VinFast targets sales of more than 8,000 electric cars in the Philippines in 2026. According to Victor Vela, Deputy General Director in charge of Business, the company had delivered 5,417 vehicles through the end of September 2026 and expects sales of about 1,000 units per month from October to December; to hit the target, it needs at least 2,584 more sales in Q4, or about 861 per month. The VF3 now accounts for nearly 70% of its sales in the market, and customer waiting time has fallen to about one month from the 4 to 5 months seen during the March surge. Beyond expanding its dealer network, VinFast is promoting personalization options and battery leasing, which Vela says lower the upfront cost of the VF3.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Lãnh đạo VinFast Philippines tiết lộ về “độ hot” xe điện của tỷ phú Phạm Nhật Vượng: “Cứ có lô mới về là bán sạch”
Keywords
electric vehiclesVinFastPhạm Nhật VượngPhilippines
Open a keyword to see other news on the same topic.
Related tickers and likely impact
VIC
▲ Likely positiveVinGroup
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Real Estate |
| Industry | Real Estate Holding & Development |
| Market cap | 1,803,211 bn VND |
| P/E | 41.9 |
| P/B | 9.34 |
| Close on 11/04/2026 | 234.00 |
| Change that session | 0.00% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Billionaire Phạm Nhật Vượng Makes Big Move in US with Major Promotions for Green SM Customers
Green SM, the all-electric taxi brand of billionaire Phạm Nhật Vượng, has launched its service in Los Angeles, its first presence in North America and its 9th market worldwide. The service runs entirely on VinFast VF 8 EVs and can be booked through the app, hotline or by hailing a car on the street, starting 13/10 local time. New customers get 50% off fares, up to USD 12 per ride, for their first 5 trips, plus free Green Pass membership with 10 monthly codes giving 30% off, up to USD 10 each. Founded in 2023, Green SM says it has completed about 850 million trips covering nearly 6 billion km, cutting over 800,000 tonnes of CO₂ emissions. It plans to recruit and train local drivers in the US as it builds out its operations.
- Vietnam's Richest Engineer Loses Over $1 Billion in Just Hours
According to Forbes data as of October 19, Vietnamese billionaire Pham Nhat Vuong lost about $1.3 billion in just hours but remains Vietnam's richest person with $32.5 billion, ranking 68th globally. The main driver was a drop of more than 3.7% in Vingroup (VIC) shares to 207,000 dong, their lowest in nearly two months and about 19% below their September 4 peak. His wealth is mainly tied to Vingroup, VinFast (VFS) and LPBank (LPB) shares: he directly holds 703.8 million VIC shares (9.04%), and his investment firm VIG owns 32.5% of Vingroup and 32.9% of VinFast. Vingroup's market capitalization of 1.6 quadrillion dong keeps it the most valuable company on Vietnam's stock market, and TIME ranked it 340th in its World's Best Companies 2026 list, up nearly 500 places from 2025 and the only Vietnamese company on the list.
- Billionaire Pham Nhat Vuong adds nearly half a billion USD to VinFast Vietnam
Billionaire Pham Nhat Vuong has completed an additional capital injection of VND 11,000 billion (about USD 436.4 million) into VinFast Vietnam Joint Stock Company (VFVN), a subsidiary of VinFast Auto Ltd., according to a VinFast Auto report filed with the SEC on October 29. The funds were provided through VFVN issuing non-convertible dividend-preference shares to him, on terms similar to the shares issued in the third quarter of 2026, when he contributed VND 20,000 billion. Including both tranches, his total contributions through this method reach VND 31,000 billion, in addition to his earlier financial support commitments. The company said the aim is to further strengthen VFVN's financial capacity and provide resources for its growth plans. Pham Nhat Vuong, Vietnam's richest person with assets of USD 37.7 billion, said at Vingroup's 2024 shareholder meeting that Vingroup would never abandon VinFast.
- Phạm Nhật Vượng adds nearly half a billion USD to VinFast Vietnam
Phạm Nhật Vượng has added 436 million USD (about 11,000 billion VND) to VinFast Vietnam by subscribing to non-convertible dividend preference shares, according to a filing with the SEC. The company said the capital injection supports its growth initiatives. Vietcap noted the funds could be used to acquire Ngọc Hồi Real Estate, a member of the joint venture behind the Olympic Ngọc Hồi project, which covers about 9,171 hectares with planned total investment of 925,700 billion VND. Holders of dividend preference shares may receive priority in higher dividends, in exchange for possibly restricted voting rights at shareholder meetings. By the end of the second quarter, Vượng had injected about 40,500 billion VND into VinFast, the parent company of VinFast Vietnam, and he is Vietnam's and Southeast Asia's richest person with assets over 37 billion USD.
- Facing VinFast on Home Turf: What Opportunity for Elon Musk's Tesla?
Tesla has quietly set up a legal entity in Vietnam: Tesla Motors Việt Nam Co., Ltd. was established on 11/9/2026 in Ho Chi Minh City, with charter capital of about VND 77.7 billion (roughly US$3 million), registered for car wholesale and retail, and import-export. Tesla has not yet announced any models, prices or launch timing, and its current job openings are not linked to a factory, so observers view the entity as serving imported car sales and after-sales service. However, VinFast holds about 92% of Vietnam's electric vehicle market share, according to HSC data cited by CNBC, with advantages in showrooms, service centers and charging infrastructure, making the challenge difficult for Tesla. According to analysts, Model 3 and Model Y could be the first models, initially targeting high-income customers. Earlier, Starlink was licensed in February 2026, showing that both of Musk's major brands have established a presence in Vietnam within a year.
