VinFast Auto Ltd..
VFS.US | Manufacture of motor vehicles
VinFast Auto Ltd. is a Vietnamese automotive manufacturer established in 2017. It is a member of Vingroup, one of the largest conglomerates in Vietnam. VinFast focuses on the design, development, and manufacture of electric vehicles (EVs), including electric cars, electric scooters, and electric bus...Show More
Better Health for All
0
No evidence available to assess VinFast Auto Ltd. on Better Health for All.
Fair Money & Economic Opportunity
0
No evidence available to assess VinFast Auto Ltd. on Fair Money & Economic Opportunity.
Fair Pay & Worker Respect
10
VinFast reports that 100% of its employees are members of the Trade Union, and a Collective Labour Agreement was approved by HEZA on April 13, 2022.
1
The company has an employee rating of 66/100, which is an improvement from the previous month and places it in the 80th percentile compared to industry peers.
2
However, another source ranks the company 100th in employee satisfaction.
3
VinFast has not identified any instances of forced or child labor in FY2023 and states that no reports regarding forced or child labor have been made since its Global Speak-Up Policy was adopted in 2022.
4
The company provides social insurance, including medical insurance, for its employees in Vietnam as per regulations, and also purchases additional commercial health insurance to increase coverage, though a specific percentage of coverage is not provided.
5
Fair Trade & Ethical Sourcing
-40
VinFast Canada reported zero instances of forced or child labor identified in its activities or supply chain for FY2023 and FY2024.
1
Additionally, no reports regarding forced or child labor have been made since the Global Speak-Up policy's adoption in 2022.
2
The company has a Supplier Code of Conduct and is implementing an ESG assessment process.
3
Regarding ethical clauses, 80% of VinFast's Tier-1 suppliers have signed a commitment to comply with the Supplier Code of Conduct, which includes labor rights, fair working conditions, and zero tolerance for child or forced labor.
4
VinFast conducts Conflict Minerals Reporting (CMRT) to ensure responsible sourcing of 3TG minerals, but the share of spend on these high-risk materials is not specified.
5
The company has begun more extensive supply chain mapping efforts, but less than 5% of suppliers are mapped beyond tier 1.
Honest & Fair Business
0
No specific, concrete evidence was provided in the article for any of the KPIs related to Honest & Fair Business. The article mentions a shareholder rights law firm commencing an investigation into VinFast for possible violations of federal securities laws, but this does not constitute a confirmed regulatory fine or a specific ESG controversy score.
1
The reference to the SEC Whistleblower Program pertains to a government program, not VinFast's internal whistleblower policy.
2
The mention of the law firm's experience with financial restatements does not indicate that VinFast itself has had any.
3
Information regarding audit coverage, transparency index, complaint resolution time, board conflict-free percentage, anti-corruption policy, or third-party verification was not provided.
4
Kind to Animals
0
VinFast uses vegan leather for seating materials in its VF8 and VF9 Plus models, indicating a substitution of animal-derived leather with an ethical alternative.
1
However, the company's core business as an automotive manufacturer primarily involves non-animal inputs, and there is no evidence of other animal-derived materials being used or substituted. Therefore, the company is assessed as having zero animal inputs in its product line, aligning with the N/A tier for this KPI.
No War, No Weapons
-60
VinFast requires all suppliers to adhere to its Supplier Code of Conduct, which covers labor rights, fair working conditions, environmental protection, health, safety, and zero tolerance for corruption, child labor, or forced labor, indicating full adherence to humanitarian procurement standards.
1
The company conducts annual human-rights reviews across all high-risk zones with publicly available summaries. VinFast JSC began requiring all suppliers to sign its Supplier Code of Conduct in early 2024, which was adopted in August 2023.
2
The company's Human Rights Policy aims to adhere to internationally recognized human rights standards, including the UN Guiding Principles on Business and Human Rights, and its Supplier Assessment Questionnaire includes questions on adherence to global working condition guidelines.
3
The Supplier Code of Conduct sets minimum standards, including compliance with laws to ensure safety and fundamental rights, and not being associated with child labor, human trafficking, or exploitation.
4
VinFast conducts Conflict Minerals Reporting (CMRT) to ensure responsible sourcing of 3TG minerals, but no specific percentage of the supply chain certified conflict-free is provided.
5
80% of Tier-1 suppliers have signed the commitment to comply with the Supplier Code of Conduct and Sustainable Sourcing Policy.
6
Planet-Friendly Business
-80
VinFast Auto Ltd. reported total operational Scope 1 and 2 GHG emissions of 101,691 tCO₂e in 2023, a 9.2% decrease from 2022.
1
However, the company has not published a category-level breakdown of its Scope 3 emissions.
2
VinFast joined The Climate Pledge,
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committing to net-zero carbon emissions by 2040,
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but has not published SBTi-validated targets. In 2023, Vingroup's renewable energy consumption was 1.53% of its total energy consumption.
5
Vingroup's water consumption was 24,515,585 m³ in 2023, a nearly 9.8% reduction from 2022.
6
The company generated 204,396 tons of waste in 2023, with 18.4% recycled.
7
VinFast states it will neutralize remaining emissions with offsets,
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but no quality rating is provided.
9
Sustainability standards are requirements for partners and suppliers,
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but there is no specific disclosure on supplier climate impact, biodiversity efforts, or deforestation policy implementation.
Respect for Cultures & Communities
0
No evidence available to assess VinFast Auto Ltd. on Respect for Cultures & Communities.
Safe & Smart Tech
-50
VinFast issued a voluntary recall of 999 VF 8 vehicles in the US and 2,781 domestically due to a software error in the dashboard display preventing critical safety information from being shown.
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The U.S. National Highway Traffic Safety Administration (NHTSA) mandated this recall.
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The company became aware of the dashboard issue on April 27 and documented 18 instances.
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A software update was scheduled for deployment by May 25, with notification letters sent to owners by May 29.
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This indicates critical vulnerabilities were patched within 30-45 days on average from awareness to fix deployment, mapping to a -70 tier. The NHTSA mandated recall also indicates a regulatory compliance issue, placing the company at -80 for basic compliance with major regulations but with gaps.
Zero Waste & Sustainable Products
-40
VinFast Auto achieved a non-hazardous waste recovery rate of 89.2% at its Hai Phong manufacturing complex in 2024.
1
In 2023, the company generated 37,725 metric tonnes of total waste, with a waste recovery rate of 91.22%.
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Hazardous waste constituted 5.93% of total waste (2,237 metric tonnes) in 2023, with 20.73% of this hazardous waste being recovered.
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All hazardous waste is tracked and managed under ISO 14001:2015 standards, and zero wastewater discharge incidents were recorded across facilities in 2024.
4
The company has a target to eliminate single-use plastics from operations by 2030 and aims to achieve Net Zero emissions by 2040.
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VinFast is designing vehicles for recyclability and exploring battery second-life applications.
6
The company strengthened waste segregation and recycling partnerships across all operations in 2024.
7
Material efficiency improved in 2024 with a water intensity of 2.48 pcs/m³.
8
Suppliers are required to adhere to the VinFast Supplier Code of Conduct, which covers environmental protection and resource efficiency.
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Regular audits are conducted to strengthen digital resilience and compliance with privacy regulations.
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VinFast also raises awareness on EVs, BESS, and renewables to cut carbon emissions.
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