VinFast Auto Ltd

Common Name
VinFast Auto
Country
Singapore
Sector
Consumer Cyclical
Industry
Auto Manufacturers
Employees
17,823
Ticker
VFS
Exchange
NASDAQ/NGS
Description
VinFast Auto Ltd. is a prominent automotive manufacturer that plays a pivotal role in the global electric vehicle (EV) industry. Originating from Vietnam, the company focuses on the production and mar...

VinFast Auto Waste Data Preview

In 2023, VinFast Auto conducted an environmental assessment and disclosed corporate waste management data in accordance with recognized sustainability reporting standards. The company provided a breakdown of its waste by type (hazardous vs non-hazardous) and treatment method (recovery vs disposal), enabling greater transparency into its waste handling and environmental practices.

Metric (tonnes)2023202220212020 - 2017
Total Waste Generated
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0000000
Total Waste Recovered
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0000000
Total Hazardous Waste Generated
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0000000
Non-Hazardous Waste Disposed
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0000000
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Verified Sources Behind VinFast Auto’s Waste Management Data

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a. VinFast Auto's Sustainability Report 2023
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Insights into VinFast Auto's Waste Treatment Practices

In 2023, VinFast Auto generated a total of 37,725 metric tonnes of waste. a

Of this amount, 91.22% of VinFast Auto's total waste generated was recovered through methods such as recycling, reuse, or composting, while 10.59% was disposed of through landfilling, incineration, or combustion. a

VinFast Auto's Waste Recovery Rate

91%

How much of VinFast Auto's waste is recycled or recovered?

In 2023, VinFast Auto reported a total waste generation of 37,725 metric tonnes, of which 91.22% was recovered through recycling, reuse, or composting. This high recovery rate suggests that VinFast Auto has implemented strong circular economy practices and actively prioritizes sustainable waste management. a

Has VinFast Auto reduced its environmental waste footprint over time?

Since 2020, VinFast Auto's total waste generation increased by 201.15%, including a 49.35% increase in 2023, indicating a persistent upward trend that may reflect scaling operations, inefficiencies in resource use, or a lack of effective waste minimization practices. a

Over the same period, VinFast Auto's waste recovery rate increased by 4.97%, including a 9.99% rise in 2023, indicating growing emphasis on circularity and improved operational practices for diverting waste from disposal. a

Overall, VinFast Auto has seen a consistent rise in waste generation both over the long term and in the year 2023. However, the company has also steadily improved its waste recovery performance, suggesting that it is actively working to offset the environmental consequences of increased production through enhanced circularity efforts.

VinFast Auto’s Waste Recovery vs. Disposal Over Time

2020202120222023010 k20 k30 k40 ktonnes
  • Total Waste Disposed
  • Total Waste Recovered

Insights into VinFast Auto’s Generation of Hazardous and Non-Hazardous Waste

In 2023, VinFast Auto generated a total of 37,725 metric tonnes of waste. a

Of this amount, 5.93% of VinFast Auto's total waste generated of was classified as hazardous waste, characterized by properties such as toxicity, flammability, corrosiveness, or reactivity that may pose risks to human health, ecosystems, or the environment. 94.07% was identified as non-hazardous waste, generally considered less harmful and subject to lighter regulatory controls. a

VinFast Auto’s Hazardous vs Non-Hazardous Waste Over Time

202020212022202309.5 k19 k28.5 k38 ktonnes
  • Total Non-Hazardous Waste Generated
  • Total Hazardous Waste Generated

How VinFast Auto reduced the environmental impact of its waste?

Since 2020, VinFast Auto's total waste generation increased by 201.15%, including a 49.35% rise in 2023, reflecting a persistent upward trend that could be linked to operational growth, inefficient material use, or limited investment in waste prevention systems. a

Over the same period, the share of hazardous waste decreased by 10.44%, yet rose by 4.91% in 2023, potentially signaling operational variability, temporary setbacks, or less effective hazardous waste mitigation in the short term. a

Overall, VinFast Auto's waste and hazardousness trends are mixed or inconclusive. A more detailed review of its materials, industry standards, and operational changes would help clarify the net environmental impact of its waste strategy. a

How does VinFast Auto treat its hazardous waste?

In 2023, VinFast Auto reported that 2,237 metric tonnes of its total waste output were classified as hazardous. This represents 5.93% of its overall waste generation. a

The company treated this hazardous waste using a combination of methods. Approximately 20.73% was managed through recovery methods, indicating a moderate integration of circular practices into its hazardous waste management. However, a significant share was still directed toward disposal, highlighting room for improvement in reducing the long-term impact of hazardous materials. a

Breakdown of VinFast Auto's Hazardous and Non-Hazardous Waste by Treatment Method

Non-Hazardous WasteDisposed(8.0%)Non-Hazardous WasteRecovered(88.4%)
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