The September automotive market witnessed a memorable milestone as, for the first time, a Vietnamese electric vehicle manufacturer surpassed all international gasoline and electric vehicle brands to become the best-selling brand in the market. The number of cars sold in one month by the Vietnamese company was 1.5 times that of Toyota in second place, and even 2-3 times higher than brands like KIA, Honda, and Ford. Following this September success, VinFast continued to deliver a large number of electric vehicles to customers in October, with over 11,000 units, bringing the cumulative total to over 51,000 units, maintaining its position as the number one best-selling car brand in Vietnam for the first 10 months of the year. VinFast becoming the best-selling car brand in Vietnam is a significant milestone, marking a turning point for the country's automotive industry. In just five years since entering the market, VinFast has not only solidified its position but also officially surpassed foreign car manufacturers to capture the largest market share. This historic milestone for VinFast has received widespread support from the Vietnamese consumer community. On a forum with over 200,000 members who share a passion for mobility, many people sent congratulatory messages to the Vietnamese electric car company. "For decades, we've only seen foreign car brands occupying the top positions in sales rankings. The fact that a Vietnamese car company has surpassed all foreign brands and taken the lead in the Vietnamese market is something to be proud of for all of us," wrote a member named Tran Trung Kien.
Notably, this memorable milestone for VinFast was achieved just over two years after officially shifting to purely electric vehicles. This is something no other car manufacturer in the world has been able to do. The support and contributions of hundreds of thousands of VinFast customers, affirmed by Mr. Pham Nhat Vuong, Chairman of Vingroup and CEO of VinFast Global, is the key factor that helped VinFast achieve this feat. Mr. Pham Nhat Vuong respectfully expressed his gratitude to those who bravely and proactively supported a young Vietnamese brand, patiently using and providing feedback on VinFast's products and services in the early days. Thanks to their support, VinFast has made remarkable improvements and advancements in product and service quality, leading to its current success. Looking back at its five-year journey since its establishment, VinFast has consistently made waves with its impressive breakthroughs, such as: making Vietnam one of the countries with the highest number of charging ports in the region and the world, surpassing even the US and China; helping Vietnam become the world's first country to export transportation services; and launching a pioneering unit to deploy a franchised charging station model in Vietnam… Each breakthrough has left the world in awe.
In the Vietnamese market, VinFast electric vehicles have shifted the commuting habits of Vietnamese people. "My family used to own a gasoline car, but I rarely drove it because I was apprehensive and lacked confidence in navigating crowded urban areas. However, after driving the VF 8, everything changed completely. The smart features and driver assistance systems gave me the confidence to drive all day long. When my husband planned to buy a VF 8, I was quite hesitant, but after driving it for a while, the VF 8 became a close companion. The car helps women like me overcome any road challenges," shared Ms. Dang Huyen, a VF 8 owner, about her experience using VinFast's electric D-SUV. Especially with the powerful technological assistance integrated into the vehicle and the nationwide charging station network, VinFast electric vehicles have accompanied many drivers on numerous long journeys and cross-Vietnam trips over the past period. Many electric vehicle owners acknowledge that switching to electric vehicles was the right decision due to the extremely cost-effectiveness. "If you travel an average of 1,000 km per month, the charging cost is only about 400,000 VND, equivalent to 400 VND per km," said Tran Minh Kien, a VF 5 Plus owner in Hanoi . From initial hesitation, electric vehicles have confidently conquered all customer segments on every road. Furthermore, VinFast continuously offers incredibly attractive policies regarding maintenance, after-sales service, and support, meeting all requirements to encourage Vietnamese users to confidently switch from gasoline to electric vehicles.
Before making history in the automotive market, billionaire Pham Nhat Vuong's Green Taxi brand, SM, had already surged to third place in the ranking of ride-hailing technology companies in Vietnam. Vietnam's first electric ride-hailing app, after only a short time on the market, has shaken the dominant position of a foreign giant that had ruled the market for a decade. The founder of VinFast once shared that becoming a 100% electric vehicle manufacturer was VinFast's vision from its inception and its initial aspiration: Every strategy is not just about profit. It's about a vision for a sustainable future for people and the planet through green, clean, and safe transportation. Therefore, each achievement is not only of great significance to VinFast's business operations but also a crucial milestone in the effort to build a greener future for everyone through sustainable transportation. "Transportation is a key element in human achievements because it provides opportunities for individuals and society as a whole. However, revolutions in the transportation industry also create many challenges for our planet, threatening the balance between the environment and human development. Now, we have a mission to bring everyone access to green transportation at affordable prices, aiming for sustainable development on a global scale," the VinFast leader emphasized.
