Vingroup Chairman of Vietnam: Ready for IPO of Taxi Service Division Green SM
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 22 2026
0mins
Should l Buy VFS?
Source: moomoo
Vietnam's Vingroup Chairman: The chairman of Vingroup is preparing for the initial public offering (IPO) of the company's tax service unit.
Focus on Green Services: The IPO is part of a broader strategy to enhance the company's green service offerings.
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Analyst Views on VFS
Wall Street analysts forecast VFS stock price to rise
4 Analyst Rating
3 Buy
1 Hold
0 Sell
Strong Buy
Current: 4.310
Low
5.50
Averages
5.83
High
6.00
Current: 4.310
Low
5.50
Averages
5.83
High
6.00
No data
About VFS
VinFast Auto Ltd is a full-scale mobility platform focused on designing and manufacturing electric vehicles (EVs), e-scooters and e-buses. Its segments include Car, E-scooter and Ebus. The Car segment includes the design, development, manufacturing and sales of cars and related battery lease and battery charging services for cars. The E-scooter segment includes the design, development, manufacturing and sales of e-scooters and related battery lease and battery charging services for e-scooters. The Ebus segment includes the design, development, manufacturing and sales of Ebus. Its EV models include the VF 3, VF e34, VF 8, VF 9, VF 5, VF 6, VF 7, the Green series, which includes Minio Green, Herio Green, Nerio Green, Limo Green, and VF Wild. It offers two trims of the VF 8 model in North America, Europe, Vietnam and the Middle East, the Eco and Plus. The Eco trim offers a longer driving range. The Plus trim offers high horsepower and luxury features, including a power-assisted tailgate.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Vingroup Chairman of Vietnam: Ready for IPO of Taxi Service Division Green SM
Vietnam's Vingroup Chairman: The chairman of Vingroup is preparing for the initial public offering (IPO) of the company's tax service unit.
Focus on Green Services: The IPO is part of a broader strategy to enhance the company's green service offerings.
See More
VinFast Shifts Focus Back to India's Electric Scooter Market
- Market Focus Shift: VinFast is pivoting from the U.S. market to India, planning to launch three electric scooters, indicating a strategic emphasis on emerging markets despite challenges from its U.S. failures.
- Localization Strategy: The company intends to ship electric scooters as completely knocked-down (CKD) kits for local assembly in Tamil Nadu, aiming for gradual production localization to reduce costs and enhance market competitiveness.
- Growing Demand for Electric Mobility: India, being one of the largest motorcycle and scooter markets globally with millions sold annually, presents a significant opportunity for VinFast to tap into the rising demand for electric mobility and enhance its brand presence.
- Profitability Challenges: While the e-scooter business typically offers higher margins, VinFast must achieve impressive scale to address intense market competition and ongoing cash burn issues, making it unlikely to resolve its financial losses in the short term.
See More
VinFast Shifts Strategy Back to Southeast Asia Focus
- Market Focus Shift: VinFast is pivoting its strategy back to Southeast Asia, launching three e-scooters in India, yet the overall profitability remains a concern, indicating uncertainty in its global expansion efforts.
- E-Scooter Launch: The company plans to introduce the Evo, Feliz, and Viper e-scooters in India, assembling them from completely knocked-down (CKD) kits in Tamil Nadu, aiming to tap into India's massive two-wheeler market despite facing stiff competition.
- Market Potential and Challenges: As one of the largest motorcycle and scooter markets globally, India's e-scooter business offers scale opportunities for VinFast, but it must quickly capture market share in a low-margin environment against entrenched competitors.
- Financial Risks and Investment Outlook: While VinFast's return to Southeast Asia is seen as a positive move, ongoing cash burn and net loss issues remain focal points for investors, suggesting that the company continues to represent a high-risk investment.
See More
VinFast Reports 127% Increase in March EV Deliveries
- Domestic Delivery Surge: VinFast's domestic EV deliveries reached 27,609 units in March, marking a 127% increase, which not only solidifies its leadership in the Vietnamese market but also highlights strong consumer demand for electric vehicles.
