Edison initiates coverage on VinFast with US$8.00 per share valuation, highlighting strong regional EV growth opportunity
Hanoi, 15 December 2025 – – Edison Group has initiated coverage on VinFast Auto Ltd. (Nasdaq: VFS), assigning a valuation of US$8.00 per share, which implies approximately 143% upside from current levels.
In its initiation report, titled “Scaling up for regional EV adoption,” Andrew Keen, head of industrials research at Edison Group, highlights VinFast’s unique positioning as Southeast Asia’s only fully integrated, pure-play electric vehicle manufacturer, with leadership in its home market of Vietnam and a rapidly expanding presence across India, Indonesia, and the Philippines. The report emphasizes VinFast’s differentiated ownership and service model, featuring extended warranties, strong after-sales support, and flexible ownership options that reduce barriers to entry and enhance customer retention. It also outlines the company’s technology-led cost and scalability roadmap supported by Platform 2.0 and E/E Architecture 2.0, its manufacturing capacity of approximately 600,000 units per year across Vietnam, India, and Indonesia, and its diversified battery sourcing strategy. Edison further highlights VinFast’s ecosystem-led distribution network, including GSM ride-hailing, V-GREEN charging, and Green Future used-EV platforms, which expand customer accessibility and strengthen its integrated green mobility ecosystem.
Edison’s valuation reflects VinFast’s expected volume ramp-up, improving operating leverage, and margin normalization as scale increases across manufacturing, technology, and ecosystem-driven distribution. The report also underscores VinFast’s strong financial and strategic support from majority shareholder Vingroup, which continues to underpin the company’s regional expansion and long-term growth potential.The full Edison initiation report is available here:
https://www.edisongroup.com/research/scaling-up-for-regional-ev-adoption/BM-2368/
About VinFast
VinFast (Nasdaq: VFS) is a global EV manufacturer focused on delivering accessible, smart and sustainable mobility solutions. The company operates manufacturing facilities in Vietnam and is expanding its footprint across Asia, supported by a vertically integrated platform and a broader green mobility ecosystem.
About Edison Group
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