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DEPOSITS AND DOWN PAYMENT FROM CUSTOMERS | 12 Months Ended
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Dec. 31, 2023
DEPOSITS AND DOWN PAYMENT FROM CUSTOMERS |
DEPOSITS AND DOWN PAYMENT FROM CUSTOMERS | 13.DEPOSITS AND DOWN PAYMENT FROM CUSTOMERS The balance as of December 31, 2023 is represents deposits and down payment received in advance from customers for sales of automobiles, escooters and service parts, which included VND329.7 billion (USD13.8 million) of refundable deposit liabilities and VND534.7 billion (USD22.4 million) non-refundable down-payment of contract liabilities. Revenue recognized in 2023 from these contract liabilities as of December 31, 2022 amounted to approximately VND2,717.1 billion (USD113.8 million) (in 2022: VND1,009 billion, in 2021: VND1,069 billion).

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- Definition The entire disclosure of contract with customer liability. + References No definition available. + Details
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