UNITED STATES
SECURITIES AND EXCHANGE
COMMISSION
WASHINGTON, DC 20549
FORM 6-K
REPORT OF FOREIGN
PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
OF THE SECURITIES
EXCHANGE ACT OF 1934
For the month of July 2024
Commission File Number: 001-41782
VinFast Auto Ltd.
Dinh Vu – Cat
Hai Economic Zone
Cat Hai Islands, Cat
Hai Town, Cat Hai District
Hai Phong City, Vietnam
(Address of principal
executive office)
Indicate by check mark whether the registrant
files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F x Form 40-F ¨
INFORMATION CONTAINED
IN THIS REPORT ON FORM 6-K
On July 12, 2024,
VinFast Auto Ltd. (the “Company”) announced the delivery result for its second quarter 2024, business updates, and the
release date for its second quarter 2024 financial results. A copy of that press release is furnished as Exhibit 99.1 to this
Report on Form 6-K.
The information
in Exhibit 99.1 of this report on Form 6-K relating to the Company’s second quarter vehicle delivery results and the
Company’s North Carolina manufacturing facility development plans shall be deemed to be incorporated by reference into the registration
statement on Form S-8 (File No. 333-278251) of the Company (including any prospectuses forming a part of such registration
statement) and to be a part thereof from the date on which this report is furnished, to the extent not superseded by documents or reports
subsequently filed or furnished.
EXHIBIT INDEX
SIGNATURE
Pursuant to the requirements of the Securities
Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
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VinFast Auto Ltd. |
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| Date: July 15, 2024 |
By: |
/s/ Le Thi Thu Thuy |
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Name: |
Le Thi Thu Thuy |
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Title: |
Chairwoman and Director |
Exhibit 99.1
VinFast Announces Delivery Results for the Second
Quarter of 2024 and Business Updates
12,058 vehicles delivered in Q2 2024, an increase
of 24% quarter-over-quarter, and a 26% increase year-over-year
Singapore, July 12, 2024 – VinFast Auto Ltd. (“VinFast”
or the “Company”), a pure-play electric vehicle (“EV”) manufacturer with the mission of making EVs accessible
to everyone, today announced its delivery results for the second quarter of 2024.
For the second quarter of 2024, VinFast delivered
12,058 vehicles, representing an increase of 24% quarter-over-quarter and an increase of 26% compared to the same period of last year.
Through 1H2024, VinFast has delivered 21,747 vehicles, up by 92% compared to 1H2023.
While the second quarter delivery results
were encouraging, ongoing economic headwinds and uncertainties in different macro-economies and global EV landscape necessitate a more
prudent outlook for the rest of the year. The Company now anticipates delivering approximately 80,000 electric vehicles in 2024, compared
to 34,855 vehicles delivered in 2023, or 2.3x year-over-year growth.
In addition, VinFast has made the strategic decision to adjust the
timeline for the launch of its North Carolina manufacturing facility, which is now expected to begin production in 2028. This decision
will allow the Company to optimize its capital allocation and manage its short-term spending more effectively, focusing more resources
on supporting near-term growth targets and strengthening existing operations.
Madam Thuy Le, Chairwoman of the Board of
Directors, stated, “We have adopted a more prudent outlook that is carefully calibrated to near-term headwinds, taking into
full consideration the realities of market volatility and potential challenges. Our robust long-term strategy and proven execution
capabilities position us well to meet the evolving needs of the dynamic global EV market.”
The Company also announced that it will release its 2Q24 financial
results before the market opens on August 15th, 2024. On the same day, VinFast’s management will host a live webcast
to discuss the Company’s business performance and strategy. Details for the call are below:
| - | What: VinFast Q2 2024 Financial Results and Q&A Webcast |
| - | When: Thursday, August 15th, 2024 |
| - | Time: 8:00 am. Eastern Standard Time |
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| | - | Live webcast: https://edge.media-server.com/mmc/p/urnhoxtg |
A replay of the webcast will also be made available
on the Company’s website.
For additional information, please visit https://vinfastauto.us/investor-relations
Investor Relations: Email: ir@vinfastauto.com
About VinFast Auto Ltd.
VinFast (NASDAQ: VFS), a subsidiary of Vingroup
JSC, one of Vietnam’s largest conglomerates, is a pure-play electric vehicle (“EV”) manufacturer with the mission of
making EVs accessible to everyone. VinFast’s product lineup today includes a wide range of electric SUVs, e-scooters, and e-buses.
