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GlobalData blog: Shifting gears: VinFast’s leadership changes and strategic direction
onal debut at the 2018 Paris Motor Show, unveiling the LUX A2.0 and SA2.0 – both rebadged versions of the BMW 5 Series and X5 – rather than launching them domestically in Vietnam. By 2019, VinFast commenced production and sales of its initial line-up, which included the LUX A2.0, SA2.0, and the Fadil, a rebadged Chevrolet Spark. That year, the company sold approximately 8k Internal Combustion Engine (ICE) vehicles in Vietnam. VinFast’s rapi...
News Updated at: 2025/02/20
VinFast Vietnam records sales of 1,220 cars in August 2022
VinFast Vietnam records sales of 1,220 cars in August 2022 Announced on September 12, 2022, VinFast Vietnam, in August 2022, achieved sales of 1,220 cars (down 47.2% YoY and 42.9% MoM), including 329 units of Fadil, 849 Lux A2.0 cars, 37 units of Lux SA2.0, and 5 VF e34 electric cars. The sales decline is mainly due to the small number of inventory orders of the 3 gasoline car lines, while the VF e34 electric car model is still facing difficultie...
News Updated at: 2022/09/13
VinFast Vietnam records sales of 2,137 cars in July 2022
VinFast Vietnam records sales of 2,137 cars in July 2022 Announced on August 10, 2022, VinFast Vietnam, in July 2022, achieved sales of 2,137 cars (down 43.5% YoY and 14.2% MoM), including 766 units of Fadil, 1,085 Lux A2.0 cars, 224 units of Lux SA2.0, and 62 VF e34 electric cars. VinFast noted a high sales month for Lux A2.0, with sales surpassing 1,000 units. However, difficulties in the supply chain of components continue to hit the product...
News Updated at: 2022/08/11
VinFast officially announces cessation of gasoline car business
VinFast officially announces cessation of gasoline car business On July 15, 2022, VinFast officially announced that it will stop selling gasoline cars after the last batch of VinFast Lux and Fadil models were ordered by customers. VinFast will focus on production of its gasoline cars until the end of August 2022 to deliver them to contracted customers, and eventually switch to focus entirely on EV production. The cessation of VinFast’s gasoline...
News Updated at: 2022/07/18
VinFast Vietnam records sales of 2,490 cars in June 2022
VinFast Vietnam records sales of 2,490 cars in June 2022 On July 12, 2022, VinFast Vietnam announced sales of 2,490 cars recorded in June 2022, consisting of 1,338 Fadil cars, 359 Lux A2.0 cars, 11 Lux SA2.0 cars, and 782 VF e34 cars in June 2022. This is the month with the highest number of VF e34 electric cars handed over to customers since the beginning of 2022.Due to difficulties in supply of components, the number of Lux A2.0 and Lux SA2.0 c...
News Updated at: 2022/07/12
VinFast Vietnam records sales of 3,050 cars in May 2022
VinFast Vietnam records sales of 3,050 cars in May 2022 On June 14, 2022, VinFast Vietnam announced sales of 3,050 cars recorded in May, up 25.6% MoM, of which sales of Fadil reached 1,909 units, Lux A2.0 sold 425 units, Lux SA2.0 sold 268 units, while over 448 units of VF e34 cars were delivered to customers, the third consecutive month of surpassing 400 units. All VinFast models sold on the market recorded impressive growth in May, even some mo...
News Updated at: 2022/06/16
VinFast Vietnam records sales of 2,427 cars in April 2022
VinFast Vietnam records sales of 2,427 cars in April 2022 Reported on May 10, 2022, VinFast Vietnam recorded sales of 2,427 cars in April 2022 (down 10.7% YoY). VinFast Fadil continues to be the brand’s best-selling model in April with 1,654 units delivered. The VF e34 electric car has the second highest sales volume with 406 units, while its YTD sales already reached 911 units. VinFast said it is currently trying to solve problems with the su...
