VinFast secures 27,649 pre-orders for the VF 3 in Vietnam within 66 hours of accepting deposits

New item by Neha Gharat / Google Photos

Vietnam based brand VinFast Auto – a member of Vingroup disclosed today a remarkable achievement, securing an unprecedented 27,649 non-refundable and non-transferable pre-orders for the mini-SUV VF 3 within a mere 66 hours. This achievement not only sets a new record in the Vietnamese automotive industry but also underscores the remarkable appeal of the VF 3, positioning it as a potential “national car” in Vietnam.

Moreover, beyond its remarkable sales performance, the VF 3 has also become a sensation on social media platforms in Vietnam, dominating trend rankings and sparking the most online discussions since VinFast initiated pre-orders.

New item by Neha Gharat / Google Photos

The VF 3’s record pre-orders are due to its starting price of 235 million VND ($9,248 with battery subscription) and 315 million VND ($12,390, battery included) for deposits placed from May 13 to May 15. This affordability makes vehicle ownership more feasible, with down payments as low as 50-70 million VND ($1,965-$2,750) and monthly installments of just over 2 million VND ($78.5) over 8 years.

The VF 3’s record pre-orders are not only due to its appealing price but also to VinFast’s innovative sales strategy. For the first time in Vietnam, vehicles were sold on e-commerce platforms like Shopee and VinID, with orders placed through 9 live stream sessions led by 15 influencers. This approach made the VF 3 the first vehicle in Vietnam to achieve over 50% of its total orders online, signaling a significant advancement in the online-to-offline business model and highlighting VinFast’s pioneering role in the Vietnamese automotive market.

Ms. Duong Thi Thu Trang, CEO of VinFast Vietnam, expressed gratitude for the overwhelming support, stating, “The 27,649 pre-orders received within 66 hours is a testament to the strong support and trust of the Vietnamese people for VinFast. We are extremely grateful for our customers’ endorsement for the VF 3 and our brand, and we will strive to continue to earn their support as we grow into a world-class Vietnamese automaker.”

Similar to other VinFast electric vehicles, the VF 3 comes with the best warranty policy in the Vietnamese market, offering a 7-year or 160,000 km warranty for the vehicle (whichever comes first) and an 8-year unlimited mileage warranty for the battery. The first VF 3 cars are expected to be delivered to customers starting in August 2024, with at least 20,000 vehicles anticipated to be delivered this year.