VinFast CEO addresses factory sales and expansion strategy

VinFast CEO Pham Nhat Quan Anh has addressed the company’s recent restructuring, which included the sale of two major factories in Vietnam and the transfer of $7 billion in debt to investors related to Pham Nhat Vuong and Vingroup. Regarding the sale of manufacturing assets, the company stated that vehicles will continue to be produced under long-term agreements based on VinFast’s design specifications and quality standards.

In the second quarter of 2026, VinFast sold 70,085 electric vehicles, bringing its first-half total to approximately 43% of its 300,000-unit annual target. While 89% of sales occurred in Vietnam during Q2, the company identified the Philippines, Indonesia, and India as key international markets. Investment Director Chien Nguyen also noted that the company is exploring further expansion into the Americas and Europe.