Vinasun’s Great Determination Amidst a Market Share of Only 2.3% and Record-low Revenue: Borrowing Hundreds of Billions to Purchase 550 Hybrid Cars

Vietnam’s A&D Group (Vinasun) recently announced its financial report for Q2 2025, revealing a revenue of only 216.7 billion VND, the lowest in 12 quarters, with profits down to 9.94 billion VND. Its total assets decreased to 1.777 trillion VND. With a mere 2.32% market share, Vinasun currently ranks fifth, trailing behind Xanh SM, Grab, Be, and Mai Linh; Xanh SM leads the market with 44.68% share. In response to these challenges, Vinasun plans to borrow hundreds of billions to purchase 550 hybrid cars, showcasing its strong determination to recover.