Media Outreach Newswire

VinFast Receives 27,649 Pre-Orders for the VF 3 in Vietnam after 66 Hours of Accepting Deposits

HANOI, VIETNAM – Media OutReach Newswire – 16 May 2024 – VinFast Auto (Nasdaq: VFS) today announced that it received a record-breaking number of 27,649 non-refundable and non-transferable pre-orders for the mini-SUV VF 3 within 66 hours, setting a Vietnamese automotive record, demonstrating the impressive appeal of the VF 3 and its potential to become a “national car” in Vietnam.

VinFast VF 3 receives a record number of orders in the Vietnamese market
VinFast VF 3 receives a record number of orders in the Vietnamese market

In addition to record sales, the VF 3 became a social media phenomenon in Vietnam, topping trend rankings and sparking the most online discussions since VinFast opened pre-orders.

The VF 3’s record-breaking pre-orders are credited by its special introductory price of only 235 million VND (approximately $9,248, battery subscription) and 315 million VND (approximately $12,390, battery included) for customers who placed deposits from May 13 to May 15. This is an ideal price point that makes it feasible for more consumers to own a vehicle and improve their quality of life at a reasonable cost.

For a down payment, customers only need between 50-70 million VND (approximately $1,965-$2,750). The remaining balance can be financed through affordable installments with a total monthly payment of just over 2 million VND (approximately $78.5) over 8 years. Notably, paying for the VF 3 in full upfront costs only half the price of the cheapest gasoline car model currently available in the Vietnamese market.

In addition to its attractive price, the record-breaking number of pre-orders can also be attributed to the innovative sales approach VinFast piloted for this model. For the first time in Vietnam, vehicles were sold on e-commerce platforms such as Shopee, VinID, and orders could be placed through 9 livestream sessions conducted by 15 influencers.

This revolutionary sales approach made the VF 3 the first vehicle in Vietnam to achieve over 50% of its total orders online, marking a momentous development in the online to offline business model and emphasizing VinFast’s pioneering role in the Vietnamese automotive market.

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In response to the strong support from customers, Ms. Duong Thi Thu Trang, CEO VinFast Vietnam, said: “The 27,649 pre-orders received within 66 hours is a testament to the strong support and trust of the Vietnamese people for VinFast. We are extremely grateful for our customers’ endorsement for the VF 3 and our brand, and we will strive to continue to earn their support as we grow into a world-class Vietnamese automaker”.

Similar to other VinFast electric vehicles, the VF 3 comes with the best warranty policy in the Vietnamese market, with a 7-year or 160,000 km warranty for the vehicle (whichever comes first) and an 8-year unlimited mileage warranty for the battery.

The first VF 3 cars are expected to be delivered to customers starting in August 2024, with at least 20,000 vehicles expected to be delivered this year.Hashtag: #VinFast

The issuer is solely responsible for the content of this announcement.

About VinFast

VinFast – a member of Vingroup – envisions driving the advancement of the global smart electric vehicle revolution. Established in 2017, VinFast owns a state-of-the-art automotive manufacturing complex with globally leading scalability that boasts up to 90 percent automation in Hai Phong, Vietnam.

Strongly committed to the mission of a sustainable future for everyone, VinFast constantly innovates to bring high-quality products, advanced smart services, seamless customer experiences, and pricing strategy for all to inspire global customers to jointly create a future of smart mobility and a sustainable planet. Learn more at:

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