VinFast Auto (VFS) Notes Payables (2023 - 2025)
VinFast Auto (VFS) posted quarterly Notes Payables of $1.1 billion for Q4 2025, up 7.53% YoY from $994.9 million in Q4 2024, and up 7.53% sequentially from $994.9 million in Q4 2024.
VinFast Auto (VFS) Notes Payables (2023 - 2025) Analysis & Trends
VinFast Auto has disclosed Notes Payables across 3 years of filings, most recently posting $1.1 billion for Q4 2025.
- In Q4 2025, Notes Payables rose 7.53% year-over-year to $1.1 billion; the TTM figure through Dec 2025 stood at $1.1 billion (up 7.53% YoY), while the FY2025 annual figure was $1.1 billion, up 7.53% from the prior year.
- Notes Payables advanced to $1.1 billion in Q4 2025, from $994.9 million in the prior quarter.
- Over the last five years, Notes Payables for VFS reached as high as $1.1 billion in Q4 2025 and fell as low as $994.9 million in Q4 2024.
- The 3-year median for Notes Payables is $1.0 billion (2023), against an average of $1.0 billion.
- Annual changes were most pronounced in 2024 — Notes Payables decreased 2.44% — and 2025, when it climbed 7.53%.
- A 3-year view of Notes Payables shows it stood at $1.0 billion in 2023, then dropped by 2.44% to $994.9 million in 2024, then grew by 7.53% to $1.1 billion in 2025.
- According to Business Quant data, Notes Payables over the past three periods registered $1.1 billion, $994.9 million, and $1.0 billion for Q4 2025, Q4 2024, and Q4 2023 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Tesla | 1,375.42 Bn | 1,330.73 Bn | 4.72 Bn |
| 2 | Ford Motor | 78.30 Bn | 47.85 Bn | 7.94 Bn |
| 3 | General Motors | 68.82 Bn | 46.43 Bn | 4.32 Bn |
| 4 | Xpeng | 40.80 Bn | 38.26 Bn | 388.90 Mn |
| 5 | Rivian Automotive | 21.46 Bn | 16.65 Bn | 119.00 Mn |
| 6 | Li Auto | 12.40 Bn | -965.30 Mn | 262.11 Mn |
| 7 | Nio | 12.31 Bn | 9.20 Bn | 704.43 Mn |
| 8 | VinFast Auto | 7.23 Bn | 91,500.01 Bn | -17,004.89 Bn |
| 9 | Lucid | 2.18 Bn | 1.48 Bn | -311.71 Mn |
| 10 | China Yuchai International | 1.74 Bn | 678.93 Mn | 317.01 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 1.07 Bn |
| Dec 31, 2024 | 994.87 Mn |
| Dec 31, 2023 | 1.02 Bn |