Honda's Dominance in Vietnam's Motorbike Market Faces Challenges with Shift to Electric Vehicles
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 08 2025
0mins
Should l Buy VFS?
Source: Yahoo Finance
Threat to Honda's Market Share: Honda's dominance in Vietnam's motorbike market is challenged by a government directive promoting electric vehicles (EVs), leading to a significant drop in Honda's sales and a shift in consumer preferences towards electric models.
Government Policies Driving Change: A recent survey indicates that over half of respondents in major cities plan to purchase electric motorbikes, influenced by government policies aimed at reducing air pollution, with VinFast emerging as a key competitor in the EV market.
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Analyst Views on VFS
Wall Street analysts forecast VFS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for VFS is 5.83 USD with a low forecast of 5.50 USD and a high forecast of 6.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Analyst Rating
3 Buy
1 Hold
0 Sell
Strong Buy
Current: 3.330
Low
5.50
Averages
5.83
High
6.00
Current: 3.330
Low
5.50
Averages
5.83
High
6.00
About VFS
VinFast Auto Ltd is a full-scale mobility platform focused on designing and manufacturing electric vehicles (EVs), e-scooters and e-buses. Its segments include Car, E-scooter and Ebus. The Car segment includes the design, development, manufacturing and sales of cars and related battery lease and battery charging services for cars. The E-scooter segment includes the design, development, manufacturing and sales of e-scooters and related battery lease and battery charging services for e-scooters. The Ebus segment includes the design, development, manufacturing and sales of Ebus. Its EV models include the VF 3, VF e34, VF 8, VF 9, VF 5, VF 6, VF 7, the Green series, which includes Minio Green, Herio Green, Nerio Green, Limo Green, and VF Wild. It offers two trims of the VF 8 model in North America, Europe, Vietnam and the Middle East, the Eco and Plus. The Eco trim offers a longer driving range. The Plus trim offers high horsepower and luxury features, including a power-assisted tailgate.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Global Delivery Target: VinFast has announced a global electric vehicle delivery target of 300,000 units for 2026, reflecting the company's expectation of continued strong momentum in Asian markets, aiming to enhance brand influence through increased market share.
- Two-Wheeler Delivery Plan: The company targets its two-wheeler deliveries in 2026 to be at least 2.5 times that of 2025, demonstrating VinFast's proactive expansion strategy in the electric two-wheeler market to meet growing consumer demand.
- International Sales Growth: VinFast anticipates a significant boost in international sales in 2026, indicating that the company is actively expanding into overseas markets to enhance its global competitiveness and improve overall performance.
- Delivery Growth Target Achieved: VinFast successfully met its delivery growth target in 2025, further solidifying its position in the electric vehicle industry and laying a solid foundation for future expansion.
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- Warranty Innovation: VinFast's industry-leading 10-year or 200,000-kilometre warranty significantly reduces consumer risk perception regarding EVs, thereby attracting more potential buyers, particularly in the Canadian market.
- Price Competitiveness: The VinFast VF 8 starts at approximately CAD 47,206, offering a more appealing option compared to the average new car price of CAD 65,000 in Canada, making the economic case for EVs more persuasive.
- Service Accessibility Enhancement: VinFast's mobile app integrates with about 95% of public charging stations in North America, providing access to over 100,000 chargers, simplifying the charging and service appointment process, and boosting consumer confidence in usage.
- Market Education Strategy: VinFast addresses consumer concerns about EVs by providing clear information on total cost of ownership and warranty coverage, helping them assess the long-term value of EVs more rationally and fostering market maturity.
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- Management Team: The SPAC is led by Co-CEO and Chairman Dennis Tam, along with Co-CEOs Kester Ng and Richard Taylor, all of whom bring extensive investment management experience, enhancing investor confidence in the venture.
- Investment Focus: Black Spade Acquisition III aims to target opportunities at the intersection of entertainment and digital financial infrastructure, with potential targets including digital assets, Web3 technologies, and blockchain-driven business models, demonstrating keen insight into future market trends.
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- Superior Space Design: The VinFast VF 8 features a 116.1-inch wheelbase and 187-inch length, providing ample interior space that enhances family travel comfort, particularly for children and bulky child seats.
- Smart Tech Features: Equipped with a 15.6-inch central touchscreen that integrates navigation and vehicle controls, the VF 8 improves user experience, while the Plus trim's panoramic glass roof brightens the cabin, making it ideal for long trips.
- Powerful Performance: The VF 8 Eco configuration delivers 349 horsepower, while the Plus version boosts output to 402 horsepower, ensuring stability and acceleration performance even when fully loaded, which enhances family travel confidence.
- Comprehensive Safety Systems: With up to 11 airbags and various driving assistance features like adaptive cruise control and blind spot detection, the VF 8 aims to reduce mental strain during long-distance driving, thereby improving family travel safety.
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- Comfort Design: The VF 9's second-row captain's seats rival those in luxury minivans, equipped with ventilation and massage functions, making long-distance travel more enjoyable and attracting families accustomed to highway travel, thereby enhancing the brand's competitive edge.
- Charging Convenience: VinFast's mobile app connects with most public charging networks in Canada and the U.S., simplifying the charging process and alleviating consumer concerns about electric vehicle charging, thus promoting wider adoption of EVs.
- Long Warranty Policy: The VF 9 offers a 10-year or 200,000-kilometer comprehensive warranty along with unlimited mileage on the battery, addressing consumer concerns about EV longevity and boosting confidence for families transitioning from traditional gasoline SUVs.
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- Enhanced Comfort: The VF 9's second-row seating rivals luxury minivans, featuring ventilation and massage functions that make long-distance travel more comfortable, appealing to families accustomed to highway travel.
