VinFast二季度净亏损收窄至5600万美元全靠出售越南工厂，持续经营亏损扩大至12.4亿美元，股价盘中跌约7.7%

HO CHI MINH CITY -- Electric vehicle maker VinFast reduced its net loss to $56 million in the second quarter of 2026, due mainly to the sale of its factories in Vietnam.
The Nasdaq-listed company said its $1.24 billion loss from continuing operations represented a 48% increase from the previous quarter, but was largely offset by a $1.18 billion gain from discontinued operations.
The company said Monday that it sold 70,085 EVs in the second quarter, bringing its first-half total to 43% of its full-year target of 300,000 vehicles.
VinFast will introduce more models, invest in autonomous driving and expand into more markets alongside its taxi affiliate, Green SM, according to CEO Pham Nhat Quan Anh.
"These initiatives are designed to support sustainable volume growth, improve operating leverage, and advance our path to profitability," Quan Anh said in his first call with analysts since taking the reins last month at the company founded by his father, Pham Nhat Vuong.
VinFast sold 89% of its EVs in Vietnam in the second quarter but said the Philippines, Indonesia and India will be key markets for overseas sales.
"We are also exploring the possibility of going to a few other regions, in the Americas, in Europe, and further," Chief Investment Officer Chien Nguyen said on the earnings call. "And we probably will be in a better position to announce this in the coming quarter when things crystallize."
In recent years, the carmaker has shifted its focus away from the U.S., where the fate of its delayed North Carolina plant is uncertain after the state sued VinFast for missing deadlines and job creation targets.
Vuong, Vietnam's richest man, did not convince Americans to buy VinFast models, but he is seeing whether they will ride in them instead. Green SM, the taxi service he started that operates solely with VinFast EVs, recently debuted in Los Angeles.
VinFast is still targeting U.S. drivers, however, saying in August that it plans to roll out another model, the V7 compact SUV, there this year and work with more dealers. It also aims to introduce electric buses in the U.S. in 2026.
The company has moved some manufacturing off its books under a restructuring that includes selling its two main factories and transferring $7 billion in debt to investors linked to Vuong and parent company Vingroup.
Asked on the earnings call whether the disposals contradict VinFast's focus on production and vertical integration, the company said the vehicles will still be made "under long-term manufacturing agreements, based on our design specifications and quality standards."
"We continue to hold and operate our plants in India and Indonesia, supporting local production," Quan Anh said. The asset-light "model allows us to allocate more capital to technology, product, and international expansion."
The newest VinFast model is the VF Wild REEV, its first range-extended EV. Such cars generally include a small internal combustion engine to generate electricity when needed to boost the electric motor.