- Quarterly Delivery Performance: The total deliveries for the first quarter amounted to 53,684 units, indicating sustained growth in the EV market for VinFast, particularly with the Limo Green and VF 3 models delivering 12,471 and 10,188 units respectively, becoming the top sellers.
- Diverse Product Line: The best-selling models in March included the Limo Green (6,795 units) and VF 3 (4,729 units), while the VF 5 and its derivative, the Herio Green, accounted for a combined 4,218 units, showcasing VinFast's strong performance across various market segments.
- Ongoing Market Demand: The first quarter also saw deliveries of 6,679 VF 6, 3,809 Minio Green, and 3,686 VF MPV 7 vehicles, reflecting VinFast's continued appeal and growing market demand for its expanding EV lineup.
See More
VinFast Reports Record E-Scooter Demand in Vietnam
- Surge in Demand: VinFast disclosed over 135,000 dealer orders for e-scooters in Vietnam, with more than 93,000 units shipped in March, indicating robust market demand that solidifies its leadership position in the Vietnamese market.
- Sales Highlights: In March, the Evo and Feliz models sold over 52,000 and 24,000 units respectively, with the Evo lineup contributing over 250,000 units in 2025, showcasing strong consumer preference for the brand.
- Network Expansion: At the beginning of 2026, VinFast launched new Evo, Feliz II, Viper, and Amio e-scooters while expanding its battery-swapping network to 4,500 stations, targeting 45,000 battery cabinets in Q1 to enhance user convenience.
- Market Performance: VinFast's shares have risen over 34% year-to-date, reflecting investor confidence in its continued growth potential, particularly against the backdrop of strong performance in the e-scooter market.
See More
VinFast VF 8 Gains Momentum with Federal Incentives
- Sales Surge: VinFast delivered 16,172 electric vehicles in Vietnam in January, marking a 55% year-over-year increase and maintaining its position as the top seller for the 16th consecutive month, reflecting the success of its comprehensive EV ecosystem development.
- Policy Boost: The Canadian government has revived its electric vehicle rebate program, allowing the VinFast VF 8 to qualify for up to CAD 5,000 in federal incentives, with total rebates reaching CAD 18,000, lowering its starting MSRP to CAD 35,070 and significantly enhancing market appeal.
- Long Warranty: VinFast offers an industry-leading 10-year or 200,000-kilometer vehicle warranty, along with a 10-year unlimited-kilometer warranty on the high-voltage battery, which boosts consumer confidence and facilitates purchasing decisions.
- Market Competitiveness: The VF 8 features dual-motor all-wheel drive and an 87.7 kWh battery, producing 349 horsepower with a range of up to 412 kilometers and a towing capacity of 1,800 kilograms, catering to diverse family needs and solidifying its competitive position in the mid-size electric SUV market.
See More
Vingroup Chairman of Vietnam: Ready for IPO of Taxi Service Division Green SM
Vietnam's Vingroup Chairman: The chairman of Vingroup is preparing for the initial public offering (IPO) of the company's tax service unit.
Focus on Green Services: The IPO is part of a broader strategy to enhance the company's green service offerings.
See More
VinFast Shifts Focus Back to India's Electric Scooter Market
- Market Focus Shift: VinFast is pivoting from the U.S. market to India, planning to launch three electric scooters, indicating a strategic emphasis on emerging markets despite challenges from its U.S. failures.
- Localization Strategy: The company intends to ship electric scooters as completely knocked-down (CKD) kits for local assembly in Tamil Nadu, aiming for gradual production localization to reduce costs and enhance market competitiveness.
- Growing Demand for Electric Mobility: India, being one of the largest motorcycle and scooter markets globally with millions sold annually, presents a significant opportunity for VinFast to tap into the rising demand for electric mobility and enhance its brand presence.
- Profitability Challenges: While the e-scooter business typically offers higher margins, VinFast must achieve impressive scale to address intense market competition and ongoing cash burn issues, making it unlikely to resolve its financial losses in the short term.