- Strong Range Capability: The VF 9 offers a range of up to 518 kilometers under Canadian conditions, and while winter may impact this, the large battery design mitigates seasonal losses, boosting consumer confidence.
- Superior Warranty Policy: VinFast provides a 10-year or 200,000-kilometer comprehensive warranty along with a battery warranty, one of the longest in Canada, alleviating consumer concerns about the durability of electric vehicles.
See More
VinFast Sets 300,000 Global EV Delivery Target for 2026
- Global Delivery Target: VinFast has announced a global electric vehicle delivery target of 300,000 units for 2026, reflecting the company's expectation of continued strong momentum in Asian markets, aiming to enhance brand influence through increased market share.
- Two-Wheeler Delivery Plan: The company targets its two-wheeler deliveries in 2026 to be at least 2.5 times that of 2025, demonstrating VinFast's proactive expansion strategy in the electric two-wheeler market to meet growing consumer demand.
- International Sales Growth: VinFast anticipates a significant boost in international sales in 2026, indicating that the company is actively expanding into overseas markets to enhance its global competitiveness and improve overall performance.
- Delivery Growth Target Achieved: VinFast successfully met its delivery growth target in 2025, further solidifying its position in the electric vehicle industry and laying a solid foundation for future expansion.
See More
VinFast Drives EV Sales with 10-Year Warranty Strategy
- Warranty Innovation: VinFast's industry-leading 10-year or 200,000-kilometre warranty significantly reduces consumer risk perception regarding EVs, thereby attracting more potential buyers, particularly in the Canadian market.
- Price Competitiveness: The VinFast VF 8 starts at approximately CAD 47,206, offering a more appealing option compared to the average new car price of CAD 65,000 in Canada, making the economic case for EVs more persuasive.
- Service Accessibility Enhancement: VinFast's mobile app integrates with about 95% of public charging stations in North America, providing access to over 100,000 chargers, simplifying the charging and service appointment process, and boosting consumer confidence in usage.
- Market Education Strategy: VinFast addresses consumer concerns about EVs by providing clear information on total cost of ownership and warranty coverage, helping them assess the long-term value of EVs more rationally and fostering market maturity.
See More
Black Spade Acquisition III Raises $150 Million for Entertainment and Digital Assets
- Capital Raise: Black Spade Acquisition III successfully raised $150 million by offering 15 million units at $10 each, establishing a solid financial foundation for investments in the leisure, entertainment, and digital asset sectors.
- Management Team: The SPAC is led by Co-CEO and Chairman Dennis Tam, along with Co-CEOs Kester Ng and Richard Taylor, all of whom bring extensive investment management experience, enhancing investor confidence in the venture.
- Investment Focus: Black Spade Acquisition III aims to target opportunities at the intersection of entertainment and digital financial infrastructure, with potential targets including digital assets, Web3 technologies, and blockchain-driven business models, demonstrating keen insight into future market trends.
- Historical Performance: The predecessor, Black Spade Acquisition, merged with Vinfast Auto in 2023, experiencing a 66% decline from its offer price, yet the management team's experience provides a strong assurance for the new SPAC's success.
See More
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- Superior Space Design: The VinFast VF 8 features a 116.1-inch wheelbase and 187-inch length, providing ample interior space that enhances family travel comfort, particularly for children and bulky child seats.
- Smart Tech Features: Equipped with a 15.6-inch central touchscreen that integrates navigation and vehicle controls, the VF 8 improves user experience, while the Plus trim's panoramic glass roof brightens the cabin, making it ideal for long trips.
- Powerful Performance: The VF 8 Eco configuration delivers 349 horsepower, while the Plus version boosts output to 402 horsepower, ensuring stability and acceleration performance even when fully loaded, which enhances family travel confidence.
- Comprehensive Safety Systems: With up to 11 airbags and various driving assistance features like adaptive cruise control and blind spot detection, the VF 8 aims to reduce mental strain during long-distance driving, thereby improving family travel safety.
See More
VinFast VF 9 Enters Canadian Market with 518 km Range
- Market Opportunity: As interest in spacious electric travel rises in Canada, the VinFast VF 9, a seven-seater electric SUV, is gaining traction among families, filling the gap in the market for full-size electric SUVs and meeting consumer demands for space and comfort.
- Comfort Design: The VF 9's second-row captain's seats rival those in luxury minivans, equipped with ventilation and massage functions, making long-distance travel more enjoyable and attracting families accustomed to highway travel, thereby enhancing the brand's competitive edge.
- Charging Convenience: VinFast's mobile app connects with most public charging networks in Canada and the U.S., simplifying the charging process and alleviating consumer concerns about electric vehicle charging, thus promoting wider adoption of EVs.
- Long Warranty Policy: The VF 9 offers a 10-year or 200,000-kilometer comprehensive warranty along with unlimited mileage on the battery, addressing consumer concerns about EV longevity and boosting confidence for families transitioning from traditional gasoline SUVs.
See More
VinFast VF 9 Emerges as a New Electric SUV Choice for Canadian Families
- Market Demand Growth: As interest in spacious electric travel rises in Canada, the VinFast VF 9, a seven-seater electric SUV, is entering family considerations, filling the gap in the market for full-size electric SUVs and meeting consumer space needs.
- Enhanced Comfort: The VF 9's second-row seating rivals luxury minivans, featuring ventilation and massage functions that make long-distance travel more comfortable, appealing to families accustomed to highway travel.
- Strong Range Capability: The VF 9 offers a range of up to 518 kilometers under Canadian conditions, and while winter may impact this, the large battery design mitigates seasonal losses, boosting consumer confidence.
- Superior Warranty Policy: VinFast provides a 10-year or 200,000-kilometer comprehensive warranty along with a battery warranty, one of the longest in Canada, alleviating consumer concerns about the durability of electric vehicles.
See More
