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CONSOLIDATED STATEMENT OF OPERATIONS
₫ in Millions
12 Months Ended
Dec. 31, 2023
VND (₫)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
VND (₫)
Dec. 31, 2021
VND (₫)
Revenue from leasing activities ₫ 1,005,388 $ 42,126,372 ₫ 166,525 ₫ 89,400
Revenues (*) [1] 28,712,051 1,203,052,500 14,965,591 16,028,182
Cost of leasing activities (971,154) (40,691,947) (162,275) (56,095)
Cost of sales (41,938,825) (1,757,262,425) (27,232,496) (25,283,958)
Gross loss (13,226,774) (554,209,925) (12,266,905) (9,255,776)
Operating expenses:        
Research and development costs (14,516,962) (608,269,589) (19,939,898) (9,255,376)
Selling and distribution costs (5,806,552) (243,298,081) (5,213,739) (2,203,839)
Administrative expenses (5,269,780) (220,807,006) (4,010,012) (2,424,560)
Compensation expenses (1,111,317) (46,564,862) (109,431) (4,340,322)
Net other operating income/(expenses) (521,774) (21,862,650) (716,379) 412,472
Operating loss (40,453,159) (1,695,012,113) (42,256,364) (27,067,401)
Finance income 83,853 3,513,492 88,060 446,139
Finance costs (12,133,400) (508,396,883) (7,959,840) (4,598,235)
Net gain/(loss) on financial instruments at fair value through profit or loss (4,879,833) (204,467,988) 1,226,012 (1,710,029)
Investment gain       956,588
Share of losses from equity investees       (36,786)
Loss before income tax expense (57,382,539) (2,404,363,492) (48,902,132) (32,009,724)
Tax expense (89,132) (3,734,685) (946,738) (209,237)
Net loss for the year (57,471,671) (2,408,098,177) (49,848,870) (32,218,961)
Net loss attributable to non-controlling interests (74,807) (3,134,459) (65,075) (35,234)
Net loss attributable to controlling interest (57,396,864) (2,404,963,718) (49,783,795) (32,183,727)
Vehicles        
Revenues 26,226,366 1,098,900,779 12,391,500 13,898,621
Cost of sales, excluding leasing activities (39,153,375) (1,640,550,365) (24,660,149) (23,326,953)
Merchandise        
Revenues 142,800 5,983,407 112,206 1,405,368
Cost of sales, excluding leasing activities (155,959) (6,534,778) (151,353) (1,398,339)
Spare parts and components        
Revenues 882,146 36,962,457 2,072,628 538,216
Cost of sales, excluding leasing activities (608,611) (25,501,173) (1,869,084) (437,195)
Rendering of services        
Revenues 455,351 19,079,485 222,732 96,577
Cost of sales, excluding leasing activities ₫ (1,049,726) $ (43,984,162) ₫ (389,635) ₫ (65,376)
[1] Including sales to related parties in 2021, 2022 and 2023 of VND516,546 million, VND2,378,858 million and VND19,716,922 million (USD826.1 million), respectively.