VinFast will increase the localization rate to 80% by 2026

In order to share development opportunities, contributing to building a strong, united Vietnamese business community, joining hands for the Vietnamese automobile industry, VinFast will organize the Conference "Strengthening localization and developing the supplier system for VinFast" on June 9 in Hanoi with many attractive opportunities and commitments.

The event is an invitation to accompany and share development opportunities from VinFast with domestic enterprises - strategic partners in the journey to elevate the domestic supply chain, with the goal of gradually turning Vietnam into an important center for automobile and supporting industry production in the region.

It is expected that VinFast will share a roadmap to increase the localization rate to 80% by 2026, as well as a plan to expand the supplier system to meet the needs of expanding production scale of up to 1 million cars per year for the domestic and export markets.

VinFast will sign direct contracts with Vietnamese enterprises with sufficient technical and technological capacity to participate in the supply chain for the airline.

For enterprises that do not have enough technical, technological or financial capacity, if needed, VinFast will proactively connect with foreign partners to form a cooperative consortium, thereby helping to transfer technology, technical assistance or investment capital.

VinFast is committed to ensuring product output according to the agreed plan, creating peace of mind and a long-term development foundation for domestic suppliers.

Currently, VinFast is cooperating with nearly 700 domestic enterprises to provide components, materials, and equipment for production.

However, to meet the plan to expand production to 1 million vehicles per year, serving the domestic and export markets in the coming time, VinFast needs to develop a comprehensive and extensive domestic supplier system nationwide.

Speaking about the strategy of accompanying Vietnamese enterprises, Ms. Thai Thi Thanh Hai, Vice President of Vingroup Corporation and Deputy General Director of VinFast, said: We believe that the desire to develop a world-class Vietnamese brand with global competitiveness is not only the aspiration of VinFast but also the desire of all Vietnamese enterprises. That is the reason why we have built a companion strategy to share development opportunities for the domestic supporting business community as well as unite to strive for the national automobile industry.

As the leading automobile brand in Vietnam, VinFast has delivered 9,588 electric vehicles in April 2025, bringing its total sales since the beginning of the year to 44,691 vehicles, continuing to maintain its No. 1 position in automobile sales in the domestic market.

With its pioneering position and sustainable development strategy, VinFast not only builds a modern electric vehicle ecosystem, but also creates a national supporting industrial production ecosystem.