VinFast Auto (VFS) Notes Payables (2022 - 2026)
VinFast Auto (VFS) posted quarterly Notes Payables of $1.1 billion for Q4 2025, up 7.53% year-over-year from $994.9 million in Q4 2024, and up 14.04% quarter-over-quarter from $938.0 million in Q2 2025.
Analysis
VinFast Auto (VFS) Notes Payables (2022 - 2026) Analysis & Trends
VinFast Auto (VFS) has reported Notes Payables for 4 consecutive years, with $1.1 billion the latest figure, recorded in 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 climbed to $1.1 billion in Q4 2025 per VFS's latest filing, from $938.0 million in the prior quarter.
- Across five years, Notes Payables topped out at $1111.5 billion in Q4 2021 and bottomed at $938.0 million in Q2 2025.
- Historically, Notes Payables has averaged $223.1 billion across 4 years, with a median of $1.0 billion in 2023.
- Annual changes were most pronounced in 2024 — Notes Payables decreased 2.44% — and 2025, when it climbed 7.53%.
- VinFast Auto's Notes Payables stood at $1111.5 billion in 2021, then tumbled by 99.91% to $1.0 billion in 2023, then declined by 2.44% to $994.9 million in 2024, then increased by 7.53% to $1.1 billion in 2025.
- Business Quant data shows VFS's Notes Payables at $1.1 billion in Q4 2025, $938.0 million in Q2 2025, and $994.9 million in Q4 2024.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Tesla | 1,151.92 Bn | 1,108.39 Bn | 4.75 Bn |
| 2 | Toyota Motor | 255.99 Bn | 127.54 Bn | 12.27 Bn |
| 3 | Honda Motor | 129.45 Bn | 89.32 Bn | 8.46 Bn |
| 4 | Ford Motor | 80.26 Bn | 48.92 Bn | 6.08 Bn |
| 5 | General Motors | 76.22 Bn | 51.50 Bn | 7.33 Bn |
| 6 | Ferrari | 73.68 Bn | 71.93 Bn | 1.18 Bn |
| 7 | Rivian Automotive | 20.68 Bn | 15.37 Bn | 179.00 Mn |
| 8 | Stellantis | 15.20 Bn | -26.25 Bn | 5.55 Bn |
| 9 | Li Auto | 12.07 Bn | -504.83 Mn | 417.98 Mn |
| 10 | VinFast Auto | 7.30 Bn | 7.30 Bn | -17,004.89 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 36,806.41 Bn |
| Dec 31, 2025 | 35,051.91 Bn |
| Sep 30, 2025 | 60,372.60 Bn |
| Jun 30, 2025 | 938,034.41 Bn |
| Mar 31, 2025 | 76,891.63 Bn |
| Dec 31, 2024 | 64,251.39 Bn |
| Sep 30, 2024 | 65,779.93 Bn |
| Jun 30, 2024 | 59,402.57 Bn |
| Mar 31, 2024 | 56,856.14 Bn |
| Dec 31, 2023 | 1.02 Bn |
| Sep 30, 2023 | 45,974.31 Bn |
| Jun 30, 2023 | 42,208.02 Bn |
| Mar 31, 2023 | 27,006.77 Bn |
| Dec 31, 2022 | 21,918.71 Bn |