See More
VinFast Shifts Strategy Back to Southeast Asia Focus
- Market Focus Shift: VinFast is pivoting its strategy back to Southeast Asia, launching three e-scooters in India, yet the overall profitability remains a concern, indicating uncertainty in its global expansion efforts.
- E-Scooter Launch: The company plans to introduce the Evo, Feliz, and Viper e-scooters in India, assembling them from completely knocked-down (CKD) kits in Tamil Nadu, aiming to tap into India's massive two-wheeler market despite facing stiff competition.
- Market Potential and Challenges: As one of the largest motorcycle and scooter markets globally, India's e-scooter business offers scale opportunities for VinFast, but it must quickly capture market share in a low-margin environment against entrenched competitors.
- Financial Risks and Investment Outlook: While VinFast's return to Southeast Asia is seen as a positive move, ongoing cash burn and net loss issues remain focal points for investors, suggesting that the company continues to represent a high-risk investment.
See More
VinFast Reports 127% Increase in March EV Deliveries
- Domestic Delivery Surge: VinFast's domestic EV deliveries reached 27,609 units in March, marking a 127% increase, which not only solidifies its leadership in the Vietnamese market but also highlights strong consumer demand for electric vehicles.
- Quarterly Delivery Performance: The total deliveries for the first quarter amounted to 53,684 units, indicating sustained growth in the EV market for VinFast, particularly with the Limo Green and VF 3 models delivering 12,471 and 10,188 units respectively, becoming the top sellers.
- Diverse Product Line: The best-selling models in March included the Limo Green (6,795 units) and VF 3 (4,729 units), while the VF 5 and its derivative, the Herio Green, accounted for a combined 4,218 units, showcasing VinFast's strong performance across various market segments.
- Ongoing Market Demand: The first quarter also saw deliveries of 6,679 VF 6, 3,809 Minio Green, and 3,686 VF MPV 7 vehicles, reflecting VinFast's continued appeal and growing market demand for its expanding EV lineup.
See More
VinFast Reports Record E-Scooter Demand in Vietnam
- Surge in Demand: VinFast disclosed over 135,000 dealer orders for e-scooters in Vietnam, with more than 93,000 units shipped in March, indicating robust market demand that solidifies its leadership position in the Vietnamese market.
- Sales Highlights: In March, the Evo and Feliz models sold over 52,000 and 24,000 units respectively, with the Evo lineup contributing over 250,000 units in 2025, showcasing strong consumer preference for the brand.
- Network Expansion: At the beginning of 2026, VinFast launched new Evo, Feliz II, Viper, and Amio e-scooters while expanding its battery-swapping network to 4,500 stations, targeting 45,000 battery cabinets in Q1 to enhance user convenience.
- Market Performance: VinFast's shares have risen over 34% year-to-date, reflecting investor confidence in its continued growth potential, particularly against the backdrop of strong performance in the e-scooter market.
See More
VinFast VF 8 Gains Momentum with Federal Incentives
- Sales Surge: VinFast delivered 16,172 electric vehicles in Vietnam in January, marking a 55% year-over-year increase and maintaining its position as the top seller for the 16th consecutive month, reflecting the success of its comprehensive EV ecosystem development.
- Policy Boost: The Canadian government has revived its electric vehicle rebate program, allowing the VinFast VF 8 to qualify for up to CAD 5,000 in federal incentives, with total rebates reaching CAD 18,000, lowering its starting MSRP to CAD 35,070 and significantly enhancing market appeal.
- Long Warranty: VinFast offers an industry-leading 10-year or 200,000-kilometer vehicle warranty, along with a 10-year unlimited-kilometer warranty on the high-voltage battery, which boosts consumer confidence and facilitates purchasing decisions.
- Market Competitiveness: The VF 8 features dual-motor all-wheel drive and an 87.7 kWh battery, producing 349 horsepower with a range of up to 412 kilometers and a towing capacity of 1,800 kilograms, catering to diverse family needs and solidifying its competitive position in the mid-size electric SUV market.
See More
