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INVENTORIES, NET | 12 Months Ended
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Dec. 31, 2024
INVENTORIES, NET |
INVENTORIES, NET | 8.INVENTORIES, NET The classification of inventory balance as of December 31, 2024 and 2023 is as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | At lower of cost and net realizable value
​ | ​ | As of December 31,
​ |  | 2023 |  | 2024 |  | 2024
​ | ​ | VND million | ​ | VND million | ​ | USD
Raw materials |  | 15,127,071 |  | 12,077,632 |  | 496,307,047
Finished goods, including service parts |  | 9,250,489 |  | 10,104,487 |  | 415,224,450
Good in transit |  | 2,087,979 |  | 2,123,863 |  | 87,276,063
Work in progress |  | 3,422,796 |  | 3,338,606 |  | 137,193,589
Merchandises |  | 25,343 |  | 22,770 |  | 935,689
Tools and spare parts |  | 227,703 |  | 239,672 |  | 9,848,860
TOTAL |  | 30,141,381 |  | 27,907,030 |  | 1,146,785,700
​ As of December 31, 2024, inventories with the carrying value of VND415 billion (USD17.1 million) (2023: VND936.3 billion) are used as collateral for borrowings of the Group as presented in Note 13. Finished goods include vehicles, e-scooters and service parts. Battery leases accounted for as operating leases (Note 2(m)) are transferred to Property, Plant and Equipment once the lease commences (concurrently with the sales of vehicles). Out of the total amount recognized for inventories on December 31, 2024, inventories measured at cost amounted to VND39,859.1 billion (USD1,637.9 million) (2023: VND38,633.4 billion, 2022:VND29,385.2 billion). Inventory write-downs recognized in cost of sales for the year ended 2024 were VND8,638.1 billion (USD355.0 million) (2023: VND5,614.9 billion, 2022: VND5,823.0 billion).

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- Definition The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 330 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/330/tableOfContent + Details
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