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OTHER LIABILITIES | 12 Months Ended
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Dec. 31, 2023
OTHER LIABILITIES |
OTHER LIABILITIES | 16.OTHER LIABILITIES ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | As of December 31,
​ | ​ | 2022 | ​ | 2023 | ​ | 2023
​ | ​ | VND million |  | VND million |  | USD
Provision for contract penalty, compensations and purchase commitments |  | 1,321,147 |  | 1,476,203 |  | 61,853,809
Tax payables |  | 1,756,860 |  | 609,469 |  | 25,537,124
Assurance-type warranties |  | 254,792 |  | 898,593 |  | 37,651,596
Payables to employees |  | 631,064 |  | 773,628 |  | 32,415,486
Payables relating to business cooperation contract with Nam An(*) | ​ | - | ​ | 5,814,429 | ​ | 243,628,132
Others |  | 214,115 |  | 454,971 |  | 19,063,564
TOTAL CURRENT LIABILITIES |  | 4,177,978 |  | 10,027,293 |  | 420,149,711
Assurance-type warranties |  | 606,429 |  | 1,692,005 |  | 70,896,045
Payable relating to government grant | ​ | — | ​ | 396,696 | ​ | 16,621,805
Others | ​ | — | ​ | 131,594 | ​ | 5,513,869
TOTAL NON-CURRENT LIABILITES |  | 606,429 |  | 2,220,295 |  | 93,031,719
(*) On March 9, 2023, the Group entered into a business cooperation contract with Nam An Investment and Trading Joint Stock Company (“Nam An”), and a subsequent appendix to the contract (collectively refer as “the BCC”). According to the BCC, Nam An provided VND5,875 billion of cooperation capital to fund the development and construction of our automobile manufacturing facilities in Hai Phong. In return for the cooperation capital, Nam An will be entitled to receive quarterly distributions of 0.25% of the Group’s total revenue from sale of electric vehicles in all markets during the cooperation period payment on the 10th day of the last month of each quarter. In addition, Nam An will receive 5% of cooperation capital at the end of contract if the Group cannot meet the revenue schedule as mutually agreed upon by both parties. The BCC has a term of 18 months, commencing from March 10, 2023, after which Nam An may either receive the cooperation capital amount, extend the agreement for an additional 18 months, or convert the cooperation capital amount into a secured loan. The interest rate for the potential loan would be mutually agreed upon, based on market conditions at the time of conversion. ​ 16.OTHER LIABILITIES (continued) Details of movement of certain provisions during the year are as below: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Currency: VND million
​ | ​ | Provision for | ​ | Provision | ​ | ​ | ​ | ​
​ | ​ | contract penalty | ​ | related | ​ | ​ | ​ | ​
​ | ​ | and | ​ | to purchase | ​ | Assurance-type | ​ | ​
​ | ​ | compensation | ​ | commitment | ​ | warranties | ​ | TOTAL
At January 1, 2021: |  | — |  | 1,444,833 |  | 428,046 |  | 1,872,879
Provision made during the year |  | 4,340,322 |  | 65,981 |  | 178,377 |  | 4,584,680
Change in accounting estimate for pre-existing provisions |  | — |  | — |  | (211,399) |  | (211,399)
Reversal of provision |  | — |  | (245,101) |  | — |  | (245,101)
Offsetting against advances |  | (402,777) |  | — |  | — |  | (402,777)
Utilized |  | — |  | (1,087,302) |  | (59,554) |  | (1,146,856)
At December 31, 2021 |  | 3,937,545 |  | 178,411 |  | 335,470 |  | 4,451,426
At January 1, 2022: |  | 3,937,545 |  | 178,411 |  | 335,470 |  | 4,451,426
Provision made during the year |  | 272,779 |  | — |  | 740,710 |  | 1,013,489
Change in accounting estimate for pre-existing provisions |  | (157,349) |  | (7,728) |  | (25,024) |  | (190,101)
Utilized |  | (2,731,828) |  | (170,683) |  | (189,935) |  | (3,092,446)
At December 31, 2022 | ​ | 1,321,147 | ​ | — | ​ | 861,221 | ​ | 2,182,368
At January 1, 2023: | ​ | 1,321,147 | ​ | — | ​ | 861,221 | ​ | 2,182,368
Provision made during the year(i) | ​ | 1,111,317 | ​ | — | ​ | 1,873,325 | ​ | 2,984,642
Change in accounting estimate for pre-existing provisions | ​ | — | ​ | — | ​ | 222,988 | ​ | 222,988
Utilized | ​ | (956,261) | ​ | — | ​ | (366,936) | ​ | (1,323,197)
At December 31, 2023 |  | 1,476,203 |  | — |  | 2,590,598 |  | 4,066,801
USD |  | 61,853,809 |  | — |  | 108,547,641 |  | 170,401,450
(i) | The penalty and compensation costs incurred in 2023 were primarily related to the estimated charge from suppliers due to the cessation of production of certain e-scooter models and development of certain electric vehicle models.

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