Is VinFast Auto Ltd (VFS) Among the Must-Buy Penny Stocks to Invest In Now?

VinFast Auto Ltd (NASDAQ:VFS) is among the must-buy penny stocks to invest in now. The stock has gained more than 47% over the past month.

Is VinFast Auto Ltd (VFS) Among the Must-Buy Penny Stocks to Invest In Now?

On April 13, VinFast announced that it delivered 27,609 electric vehicles in March 2026 in its domestic Vietnam market, representing an increase of 127% YoY. The company estimates its Q1 2026 deliveries in Vietnam reached 53,684 vehicles. The best-selling models for the month of March and Q1 were Limo Green and VF 3. The management said the deliveries underscored VinFast’s leadership in the domestic vehicle market.

On March 23, Cantor Fitzgerald reaffirmed its Overweight stock rating on VinFast Auto Ltd (NASDAQ:VFS) stock, citing strong delivery guidance numbers. The firm pointed to VinFast’s targets to deliver 300,000 vehicles in 2026, above the consensus projection of 212,767 vehicles. The 2026 delivery target also indicates a sharp increase from the 2025 deliveries of 197,000 vehicles.

The firm also noted VinFast’s expansion plans. In 2026, the Vietnamese electric vehicle maker aims to double its Indian dealer footprint and expand its dealer partnerships in the Philippines and Indonesia. VinFast also plans US launches, including an electric bus.

In its domestic Vietnam market, VinFast controlled around 36% market share in the passenger vehicle segment in 2025, making it the market leader. In the category of all-battery electric vehicle brands, Vietnam ranked second in the Philippines, third in Indonesia, and fourth in India.

The company is also working on expanding its presence in the two-wheeler segment in Asian markets. It also has its eyes set on the robotaxis and humanoids, with plans to expand into these markets over the next few years.

VinFast Auto Ltd (NASDAQ:VFS) is an automaker based in Vietnam. It produces a variety of electric vehicles, including electric cars, electric buses, and electric scooters. VinFast Auto has multinational operations and continues to expand into more global markets.

While we acknowledge the risk and potential of VFS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than VFS and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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