11:08 AM EST, 11/24/2025 (MT Newswires) -- VinFast Auto ( VFS ) is making "incremental progress" in its growth story, with the company seeing "strong demand" for its electric vehicles and e-scooters heading into year-end, Wedbush Securities said in a Monday note.

The company reported a Q3 net loss Friday of 10,239 Vietnamese dong ($0.39) per diluted share, widening from a loss of 5,656 dong a year earlier, while revenue increased to 18.100 trillion dong from 12.327 trillion dong.

Wedbush said the results missed market expectations but the company reiterated its 2025 outlook of at least doubling EV deliveries. VinFast also expects continued momentum in its e-scooter segment driven by favorable regulations in Vietnam, the investment firm added.

"We believe VFS has the opportunity become a meaningful player in the global EV market," Webush analysts said, noting the company's efforts to expand internationally through dealers and strategic partnerships.

Webush Securities reiterated its outperform rating and $6 price target on VinFast Auto ( VFS ).

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