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
DateValue
Dec 31, 2025 1.07 Bn
Dec 31, 2024 994.87 Mn
Dec 31, 2023 1.02 Bn