Vınfast will make a big profit in 3 years:

Vınfast has not yet delivered the European vehicles, but it plans to make a profit in 3 years.

 Vietnam-based Vinfast has yet to deliver its first cars to Europe, so it is definitely in its infancy. That always costs money, but profits should be possible in three years' time.

The view on the financial situation comes from David Mansfield, Vinfast's CFO, who is uniquely qualified to comment. Otherwise, Mansfield is keeping his mouth shut, reports Automotive News Europe. Vinfast is in the process of an IPO and therefore cannot and should not go into much detail about sales figures and other decisive figures.

One thing is clear: even after three years, "less than a million" cars will be sold. This figure has not come out of the blue, but it is a figure previously mentioned by Vinfast as a target.

Vinfast is also a player to keep an eye on. The brand is part of the larger VinGroup group, so it has everything it needs to hold its own. Moreover, the car branch is already quite successful in Vietnam, although it is not yet very big on a global scale. For the Netherlands, the brand currently has two models planned; VF 8 and VF9. Both are electric SUVs.

Another proof of Vinfast's high ambitions: the brand wants to start selling electric cars not only in demanding Europe, but also in the United States. This is bold, not only because Vinfast comes from a country that Americans care deeply about, but also because many North American automakers see it as a separate line of business. For instance, not all French car brands have been operating there for decades, as have Volkswagen subsidiaries Seat and Skoda.