VinFast Auto’s FY25 results highlight a year focused on scale, with electric vehicle (EV) deliveries rising 102% y-o-y to c 197k and e-scooter/e-bike deliveries increasing 473% to c 406k. Revenue rose 105.4% y-o-y to $3.6bn, while gross margin improved to -42.5% from -57.4%, indicating better fixed