11:25 AM EDT, 03/24/2026 (MT Newswires) -- VinFast Auto ( VFS ) expects to be gross profit positive in late 2027 and earnings before interest, taxes, depreciation and amortization positive in 2028, as the company prioritizes growth over near-term profitability, Wedbush said in a Tuesday note.

The company further expects to expand its share in Vietnam's auto market to be up to 50% by 2030 and plans to increase deliveries to 100,000 and above in India while ramping up deliveries in Indonesia and the Philippines, Wedbush said.

The brokerage said that it believes VinFast's involvement with the Vingroup ecosystem will accelerate the development of its artificial intelligence portfolio, as the company looks to bring its autonomous capabilities to the global stage.

Wedbush added that it also sees VinFast's neutral nature in the current geopolitical backdrop as a tailwind, with the company being the world's only prominent non-Chinese and non-American electric vehicle original equipment manufacturer with a high vertically integrated manufacturing.

The firm maintained the company's outperform rating with a $6 price target.

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