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OTHER LIABILITIES (Tables) | 12 Months Ended
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Dec. 31, 2024
OTHER LIABILITIES |
Schedule of other liabilities | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | As of December 31,
​ | ​ | 2023 | ​ | 2024 | ​ | 2024
​ | ​ | VND million |  | VND million |  | USD
Provision for contract penalty, compensations and purchase commitments |  | 1,381,631 |  | 1,853,326 |  | 76,158,866
Provision for residual guarantee program |  | — |  | 140,461 |  | 5,771,975
Tax payables |  | 635,967 |  | 2,041,629 |  | 83,896,815
Assurance-type warranties |  | 895,086 |  | 2,215,403 |  | 91,037,723
Payables to employees | ​ | 802,163 | ​ | 993,210 | ​ | 40,814,054
Payables relating to business cooperation contract with Nam An | ​ | 5,814,429 | ​ | — | ​ | —
Payables relating to business cooperation contract with Huong Hai | ​ | 3,676,708 | ​ | — | ​ | —
Others |  | 669,641 |  | 2,229,754 |  | 91,627,450
TOTAL CURRENT LIABILITIES |  | 13,875,625 |  | 9,473,783 |  | 389,306,883
Assurance-type warranties |  | 1,665,963 |  | 3,414,032 |  | 140,293,076
Provision for residual guarantee program | ​ | — | ​ | 857,308 | ​ | 35,229,423
Payable relating to government grant (i) | ​ | 396,696 | ​ | 1,892,983 | ​ | 77,788,494
Others | ​ | 131,594 | ​ | 135,790 | ​ | 5,580,028
TOTAL NON-CURRENT LIABILITES |  | 2,194,253 |  | 6,300,113 |  | 258,891,021
(i) | The amount received from Site Development Agreement with North Carolina Department of Commerce (Note 2 (t)).
Schedule of movement of certain provisions | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Currency: VND million
​ |  | Provision for |  | Provision |  | ​ |  | ​ |  | ​
​ | ​ | contract penalty | ​ | related | ​ | ​ | ​ | Provision for | ​ | ​
​ | ​ | and | ​ | to purchase | ​ | Assurance-type | ​ | residual | ​ | ​
​ |  | compensation (i) |  | commitment |  | warranties |  | guarantee |  | TOTAL
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 |  | 1,016,745 |  | — |  | 1,843,776 |  | — |  | 2,860,521
Change in accounting estimate for pre-existing provisions |  | — |  | — |  | 222,988 |  | — |  | 222,988
Utilized |  | (956,261) |  | — |  | (366,936) |  | — |  | (1,323,197)
At December 31, 2023 | ​ | 1,381,631 | ​ | — | ​ | 2,561,049 | ​ | — | ​ | 3,942,680
At January 1, 2024: | ​ | 1,381,631 | ​ | — | ​ | 2,561,049 | ​ | — | ​ | 3,942,680
Provision made during the year | ​ | 1,002,699 | ​ | — | ​ | 4,066,583 | ​ | 997,769 | ​ | 6,067,051
Change in accounting estimate for pre-existing provisions | ​ | (10,686) | ​ | — | ​ | (21,010) | ​ | — | ​ | (31,696)
Utilized | ​ | (520,318) | ​ | — | ​ | (977,187) | ​ | — | ​ | (1,497,505)
At December 31, 2024 |  | 1,853,326 |  | — |  | 5,629,435 |  | 997,769 |  | 8,480,530
USD |  | 76,158,866 |  | — |  | 231,330,799 |  | 41,001,397 |  | 348,491,062
(i) | The penalty and compensation costs incurred in 2024 were primarily related to the estimated charge from suppliers due to failure to meet committed volume, discontinuation of the development and engineering change of certain future electric vehicle models. As of 31 December 2024, the Company was still in the negotiation process to finalize compensation amounts.

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