Supporting VinFast's approach, economist Associate Professor Tran Dinh Thien, former Director of the Vietnam Institute of Economics, affirmed that this is an "extremely sound" strategic choice. Vietnam's automotive industry, compared to the world, lags far behind. VinFast, a newly established company, instead of following the competition in the same segment, chooses to be a "pioneer," directly targeting the newest market and the most advanced technology available. According to Associate Professor Tran Dinh Thien, green development is a historical mission of the times, a global task. It is not only of immense importance but also a vital imperative for the entire world, for all nations, and Vietnam cannot stand outside of it. We have made strong commitments to green transition with the world, and the "zero carbon 2050" goal is one of them. Although lagging behind and not yet truly powerful, Vietnam dares to accept challenges and take action. In particular, Vietnam views these challenges as a historical and momentous opportunity, a powerful driving force to surpass and catch up with the world. However, in reality, the impact of the green transition on society and businesses has not yet been sufficiently effective. Vietnam needs a truly strong impetus, and VinFast's early transition from gasoline to electric vehicles is not just a symbolic act, but also sends a clear message that Vietnam must act now, and act decisively. "From a position of considerable skepticism, Vingroup, through its decisive and strong actions over the past period, has proven its commitment to green transformation is truly serious and yields concrete results. VinFast announced its transformation into a purely electric vehicle manufacturer just two years after establishing itself. This is a truly courageous act, taking on all the challenges themselves, but at the same time clearly demonstrating their determination to contribute to green development, in line with the trends of the times. It is clear that their motivations have gone far beyond purely profit motives; instead, they are driven by dedication and contribution to fulfilling Vietnam's commitment and achieving the green development goals of all humanity. The achievements not only inspire great enthusiasm in the field of green development but also demonstrate that Vingroup has overcome the most difficult period to maintain its position and contribute to Vietnam's standing in the world," Associate Professor Dr. Tran Dinh Thien observed.
VinFast holds the number one market share in Vietnam with exceptionally high sales of the VF 3 and VF 5, even exceeding the sales of many brands for an entire year, demonstrating the growing consumer preference for electric vehicles and support for green mobility. Associate Professor Tran Dinh Thien analyzed: Vietnamese consumers have somewhat changed their perceptions, gradually absorbing the urgency of green development and green transportation transitions, but not yet to the point of strongly advocating for electric vehicle purchases as seen recently. This awareness is coupled with economic motivation, driven by VinFast's surprising incentive commitments. From free electricity for two years, complimentary maintenance packages, interest rate and risk-relief support for accessing loans, to support in creating a convenient charging network and minimizing procedures during the vehicle exchange process… VinFast has advanced capital and invested heavily to encourage change in the market. Along with effective marketing strategies, offering early bird deals and special benefits , VinFast has directly targeted economic interests, creating an incentive for people to want to buy electric vehicles. VinFast does this so that people understand, choose electric vehicles, and benefit from them, contributing to a green society.
According to Mr. Tran Dinh Thien, every achievement requires sacrifice, and it must be affirmed that VinFast is easing the burden on the state and society. This action is also in line with the many charitable, community, and social programs that Vingroup has undertaken in the past. These always involve huge expenditures in exchange for significant benefits to society. However, a single enterprise cannot sustain this burden. Green transformation cannot be a solitary action by individual businesses; it requires the joint efforts of the business community in all sectors and of every citizen. Consumers need to understand the purpose of the businesses to feel proud and supportive, while the state should approach the use of electric vehicles as a national program. For example, government vehicles will soon be converted to electric vehicles; this will not only create a market but also support a Vietnamese enterprise in building a national brand and competing internationally. Furthermore, businesses need the support and cooperation of local authorities to implement green transportation transformation programs towards green cities, similar to what Nha Trang City is pursuing. "Such programs will be of great significance to businesses and will spread green values to society much faster," emphasized economist Associate Professor Dr. Tran Dinh Thien. Associate Professor Dr. Nguyen Hong Thai (University of Transport) shared the view that Vietnam's green transportation transformation process requires significant policy support. To promote the development of personal electric vehicles, regulatory agencies need to research and develop a roadmap for electric vehicle development with a clear vision and objectives, particularly by providing financial incentives for the production, ownership, and use of electric vehicles; and policies to promote the development of battery swapping systems. Simultaneously, a comprehensive system of regulations and standards related to electric vehicles should be established, applying mandatory fuel consumption standards for cars and motorcycles. Specifically, the roadmap from now until 2030 must promote the production, assembly, import, and conversion to electric road vehicles; and develop charging infrastructure to meet the needs of people and businesses. By 2040, the production, assembly, and import of cars, motorcycles, and scooters using fossil fuels should be restricted and eventually stopped for domestic use. After 2050, 100% of road vehicles and construction vehicles participating in traffic will be converted to using electricity and green energy; all bus stations and rest stops will meet green criteria; and all machinery and equipment used for loading and unloading using fossil fuels will be converted to using electricity and green energy…
The September automotive market witnessed a memorable milestone as, for the first time, a Vietnamese electric vehicle manufacturer surpassed all international gasoline and electric vehicle brands to become the best-selling brand in the market. The number of cars sold in one month by the Vietnamese company was 1.5 times that of Toyota in second place, and even 2-3 times higher than brands like KIA, Honda, and Ford. Following this September success, VinFast continued to deliver a large number of electric vehicles to customers in October, with over 11,000 units, bringing the cumulative total to over 51,000 units, maintaining its position as the number one best-selling car brand in Vietnam for the first 10 months of the year. VinFast becoming the best-selling car brand in Vietnam is a significant milestone, marking a turning point for the country's automotive industry. In just five years since entering the market, VinFast has not only solidified its position but also officially surpassed foreign car manufacturers to capture the largest market share. This historic milestone for VinFast has received widespread support from the Vietnamese consumer community. On a forum with over 200,000 members who share a passion for mobility, many people sent congratulatory messages to the Vietnamese electric car company. "For decades, we've only seen foreign car brands occupying the top positions in sales rankings. The fact that a Vietnamese car company has surpassed all foreign brands and taken the lead in the Vietnamese market is something to be proud of for all of us," wrote a member named Tran Trung Kien. 
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