VinFast Auto (VFS) Balance Sheet: Assets & Liabilities

VinFast Auto (VFS) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), VinFast Auto reported total assets of VND 182.62T and total liabilities of VND 275.02T. Shareholders' equity was negative at −VND 173.94T, meaning liabilities exceed assets. Total debt stood at VND 123.09T against VND 10.40T in cash and short-term investments, a net debt position of VND 112.69T.

VinFast Auto Balance Sheet Analysis

Values in trillions VND

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for VinFast Auto Ltd. (VFS) - Annual data in trillions VND
Breakdown	FY 2025	FY 2024	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period ending	Dec 2025	Mar 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Current Assets
Cash and Cash Equivalents	7.35	3.31	3.31	4.10	4.27	3.02	0.83
Short-Term Investments	3.05	0.82	0.82	0.00	0.00	0.00	0.00
Cash & Short-Term Investments	10.40	4.13	4.31	4.10	4.81	3.02	0.83
Accounts Receivable	4.67	19.41	5.61	0.47	0.65	0.43	9.48
Inventory	34.88	27.91	27.91	30.14	21.61	6.68	5.42
Other Current Assets	26.99	13.34	22.87	15.78	16.32	14.56	0.34
Total Current Assets	85.44	64.78	64.78	50.58	44.84	26.69	20.45
Non-Current Assets
Property, Plant & Equipment (Net)	85.57	83.83	83.83	86.20	61.75	54.12	52.82
Long-Term Investments	1.06	2.08	2.08	1.21	0.70	0.01	11.58
Goodwill	0.00	0.00	-	0.00	0.27	0.27	0.24
Intangible Assets	1.21	1.16	1.16	1.35	1.46	3.16	4.30
Other Non-Current Assets	2.29	4.11	4.11	5.53	5.29	1.07	2.15
Total Non-Current Assets	97.18	91.18	91.18	96.27	68.77	58.63	72.46
Total Assets	182.62	155.97	155.97	146.86	113.61	85.32	92.91
Current Liabilities
Accounts Payable	32.63	20.79	85.04	12.15	33.96	59.22	3.09
Short-Term Debt	63.49	95.50	21.62	87.24	8.31	15.96	6.14
Current Portion of Long-Term Debt	34.62	-	39.12	42.92	14.58	15.83	6.14
Accrued Liabilities	18.56	-	11.06	11.43	11.06	4.12	4.72
Deferred Revenue	2.09	3.69	3.69	1.34	1.68	1.33	0.56
Other Current Liabilities	32.46	49.48	9.47	19.82	4.18	6.43	2.37
Total Current Liabilities	164.76	171.51	171.51	152.04	66.23	87.31	20.04
Non-Current Liabilities
Long-Term Debt	59.60	50.89	22.86	32.56	41.62	31.34	47.16
Deferred Tax Liabilities	1.30	0.94	0.94	1.03	0.95	0.05	2.16
Other Non-Current Liabilities	15.84	24.81	52.42	1.80	39.17	42.32	17.00
Total Non-Current Liabilities	110.26	79.36	79.36	60.23	84.05	74.96	66.69
Total Liabilities	275.02	250.87	250.87	212.27	150.28	162.26	86.73
Stockholders' Equity
Common Stock	9.87	9.87	9.87	9.85	0.87	0.55	0.00
Retained Earnings	-367.18	-267.79	-267.79	-190.50	-127.19	-77.42	-44.36
Accumulated Other Comprehensive Income	-0.57	-0.46	-0.46	-0.39	-0.10	-0.06	11.80
Additional Paid-in Capital	183.95	93.67	93.67	38.26	12.31	0.00	38.71
Minority Interest	81.54	69.81	69.81	77.37	77.44	-0.01	0.03
Shares Outstanding	0.00	-	0.00	0.00	0.00	0.00	-
Total Stockholders' Equity	-173.94	-164.71	-94.90	-142.78	-36.67	-76.94	6.18
Total Liabilities & Equity	182.62	155.97	155.97	146.86	113.61	85.32	92.91

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About VinFast Auto Balance Sheet

How much debt does VinFast Auto have?

VinFast Auto had total debt of VND 123.09T as of Dec 31, 2025, against VND 10.40T in cash and short-term investments. Total debt was VND 146.40T a year earlier.

What are VinFast Auto's total assets?

VinFast Auto reported total assets of VND 182.62T as of Dec 31, 2025, up 17.1% from VND 155.97T a year earlier. Total liabilities were VND 275.02T.

What is VinFast Auto's shareholders' equity?

VinFast Auto's shareholders' equity was negative at −VND 173.94T as of Dec 31, 2025, so its liabilities exceeded its assets.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition