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LEASES (Tables)

12 Months Ended

Dec. 31, 2023

LEASES

Schedule of operating leases

​

​	​	​	​	​	​	​
​		As of December 31,
​	​	2022		2023		2023
​	​	VND million	​	VND million	​	USD
Operating lease
Right-of-use assets – Operating lease		4,558,983		7,074,785		296,437,819
Total operating lease liabilities		4,025,234		6,847,762		286,925,417
In which:		​		​		​
Current portion of operating lease liabilities		768,883		1,520,305		63,701,710
Non-current operating lease liabilities		3,256,351		5,327,457		223,223,707
In which:		​		​		​
Lease liabilities from related parties (*)		689,846		1,098,369		46,022,333
Lease liabilities from third parties		3,335,388		5,749,393		240,903,084

(*) Detail of balance of lease liabilities from related parties are as follows:

​	​	​	​	​	​	​
​	​	As of December 31,
​		2022		2023		2023
​	​	VND million	​	VND million	​	USD
Vinhomes JSC		41,517		36,133		1,513,995
VHIZ JSC	​	—	​	480,290	​	20,124,445
Vincom Retail JSC		237,939		251,927		10,555,895
Vincom Retail Operation LLC	​	410,390	​	310,162	​	12,995,978
Others		—		19,857		832,020
TOTAL		689,846		1,098,369		46,022,333

Schedule of components of lease expense, other information and supplemental cash flow information related to operating leases

The components of lease expense are as follows:

​	​	​	​	​	​	​	​	​
​	​	For the year ended December 31,
​		2021	​	2022		2023		2023
​	​	VND million	​	VND million	​	VND million	​	USD
Operating lease expense		336,644	​	757,710		1,729,244		72,456,381
Finance lease expense		12,421	​	—		—		—

​

Other information related to operating leases where the Group is the lessee is as follows:

​	​	​	​	​	​
​	​	As of December 31,
​		2022		2023
Weighted-average remaining lease term: (months)	​	​	​	​	​
Operating lease		79		76	​
Weighted-average discount rate:					​
Operating leases		9.20	%	11.26	%

​

​

17.LEASES (continued)

Supplemental cash flow information related to operating leases where the Group is the lessee was as follows:

​	​	​	​	​	​	​	​	​
​	​	For the year ended December 31,
​		2021		2022	​	2023		2023
​	​	VND million	​	VND million	​	VND million	​	USD
Cash paid for amounts included in the measurement of lease liabilities:					​	​
Operating cash outflows from operating leases		289,642		638,235	​	1,549,627		64,930,319

Schedule of maturities of operating lease liabilities

​

​	​	​	​	​	​	​
​	​	As of December 31,
​		2022		2023		2023
​	​	VND million	​	VND million	​	USD
Less than 1 year		811,630		1,611,095		67,505,866
From 1 to 2 years		905,685		1,829,025		76,637,266
From 2 to 3 years		904,013		1,700,901		71,268,792
From 3 to 4 years		822,308		1,513,648		63,422,777
From 4 to 5 years		647,396		949,310		39,776,670
Thereafter		2,086,969		2,711,211		113,601,399
TOTAL		6,178,001		10,315,190		432,212,770
Less: Imputed interest		2,152,767		3,467,428		145,287,353
Present value of lease obligations		4,025,234		6,847,762		286,925,417
Less: Current portion		768,883		1,520,305		63,701,710
Non-current portion of lease obligations		3,256,351		5,327,457		223,223,707

Schedule of maturities of operating lease and sales-type lease receivables from customers

​

​	​	​	​	​	​	​	​	​	​	​	​	​
​	​	Sale-type lease					​	Operating lease
​	​	As of December 31,					​	As of December 31,
​	​	2022	​	2023	​	2023	​	2022	​	2023	​	2023
​		VND million		VND million		USD		VND million		VND million		USD
Less than 1 year		18,677		107,553		4,506,536		92,632		165,767		6,945,739
From 1 to 2 years		18,677		107,553		4,506,536		92,632		165,767		6,945,739
From 2 to 3 years		18,677		107,553		4,506,536		92,632		165,767		6,945,739
From 3 to 4 years		18,677		107,553		4,506,536		92,632		165,767		6,945,739
From 4 to 5 years		18,677		107,553		4,506,536		92,632		165,767		6,945,739
Thereafter		56,031		322,353		13,506,789		367,748		653,545		27,383,935
TOTAL		149,416		860,118		36,039,469		830,908		1,482,380		62,112,630

Schedule of lease receivables relating to sales-type leases

​

​	​	​	​	​	​	​
​	​	As of December 31,
​		2022		2023		2023
​	​	VND million	​	VND million	​	USD
Gross lease receivables		149,417		904,418		37,895,667
Received cash		(2,649)		(53,765)		(2,252,786)
Unearned interest income		(59,258)		(142,436)		(5,968,156)
Net investment in sales-type leases		87,510		708,217		29,674,725
Reported as:		​		​		​
Current net investment in sales-type lease		5,448		87,552		3,668,482
Non-current net investment in sales-type lease		82,062		620,665		26,006,243
Net investment in sales-type leases		87,510		708,217		29,674,725

Schedule of lease income in operating lease

​

​	​	​	​	​	​	​	​	​
​	​	For the year ended December 31,
​		2021		2022	​	2023		2023
​	​	VND million	​	VND million	​	VND million	​	USD
Lease income relating to lease payments		11,466		26,387	​	233,817		9,797,059
Lease income relating to variable lease payments not included in the measurement of the lease receivable		7,770		14,065	​	67,272		2,818,722

​

X

- Definition

Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147478964/842-20-50-4

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Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147478964/842-20-50-6

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- Definition

Tabular disclosure of components of income from operating lease.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 842
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479773/842-30-50-5

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-Paragraph 6A
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The tabular disclosure of leases of lessee.

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