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DEFERRED REVENUE | 12 Months Ended
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Dec. 31, 2024
DEFERRED REVENUE |
DEFERRED REVENUE | 15.DEFERRED REVENUE ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | For the year ended December 31,
​ | ​ | 2022 | ​ | 2023 | ​ | 2024 | ​ | 2024
​ |  | VND million |  | VND million |  | VND million |  | USD
Beginning balance of the year |  | 43,283 |  | 345,603 | ​ | 1,719,480 |  | 70,658,722
Additions |  | 339,282 |  | 1,480,143 | ​ | 1,233,503 |  | 50,688,432
Revenue recognized |  | (36,962) |  | (106,266) | ​ | (106,334) |  | (4,369,591)
Ending balance of the year |  | 345,603 |  | 1,719,480 | ​ | 2,846,649 |  | 116,977,563
In which: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Short-term | ​ | 84,449 | ​ | 149,747 | ​ | 123,951 | ​ | 5,093,528
Long-term |  | 261,154 |  | 1,569,733 | ​ | 2,722,698 |  | 111,884,035
​ Deferred revenue mainly related to service-type warranties, leasing activities for batteries and maintenance services.Deferred revenue is equivalent to the total transaction price allocated to the performance obligations that are unsatisfied, or partially unsatisfied, as of the balance sheet dates. From the deferred revenue balance as of December 31, 2023, revenue recognized during the year ended December 31, 2024 was VND102.5 billion (USD4.2 million). Of the total deferred revenue as of December 31, 2024, the Group expects to recognize VND124.0 billion (USD5.1 million) of revenue in the next 12 months. The remaining balance will be recognized over the performance period.

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