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CASH, CASH EQUIVALENTS AND CASH

12 Months Ended

Dec. 31, 2024

CASH, CASH EQUIVALENTS AND CASH

CASH, CASH EQUIVALENTS AND CASH

5.CASH, CASH EQUIVALENTS AND CASH

Cash and cash equivalents comprise cash on hand, cash in banks, cash in transit and short-term, highly liquid investments, which are unrestricted as to withdrawal and use, with an original maturity of not more than three months that are readily convertible into known amount of cash and that are subject to an insignificant risk of change in value.

Restricted cash is comprised primarily of cash as collateral for letters of credit issued to the landlords for certain of the Group’s leased facilities, cash receipts from customers at commercial banks which are temporarily frozen and checked before being transferred to current accounts of the Group, autonomous vehicle manufacturing surety bonds and cash held as collateral for sales to commercial banking partner/leasing company with a resale value guarantee. The Company determines current or non-current classification based on the expected duration of the restriction.

Details of cash and cash equivalent and restricted cash are presented in the consolidated statements of cash flows as below:

​

​	​	​	​	​	​	​	​	​
​	​	As of December 31,
​		2022		2023		2024		2024
​	​	VND million	​	VND million	​	VND million	​	USD
Cash on hand		382		1,279		28	​	1,151
Cash at banks	​	4,357,824	​	4,094,193	​	2,223,405	​	91,366,550
Cash equivalents (*)	​	3,425	​	—	​	1,083,360	​	44,518,595
Total cash and cash equivalents	​	4,361,631	​	4,095,472	​	3,306,793	​	135,886,295
Short-term restricted cash	​	—	​	102,932	​	2,371,038	​	97,433,244
Long-term restricted cash	​	—	​	660,363	​	1,610,439	​	66,177,892
Total cash, cash equivalents and restricted cash	​	4,361,631	​	4,858,767	​	7,288,270	​	299,497,432

(*) Cash equivalents as of December 31, 2024 represents bank deposits with term of 1 month and earns interest rate ranging from 4.75% to 5.75% per annum.

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- References

No definition available.

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- Definition

The entire disclosure for cash and cash equivalent footnotes, which may include the types of deposits and money market instruments, applicable carrying amounts, restricted amounts and compensating balance arrangements. Cash and equivalents include: (1) currency on hand (2) demand deposits with banks or financial institutions (3) other kinds of accounts that have the general characteristics of demand deposits (4) short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Generally, only investments maturing within three months from the date of acquisition qualify.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1

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