management expects two-wheeler deliveries in 2026 to reach at least 2.5 times the 2025 total of 406,498 units.

Those targets underline the company's intent to scale volumes in markets where it sees traction, while acknowledging a more cautious outlook elsewhere. VinFast has struggled to build momentum in North America and other international regions, where it faces stiff competitive headwinds and slower consumer uptake.

The company said it will release fourth-quarter and full-year financial results before markets open on March 16. The upcoming report should provide greater detail on how production, shipments and regional performance translated to revenue and margins for the most recent fiscal year.

From a production and supply-chain perspective, the jump from nearly 197,000 delivered vehicles in 2025 to a 300,000 target for 2026 implies a substantial increase in manufacturing throughput, inventory flow and logistics capacity. Similarly, the projected more-than-doubling of two-wheeler deliveries versus the 406,498-unit base in 2025 will require conversion of production backlog into fulfilled orders at a markedly higher rate.

While the company is pushing to capitalize on growth opportunities in several Asian markets, its mixed performance internationally highlights the uneven demand environment for electric vehicles. VinFast's announced targets and the forthcoming financial release will be closely watched by industry stakeholders assessing its ability to translate higher volume targets into consistent financial outcomes.

Risks

  • Continued weak consumer demand and intense competition in North America and other international regions could hinder VinFast's ability to achieve its global delivery target - poses a risk to automotive sales and international market expansion.
  • Scaling production to meet the 2026 target requires substantial increases in throughput and logistics execution; any supply-chain or operational disruptions would threaten delivery volumes - affects manufacturing and supply-chain sectors.

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