• VinFast plans to recommence construction of its US plant later this year.
  • The North Carolina site could start producing electric SUVs as early as 2028.
  • VinFast more than doubled its global sales last year, delivering 196,919 cars.

The American EV market may be faltering, but that hasn’t quelled the ambitions of Vietnamese car manufacturer VinFast. In fact, it’s been revealed that work will resume at its planned North Carolina production facility later this year, after being suspended more than 18 months ago.

VinFast first announced its plans for a US production site in March 2022 and said it could start production as early as mid-2024. Before long, that date was pushed back to 2025, and then VinFast decided to pause work on the plant entirely. It seemed almost inevitable that the firm would pull out of the US entirely, having registered fewer than 1,500 cars locally last year.

Read: VinFast Hits Brakes On US Production, Now Slated To Begin In 2028

Evidently, VinFast isn’t giving up just yet. Its most recent financial earnings report reveals that construction at the North Carolina site will resume later this year and that it still plans to start production in 2028. VinFast is also planning to open factories in India and Indonesia.

Although the company’s presence in America is tiny, it has been growing elsewhere. In the fourth quarter of 2025, VinFast sold 86,557 cars, a 127 percent quarterly jump and a 63 percent increase year-over-year, Bloomberg reports. The company ended last year having sold 196,919 vehicles, more than double its 2024 figure.

Revenues Rise But Problems Remain

VinFast Sold Less Than 1,500 Cars In The US, So Naturally It’s Building A Factory
VinFast Sold Less Than 1,500 Cars In The US, So Naturally It’s Building A Factory
VinFast Sold Less Than 1,500 Cars In The US, So Naturally It’s Building A Factory
VinFast Sold Less Than 1,500 Cars In The US, So Naturally It’s Building A Factory
VinFast Sold Less Than 1,500 Cars In The US, So Naturally It’s Building A Factory
VinFast Sold Less Than 1,500 Cars In The US, So Naturally It’s Building A Factory
VinFast Sold Less Than 1,500 Cars In The US, So Naturally It’s Building A Factory
VinFast Sold Less Than 1,500 Cars In The US, So Naturally It’s Building A Factory
VinFast Sold Less Than 1,500 Cars In The US, So Naturally It’s Building A Factory
VinFast Sold Less Than 1,500 Cars In The US, So Naturally It’s Building A Factory
VinFast Sold Less Than 1,500 Cars In The US, So Naturally It’s Building A Factory
VinFast Sold Less Than 1,500 Cars In The US, So Naturally It’s Building A Factory

Thanks to the surge in sales, revenue rose 138.9 percent year-on-year in the fourth quarter to 39.4 trillion dong ($1.5 billion), although it reported a Q4 net loss of 35.2 trillion dong ($1.3 billion), a 15 percent increase.

VinFast says it “continues to evaluate opportunities to expand into additional countries and regions across Europe, Asia, the Middle East and Africa,” adding its “expansion strategy is aligned with Vingroup’s broader global development approach, leveraging the Vingroup ecosystem, partnerships and capital resources to support VinFast’s international growth.”

If the company wants to be successful in the US, it’ll need to start building some more compelling cars. The VF 8 and VF 9, available locally, have been criticized since launching. Late last year, VF 8 owners sued VinFast, alleging that DC charging speeds top out at under 2 kW, despite them being promoted as supporting charge rates of 6.6 kW or higher, meaning it can take more than 24 hours for the battery to be fully charged.

VinFast Sold Less Than 1,500 Cars In The US, So Naturally It’s Building A Factory