Sat Sep 06 10:10:00 UTC 2025: ## Billionaire Pham Nhat Vuong Continues Heavy Investment in VinFast Despite Losses
**Hanoi, Vietnam – September 5, 2025** – Vietnamese billionaire Pham Nhat Vuong, chairman of Vingroup, continues to pour significant personal wealth into electric vehicle (EV) manufacturer VinFast, demonstrating his unwavering commitment to the company he considers crucial to Vingroup’s future. According to Vingroup’s semi-annual financial report, Vuong invested an additional VND 18 trillion (approximately $718 million USD) in VinFast in Q2 2025, bringing his total personal investment since 2023 to VND 50.167 trillion (approximately $1.9 billion USD).
This commitment echoes Vuong’s earlier statements, including a promise to invest in VinFast “until I run out of money.” In November 2024, he personally pledged VND 50 trillion (approximately $2 billion USD) to the company.
Parent company Vingroup has also continued its financial support, providing an additional VND 30.571 trillion (approximately $1.2 billion USD) in loans to VinFast between November 2024 and May 2025. Furthermore, Vingroup plans to convert existing loans of VND 80 trillion into preferred shares.
Despite this heavy investment, VinFast continues to operate at a loss. The company reported a Q2 2025 revenue of VND 16.609 trillion (approximately $663 million USD), a 91.6% increase year-over-year, but also a gross loss of VND 6.824 trillion (approximately $272.4 million USD) and a net loss of VND 20.341 trillion (approximately $812 million USD). However, the gross profit margin improved to -41.1% compared to -62.7% in the same period last year. VinFast aims to achieve gross profit breakeven in 2025 and EBITDA breakeven in 2026.
VinFast delivered 35,837 electric vehicles in Q2 2025, a 172% increase year-over-year. In the first half of 2025, the company delivered a total of 72,167 EVs globally, marking a 223% growth compared to the same period last year. Electric scooter and bicycle deliveries also saw substantial growth, reaching 69,580 units in Q2 2025 and 114,484 units in the first half of the year.
VinFast is expanding its global presence, now boasting 394 stores across key markets. The company is actively establishing partnerships with dealerships in the US and expanding into new markets like India, Indonesia, and the Philippines. Notably, VinFast’s EV sales in the Philippines accounted for 25% of the nation’s EV market in the first half of 2025.
Pham Nhat Vuong’s fortune has surged this year, reaching $13 billion USD as of September 5th, according to Forbes, fueled by the strong performance of Vingroup-related stocks. This allows him to continue supporting VinFast’s ambitious global expansion plans despite ongoing financial challenges.
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