News Updated at: 2022/05/11
VinFast Vietnam sees 49.0% YoY sales increase in March 2022 with 3,471 units
VinFast Vietnam sees 49.0% YoY sales increase in March 2022 with 3,471 units Reported on March 10, 2022, VinFast Vietnam recorded sales of 3,471 cars in March 2022 (down 49.0% YoY), contributed by 2,567 Fadil cars, 309 Lux A2.0 cars, 183 Lux SA2.0 cars, and 412 units of VF e34 EV.Accumulated sales of VinFast in the first 3 months of 2022 reached 6,728 cars, including 4,665 units of Fadil, 678 Lux A2.0 cars, 880 Lux SA2.0 cars and 505 units of VF...
News Updated at: 2022/04/15
VinFast Vietnam sees 32.8% YoY sales decline in February 2022 with 1,154 units
VinFast Vietnam sees 32.8% YoY sales decline in February 2022 with 1,154 units Reported on March 10, 2022, VinFast Vietnam recorded sales of 1,154 cars in February 2022 (down 32.8% YoY), contributed by 697 Fadil cars, 170 Lux A2.0 cars, 234 Lux SA2.0 cars, and 53 units of VF e34 EV.In the month that coincides with the Lunar New Year, shortage of spare parts continued to affect the production progress and handover of its electric cars VF e34 to cu...
News Updated at: 2022/03/11
VinFast Vietnam announces sales of 2,103 cars in January 2022
VinFast Vietnam announces sales of 2,103 cars in January 2022 On February 10, 2022, VinFast announced its auto business results in the first month of 2022 with sales reaching 2,103 cars, down 24.9% from January 2021. Sales of Fadil cars reached 1,401 units, followed by 463 units of Lux SA2.0, 199 Lux A2.0 cars, and 40 VF e34 cars in January 2022.According to VinFast, this is the second month for VF e34 electric cars to be delivered to customers. ...
News Updated at: 2022/02/11
Vietnam VinFast achieves 21.2% sales growth in 2021 with 35,723 cars
Vietnam VinFast achieves 21.2% sales growth in 2021 with 35,723 cars On January 10, 2022, VinFast announced its auto business results in December 2021 with a total of 3,047 cars sold, down 20.4% MoM, including 1,753 Fadil cars, 601 Lux A2.0 cars, 608 Lux SA2.0 cars, and 85 units of VF e34. Accumulated sales of VinFast in 2021 totaled 35,723 cars (including 24,128 Fadil cars, 6,330 Lux A2.0 cars, 5,180 Lux SA2.0 cars, and 85 VF e34 cars). The sale...
News Updated at: 2022/01/11
Vietnam VinFast sees sales of 3,829 cars in November 2021, to deliver first batch of VF e34 EVs on December 25
Vietnam VinFast sees sales of 3,829 cars in November 2021, to deliver first batch of VF e34 EVs on December 25 On December 10, 2021, VinFast announced its auto business results in November with a total of 3,829 cars sold, up 15.3% MoM, including 2,489 Fadil cars (the 6th consecutive month with over 2,000 units sold), 421 Lux A2.0 cars and 919 Lux SA2.0 cars. Accumulated sales of VinFast in January-November 2021 totaled 32,676 cars, including 22,3...
News Updated at: 2021/12/14
Vietnam VinFast announces sales of 3,320 cars in October 2021
Vietnam VinFast announces sales of 3,320 cars in October 2021 On November 10, 2021, VinFast announced its auto business results in October with a total of 3,320 cars sold, including 2,218 Fadil cars (slightly decreased from a record sales level in September but marked the 5th consecutive month with over 2,000 units sold), 537 Lux A2.0 cars and 565 Lux SA2.0 cars.Accumulated sales of VinFast in the first 10 months of 2021 reached 28,847 cars, incl...
