Market Chatter: VinFast Auto Targets Vietnam Break Even by 2027, Global Profitability to Follow

MT Newswires Live07-22

VinFast Auto (VFS) expects to break even in Vietnam by 2027 and achieve global profitability shortly afterward, Bloomberg reported Wednesday, citing Deputy CEO of Investment Anne Pham at the Bloomberg Sustainable Business Summit in Singapore.

Pham said the company's low-cost VF 2 model received about 29,000 orders within three days of its early July launch, supporting domestic sales, according to the report.

Bloomberg said VinFast remains open to acquisitions and partnerships as it expands internationally and plans to increase manufacturing localization in India and Indonesia.

VinFast Auto did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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