- VinFast CEO Phạm Nhật Quân Anh speaks out for first time on sale of 2 Vietnam factories
In his first exchange with analysts since taking over as CEO last month, Phạm Nhật Quân Anh said VinFast sold 70,085 electric vehicles in Q2 2026, bringing first-half sales to 43% of its 300,000-vehicle target for the full year. The company plans to launch more models, invest in autonomous driving technology and expand into more markets, including with affiliated taxi company Green SM. Vietnam accounted for 89% of its Q2 EV sales, while the Philippines, Indonesia and India are the key overseas markets, with the Americas and Europe under review. As part of its restructuring, VinFast sold two major factories and transferred 7 billion USD of debt to investors linked to Phạm Nhật Vượng and Vingroup, but said vehicles will still be produced under long-term manufacturing agreements. It also plans to launch its first gasoline-assisted EV, while the VF Wild REEV, its first range-extended EV, is the latest model.
Related markets
Latest news
- 3 Nasdaq-100 Stocks That Can Double, According to Wall Street
The Nasdaq-100 returned 20.6% annually over the last 10 years, compared with 15.5% for the S&P 500. Based on Wall Street's median target prices, consensus estimates suggest all three stocks could double investors' money over the next year, with the highest implied upside at CoreWeave (target of $130 vs. a current $54, or 140%), Nebius Group ($300 vs. $150, 100%) and Alnylam Pharmaceuticals ($317 vs. $158, 100%). CoreWeave's second-quarter revenue rose 112% to $2.5 billion, but interest expense rose 140% and consumed 25% of sales as the company leans heavily on debt. Nebius' second-quarter revenue soared 454% to $582 billion, and SemiAnalysis placed it in the platinum tier in September 2026. Alnylam's third-quarter product revenue rose 52% to $1.2 billion, driven by its TTR franchise.
- Judge Orders Bitcoin Wallet Returned to Family of Convicted Canadian Killer
Nova Scotia Supreme Court Justice John Bodurtha ordered a laptop containing a Bitcoin wallet returned to the family of William Sandeson, who is serving a life sentence for the 2015 murder of Taylor Samson. The judge found the Crown had not proved the cryptocurrency was used in the drug transaction, was proceeds of crime or was otherwise tainted, calling its use in the deal 'hypothetical.' Sandeson has put the wallet's value at about $5,800 to $7,200 (C$8,000 to C$10,000), while a lawyer for Samson's family said it could be worth more than $144,000 (C$200,000). About $3,600 (C$5,000) in cash found in the apartment was ruled offence-related property and will not be returned. Sandeson was convicted of second-degree murder at a 2023 retrial, despite claiming he acted in self-defense, and will be eligible for parole in 2030.
- Will Crypto Rally After the Midterm Elections? If History Is Any Guide, This Happens Next.
Bitcoin has historically performed strongly in the year after midterm elections, rising 1,579% in 2010-11, 24.1% in 2014-15, 44.9% in 2018-19 and 92.1% in 2022-23. Excluding the 2010-11 cycle, when the market was much smaller, Bitcoin gained an average of 54% in the year after midterms, according to CoinDesk. This cycle could differ: Trump has issued executive orders on a Strategic Bitcoin Reserve, Congress passed the Genius Act for stablecoins, but the Clarity Act has not passed, and Democrats are favored to win control of Congress and may demand more concessions from Trump. Bitcoin has typically surged for 12 to 18 months after its four-yearly halvings before falling into a bear market, so the post-midterm gains may partly reflect that pattern rather than the midterms themselves. Crypto remains extremely volatile, making near-term outcomes difficult to predict.
- Justin Sun seeks $264K sanctions over World Liberty's UAE disclosure
Justin Sun is asking the court to impose $263,821.20 in sanctions on World Liberty Financial and its lawyers, accusing the company of a misleading disclosure about its ownership in a dispute over his $45 million WLFI token investment. According to the filing, World Liberty first listed Florida as its sole citizenship, then nearly three months later amended the disclosure to identify 22 individuals and entities in its ownership chain, including parties in the UAE. The amendment came six days after a federal judge questioned the company's bid to move Sun's claims into arbitration. World Liberty later argued that its UAE citizenship deprived the federal court of jurisdiction, while Sun said he plans to refile in California state court once the sanctions motion is resolved, with a hearing set for Dec. 10.
- Palantir Just Did This for the First Time Ever. Is the Stock a Buy?
Palantir (PLTR) reported third-quarter revenue up 96% to $2.3 billion and raised some full-year forecasts. For the first time, its U.S. commercial revenue ($984 million) surpassed its U.S. government revenue ($953 million), as its U.S. commercial customers grew from fewer than 20 a few years ago to more than 600. The stock is still described as expensive, at more than 100x forward earnings estimates, while new U.S. commercial contract value reached $1.4 billion in the third quarter, up 11%, after $2.1 billion (up 153%) in the second quarter. The author views the stock as a better fit for aggressive investors willing to hold for the long run.
- West Red Lake Gold Announces Integrated PFS Delivering C$764 Million Post-Tax NPV and Annual Gold Production of 100,000 Ounces Once Rowan Enters Production
West Red Lake Gold (TSXV: WRLG) released an integrated pre-feasibility study for its 100%-owned Madsen Mine and the Rowan Project in Ontario's Red Lake district. The 10-year plan targets about 884 thousand ounces of recovered gold, averaging 88 thousand ounces a year and 108 thousand ounces a year from 2029 to 2034, when Rowan begins production. At a long-term gold price of US$3,568 per ounce, after-tax NPV is C$764 million; at a gold price 10% higher (US$4,161 per ounce), NPV rises 31% to C$1.0 billion. LOM cash costs are US$1,795 per ounce and AISC is US$2,457 per ounce, with C$200 million of growth capital needed. The plan excludes the Wedge, Russet and Mount Jamie deposits and possible depth extensions, which the company says could extend mine life through future drilling, engineering and permitting.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.