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VinFast’s electric-vehicle strategy was the focus of discussions at the 2026 annual general meeting (AGM) of shareholders, where billionaire Pham Nhat Vuong outlined the group’s plans for reaching profitability and scaling production across Vietnam, Indonesia, and India.
Vuong addressed investor questions on when VinFast would achieve EBITDA breakeven in Vietnam, Indonesia, and India, and how many vehicles would need to be sold to reach that point.
He said the company is restructuring globally and expects VinFast to begin turning a profit in 2026 or 2027. He also noted that Vietnam is already profitable this year. Vuong previously suggested breakeven could occur in 2025 or 2026, but the latest guidance points to a broader restructuring-driven path to profitability.
On battery self-sufficiency, Vuong described a three-part approach: procurement, partnerships to manufacture, and internal production. He emphasized that VinFast will not produce everything in-house and will rely on partners.
Vuong reaffirmed that VinFast will remain an electric-car maker. He said the company is researching technologies to extend driving range.
He also indicated VinFast is exploring a gasoline-powered charging option for customers in areas with limited charging infrastructure, while maintaining that the vehicle would continue to run on electricity.
Green Smart Mobility (Green SM) is already leading in Vietnam and plans an IPO to raise capital and support volume growth. Vuong said that for VinFast’s 2026 target of 300,000 vehicles, more than 200,000 would be sold domestically, with the remainder sold internationally.
He also confirmed that Green SM will pursue an IPO.
On funding, Vuong said VinFast’s financing plan remains solid with no barriers, adding that the company has a detailed plan to ensure sufficient capital for operations and growth.
At the AGM, Vingroup’s performance and targets were also discussed.
Vingroup said it will continue strengthening three pillars—Technology-Industrial, Commerce-Services, and Social Welfare—and expand into Infrastructure, Green Energy, and Culture.
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