VinFast Auto Balance Sheet

Financials in millions VND. Fiscal year is January - December.

Millions VND. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	5,505,470	7,351,998	3,306,793	4,095,472	4,271,442	3,024,916
Short-Term Investments	2,357,178	3,051,790	818,975	4,105	3,902	-
Trading Asset Securities	-	-	185,787	548,010	532,718	-
Cash & Short-Term Investments	7,862,648	10,403,788	4,311,555	4,647,587	4,808,062	3,024,916
Cash Growth	74.92%	141.30%	-7.23%	-3.34%	58.95%	265.44%
Accounts Receivable	5,943,034	4,697,897	5,739,777	557,470	658,370	428,761
Other Receivables	-	2,477,708	1,565,871	601,804	1,867,658	1,266,764
Receivables	5,943,034	7,175,605	7,305,648	1,159,274	3,071,428	3,258,824
Inventory	37,160,957	34,882,649	27,907,030	30,141,381	21,607,277	6,683,685
Prepaid Expenses	15,805,131	1,158,554	844,098	370,403	333,488	195,603
Restricted Cash	1,285,863	1,936,172	3,616,844	607,052	808,518	348,644
Other Current Assets	15,625,803	29,882,980	20,796,454	13,657,792	14,209,847	13,180,830
Total Current Assets	83,683,436	85,439,748	64,781,629	50,583,489	44,838,620	26,692,502
Property, Plant & Equipment	89,279,192	85,570,592	83,829,740	86,204,212	61,747,650	54,120,096
Long-Term Investments	6,711,297	7,264,512	2,084,142	2,199,102	696,332	5,291
Goodwill	-	-	-	-	272,203	272,203
Other Intangible Assets	1,170,318	1,206,618	1,164,635	1,346,324	1,461,071	3,163,588
Long-Term Accounts Receivable	666,570	702,750	1,640,390	730,977	82,062	182,304
Long-Term Deferred Tax Assets	-	-	-	-	-	50,219
Other Long-Term Assets	3,664,934	2,437,822	2,465,960	5,793,617	4,507,361	818,503
Total Assets	185,175,747	182,622,042	155,966,496	146,857,721	113,605,299	85,321,456

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Accounts Payable	37,228,053	32,784,001	21,028,563	12,261,820	27,491,387	3,723,623
Accrued Expenses	20,700,764	23,885,555	19,717,892	14,602,106	11,159,626	4,457,028
Short-Term Debt	73,196,039	55,749,697	79,120,519	68,651,930	6,988,196	1,269,542
Current Portion of Long-Term Debt	-	7,743,070	14,884,657	18,586,841	8,311,277	15,963,582
Current Portion of Leases	1,307,249	1,284,686	1,498,472	1,524,356	768,883	375,293
Current Income Taxes Payable	-	3,055,904	2,041,629	635,967	1,756,860	626,370
Current Unearned Revenue	116,386	1,683,569	1,165,392	1,014,113	107,448	1,334,809
Other Current Liabilities	42,803,142	38,572,483	32,051,784	34,758,889	9,641,525	59,555,018
Total Current Liabilities	175,351,633	164,758,965	171,508,908	152,036,022	66,225,202	87,305,265
Long-Term Debt	48,328,478	59,601,532	46,816,171	32,555,846	49,172,305	58,846,452
Long-Term Leases	5,703,105	5,586,707	4,076,654	5,330,344	3,256,351	1,298,354
Long-Term Unearned Revenue	4,787,588	4,126,656	2,722,698	1,569,733	499,395	25,945
Long-Term Deferred Tax Liabilities	1,263,655	1,296,783	938,643	1,025,264	947,981	51,462
Other Long-Term Liabilities	49,722,784	39,647,177	24,808,165	19,752,227	30,174,524	14,735,176
Total Liabilities	285,157,243	275,017,820	250,871,239	212,269,436	150,275,758	162,262,654

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Common Stock	9,867,220	9,867,220	9,867,167	9,847,536	871,021	553,892
Additional Paid-In Capital	193,754,007	183,945,584	93,673,976	38,258,499	12,311,667	-
Retained Earnings	-395,236,788	-367,176,828	-267,792,169	-190,502,556	-127,188,455	-77,416,918
Comprehensive Income & Other	141,282	-572,559	-460,644	-385,873	-104,065	-63,494
Total Common Equity	-191,474,279	-173,936,583	-164,711,670	-142,782,394	-114,109,832	-76,926,520
Minority Interest	91,492,783	81,540,805	69,806,927	77,370,679	77,439,373	-14,678
Shareholders' Equity	-99,981,496	-92,395,778	-94,904,743	-65,411,715	-36,670,459	-76,941,198
Total Liabilities & Equity	185,175,747	182,622,042	155,966,496	146,857,721	113,605,299	85,321,456

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Total Debt	128,534,871	129,965,692	146,396,473	126,649,317	68,497,012	77,753,223
Net Cash (Debt)	-120,672,223	-119,561,904	-142,084,918	-122,001,730	-63,688,950	-74,728,307
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-51584.18	-51113.50	-60761.20	-52795.79	-27702.79	-47334.55
Filing Date Shares Outstanding	2,340	2,340	2,339	2,338	2,413	2,412
Total Common Shares Outstanding	2,340	2,340	2,339	2,338	2,413	2,412
Working Capital	-91,668,197	-79,319,217	-106,727,279	-101,452,533	-21,386,582	-60,612,763
Book Value Per Share	-81842.84	-74346.61	-70425.34	-61075.84	-47292.50	-31896.36
Tangible Book Value	-192,644,597	-175,143,201	-165,876,305	-144,128,718	-115,843,106	-80,362,311
Tangible Book Value Per Share	-82343.08	-74862.37	-70923.30	-61651.74	-48010.85	-33320.96
Land	-	2,119,897	2,048,104	1,952,618	1,854,095	-
Buildings	-	29,613,489	26,303,728	23,466,382	18,212,817	14,435,845
Machinery	-	88,492,664	74,131,295	66,659,951	44,638,763	45,923,408

SEC Filings: 10-K · 10-Q