News Updated at: 2021/11/12
Vietnam VinFast announces sales of 3,497 cars in September 2021
Vietnam VinFast announces sales of 3,497 cars in September 2021 On October 11, 2021, VinFast Business, Trade and Service Co., Ltd. announced its automobile business results in September 2021, with a total of 3,497 cars sold, up 51.4% MoM. Specifically, 2,565 Fadil cars, 486 Lux A2.0 cars and 446 Lux SA2.0 cars were handed over to customers in September, reflecting the strong rebound of VinFast after a long period of social distancing in many loca...
News Updated at: 2021/10/12
Vietnam VinFast sees 2,310 cars sold in August 2021, car deliveries limited by global chip shortage
Vietnam VinFast sees 2,310 cars sold in August 2021, car deliveries limited by global chip shortage On September 10, 2021, Vietnam VinFast announced its auto business results in August 2021, with a total of 2,310 vehicles sold, consisting of 2,048 Fadil cars, 254 Lux A2.0 cars and 8 Lux SA2.0 cars. VinFast Fadil continues to be the most popular model, with over 2,000 vehicles being handed over for the third consecutive month.In Vietnam, August...
News Updated at: 2021/09/13
Vietnam VinFast records sales of 3,782 cars in July 2021
Vietnam VinFast records sales of 3,782 cars in July 2021 On August 10, 2021, Vietnam VinFast announced its auto business results in July 2021 which continue to maintain growth momentum from June. In July, a total of 3,782 Lux and Fadil cars were sold, an increase of 14.7% MoM. Specifically, VinFast has sold 2,928 Fadil cars, 778 Lux A2.0 cars and 76 Lux SA2.0 cars.With this result, in the first 7 months of 2021, VinFast has handed over a total of...
News Updated at: 2021/08/10
Vietnam VinFast records sales of 3,517 cars in June 2021
Vietnam VinFast records sales of 3,517 cars in June 2021 On July 12, 2021, Vietnam VinFast announced its impressive auto business results in June 2021 amid the complicated situation of the pandemic nationwide and the lack of semiconductor chips and components globally, with a total of 3,517 Lux and Fadil cars sold, an increase of 23% MoM. Specifically, in the month of June, VinFast has sold 2,552 Fadil cars, 711 Lux A2.0 cars and 254 Lux SA2.0 c...
News Updated at: 2021/07/13
Suzuki launches Thailand-made new Swift 2021 in Vietnam
more modern. Under the bonnet, Suzuki Swift 2021 is powered by a 1.2-liter, 4-cylinder K12M engine, producing a maximum capacity of 82 PS and maximum torque of 108 Nm, paired with a CVT gearbox. The road fuel consumption is claimed at 4.4-liter/ 100km.In Vietnam, Suzuki Swift is a rival of VinFast Fadil, Toyota Wigo, Hyundai Grand i10 and Honda Brio models.(From Suzuki Vietnam press release on June 15, 2021 and an article of Autodaily.vn on June...
News Updated at: 2021/06/18
Vietnam VinFast records sales of 2,855 cars in May 2021
Vietnam VinFast records sales of 2,855 cars in May 2021 Reported on June 10, 2021, Vietnam VinFast continues to maintain stable sales in May 2021 amid the complicated developments of the pandemic. VinFast recorded a total sales of 2,855 cars in May 2021, consisting of sales of 1,868 Fadil cars, 457 Lux A2.0 cars and 530 Lux SA2.0 cars. Accumulated in the first 5 months of 2021, VinFast has handed over a total of 12,421 cars to customers. Currentl...
News Updated at: 2021/06/11
Vietnam VinFast records sales of 2,717 cars in April 2021
Vietnam VinFast records sales of 2,717 cars in April 2021 Reported on May 12, 2021, Vietnam VinFast continues to make steady progress in the market with a total of 2,717 cars in April 2021, consisting of sales of 1,559 Fadil cars, 627 Lux A2.0 cars and 531 Lux SA2.0 cars.Accumulated in the first 4 months of 2021, VinFast has handed over a total of 9,566 cars to customers.(From an article of Autodaily.vn on May 12, 2021)...
News Updated at: 2021/05/13