VinFast is currently embarking on its next growth phase through rapid expansion of its distribution and dealership network globally and
increasing its manufacturing capacities with a focus on key markets across North America, Europe, and Asia.
Learn more at https://vinfast.com/
Forward Looking Statements
Forward-looking statements in this announcement,
which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1955.
These statements include statements regarding our future results of operations and financial position, planned products and services,
business strategy and plans, objectives of management for future operations of VinFast, market size and growth opportunities, competitive
position and technological and market trends and involve known and unknown risks that are difficult to predict. As a result, our actual
results, performance or achievements may differ materially from those expressed or implied by these forward-looking statements. In some
cases, you can identify forward-looking statements because they contain words such as “may,” “will,” “shall,”
“should,” “expects,” “plans,” “anticipates,” “could,” “intends,”
“target,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,”
“potential,” “goal,” “objective,” “seeks,” or “continue” or the negative of
these words or other similar terms or expressions that concern our expectations, strategy, plans, or intentions. Such forward-looking
statements are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently
uncertain. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: (i) the
effect of the consummation of the business combination and the public listing of the Company’s securities on its business relationships,
performance, financial condition and business generally, (ii) the risk that the Company’s securities may experience a material
price decline and volatility in the price of such securities due to a variety of factors, (iii) the adverse impact of any legal proceedings
and regulatory inquiries and investigations on the Company’s business, (iv) the Company’s potential inability to maintain
the listing of its securities on Nasdaq, (v) the risk associated with the Company’s limited operating history, (vi) the
ability of the Company to achieve profitability, positive cash flows from operating activities and a net working capital surplus, (vii) the
ability of the Company to fund its capital requirements through additional debt and equity financing under commercially reasonable terms
and the risk of shareholding dilution as a result of additional capital raising, if applicable, (viii) risks associated with being
a new entrant in the EV industry, (ix) the risks of the Company’s brand, reputation, public credibility and consumer confidence
in its business being harmed by negative publicity, (x) the Company’s ability to successfully introduce and market new products
and services, (xi) competition in the automotive industry, (xii) the Company’s ability to adequately control the costs
associated with its operations, (xiii) the ability of the Company to obtain components and raw materials according to schedule at
acceptable prices, quality and volumes acceptable from its suppliers, (xiv) the Company’s ability to maintain relationships
with existing suppliers who are critical and necessary to the output and production of its vehicles and to create relationships with new
suppliers, (xv) the Company’s ability to establish manufacturing facilities outside of Vietnam and expand capacity in a timely
manner and within budget, (xvi) the risk that the Company’s actual vehicle sales and revenue could differ materially from expected
levels based on the number of reservations received, (xvii) the demand for, and consumers’ willingness to adopt, EVs, (xiii) the
availability and accessibility of EV charging stations or related infrastructure, (xix) the unavailability, reduction or elimination
of government and economic incentives or government policies which are favorable for EV manufacturers and buyers, (xx) failure to
maintain an effective system of internal control over financial reporting and to accurately and timely report the Company’s financial
condition, results of operations or cash flows, (xxi) battery pack failures in the Company or its competitor’s EVs, (xxii) failure
of the Company’s business partners to deliver their services, (xxiii) errors, bugs, vulnerabilities, design defects or other
issues related to technology used or involved in the Company’s EVs or operations, (xxiv) the risk that the Company’s
research and development efforts may not yield expected results, (xxv) risks associated with autonomous driving technologies, (xxvi) product
recalls that the Company may be required to make, (xxvii) the ability of the Company’s controlling shareholder to control and
exert significant influence on the Company, (xxiii) the Company’s reliance on financial and other support from Vingroup and
its affiliates and the close association between the Company and Vingroup and its affiliates, (xxix) conflicts of interests with
or any events impacting the reputation of Vingroup affiliates or unfavorable market conditions or adverse business operations of Vingroup
and Vingroup affiliates and (xxx) other risks discussed in our reports filed or furnished to the Securities and Exchange Commission.
All forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by the cautionary
statements set forth above. You are cautioned not to place undue reliance on any forward-looking statements, which are made only as of
the date of this announcement. VinFast does not undertake or assume any obligation to update publicly any of these forward-looking statements
to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking
statements, except to the extent required by applicable law. If VinFast updates one or more forward-looking statements, no inference should
be drawn that it will make additional updates with respect to those or other forward-looking statements. The inclusion of any statement
in this announcement does not constitute an admission by VinFast or any other person that the events or circumstances described in such
statement are material. Undue reliance should not be placed upon the forward-looking statements.
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