VinFast Signs MOUs with 29 Partners to Expand Global Service Network to 1,100 Centers by 2026

Overview

VinFast (VFS) has signed Memoranda of Understanding (MOUs) with 29 international partners to establish global-standard electric vehicle (EV) service workshops in their respective markets. The agreements, announced during the VinFast Global Investor Conference held from May 4-10, 2026, are part of the company’s strategy to expand its global service network to over 1,100 centers by 2026.

Key Facts

• VinFast signed MOUs with 29 international aftermarket partners at the VinFast Global Investor Conference (May 4-10, 2026).
• The conference gathered over 200 investors and partners from North America, Europe, the Middle East, India, Indonesia, the Philippines, and Kazakhstan.
• VinFast aims to expand its global service network to over 1,100 workshops in 2026.
• As of end-2025, VinFast had nearly 400 service centers in Vietnam and approximately 800 internationally.
• The company targets delivery of common spare parts within 24 hours in key markets.
• VinFast will implement global-standard technician training and certification programs.
• The service network will include dealerships, fleet customer centers, and third-party local workshops.

What Happened

On May 15, 2026, VinFast announced the signing of MOUs with 29 international partners to establish EV service workshops adhering to VinFast’s global standards. The announcement was made during the VinFast Global Investor Conference, which the company organized for the first time, bringing together over 200 investors and partners from key markets including North America, Europe, the Middle East, India, Indonesia, the Philippines, and Kazakhstan.

Under the MOUs, partners will set up service centers in their home markets. VinFast will ensure consistent service quality through global-standard technician training and certification, standardized operating procedures, and a parts supply system targeting delivery of common spare parts within 24 hours in key markets. The agreements are part of VinFast’s long-term strategy to develop a comprehensive EV ecosystem encompassing after-sales, charging infrastructure, and customer support.

Market Context

VinFast (VFS) closed at 13,000 on May 14, 2026, up 1.56% with volume of 943,300 shares. The stock trades on the Nasdaq Global Select Market. The expansion of the service network addresses a key concern for EV adoption: after-sales support. VinFast’s international strategy builds on its proven operational and after-sales capabilities in Vietnam, where it has developed nearly 400 service centers.

Strategic Significance

The MOUs represent a concrete step in VinFast’s strategy to build a global EV ecosystem. By partnering with local service providers, VinFast can rapidly scale its service network without heavy capital expenditure, addressing a critical barrier to EV adoption—customer confidence in after-sales support. The focus on 24-hour parts delivery in key markets and standardized technician training aims to differentiate VinFast from competitors. This network expansion supports VinFast’s broader goal of becoming a global EV player, complementing its manufacturing and sales efforts.

What to Watch

• Execution of the MOUs: conversion of signed agreements into operational service centers.
• VinFast’s quarterly delivery and service revenue reports to gauge customer uptake.
• Expansion of charging infrastructure, which is complementary to service network growth.
• Any further partnerships or investments in key markets like North America and Europe.
• Updates on VinFast’s manufacturing capacity and vehicle delivery targets for 2026.