Vietnamese automaker VinFast is making significant strides in the global electric vehicle (EV) market, exporting over 5,000 vehicles in July 2026. This expansion aligns with a broader industry shift towards emerging markets, as traditional EV strongholds like China and the US face stagnating sales. According to the International Energy Agency (IEA), whilst global car sales fell by 5% in the first half of 2026, EV sales reached record levels in 50 countries, with markets such as Vietnam, India, Australia, and South Korea doubling their sales compared to the previous year.
VinFast's performance underscores this trend, with the company delivering 70,085 electric vehicles globally in Q2 2026, marking a 96% year-on-year increase. The company's two-wheel business also saw rapid growth, delivering 286,039 electric scooters and e-bikes, a 311% rise from the previous year. This growth is attributed to a diverse product range, including the compact VF 3 and VF 5 models, the Limo Green MPV, and the new VF MPV 7, catering to both personal and commercial transportation needs.
In July, VinFast's exports included 1,500 VF 6 SUVs destined for Europe and over 3,500 vehicles shipped to the Philippines and Indonesia. These shipments mark the company's 37th and 38th international exports in less than four years, highlighting its expanding operational scale. As the global EV market becomes more geographically diverse, VinFast's strategic positioning in high-growth regions positions it well to capitalise on this shift
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