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INVESTMENTS IN EQUITY INVESTEES

12 Months Ended

Dec. 31, 2024

INVESTMENTS IN EQUITY INVESTEES

INVESTMENTS IN EQUITY INVESTEES

12.INVESTMENTS IN EQUITY INVESTEES

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​	​	​	​	​	​	​	​	​	​	​
Name	​	As of December 31, 2023				As of December 31, 2024				Principal activities
​		Voting right		Equity interest		Voting right		Equity interest		​
​		(%)		(%)	​	(%)		(%)	​	​
V-G High Tech Energy Solutions Co., Ltd. (“V-G”)		48.6		48.4	​	48.6		48.4	​	Manufacturing car plastic accessories

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V-G’s head office is located at Vung Ang Economic Zone, Ky Loi Ward, Ky Anh Town, Ha Tinh province.

​

12.INVESTMENTS IN EQUITY INVESTEES (continued)

Summarized financial information of the joint venture in 2023 and 2024 is provided as below:

Summarized balance sheets as of December 31, 2023 and December 31, 2024:

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​	​	​	​	​	​	​
​		As of		As of
​	​	December 31, 2023	​	December 31, 2024
​		VND million		VND million		USD
Current assets		1,250,629		1,285,393		52,820,752
Non-current assets		1,992,423		5,663,362		232,724,964
Current liabilities		(743,905)		(4,188,116)		(172,102,568)
Non-current liabilities		—		(361,947)		(14,873,516)
Total equity		2,499,147		2,398,692		98,569,632
Attributable to:
The Group		1,214,938		1,166,102		47,918,718
The other partner in the joint venture		1,284,209		1,232,590		50,650,914

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Summarized statements of profit or loss for the year ended December 31, 2023 and 2024:

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​	​	​	​	​	​	​
​		For the year ended December 31,
​		2023		2024		2024
​		VND million		VND million		USD
Finance income	​	90,850		3,550		145,880
Operating expenses	​	(15,927)		(108,890)		(4,474,625)
Profit/(loss) before tax	​	74,923		(105,340)		(4,328,745)
Income tax expense	​	—		—		—
Profit/(loss) for the year	​	74,923		(105,340)		(4,328,745)
The Group’s share of profit/(loss) for the year	​	36,422		(48,836)		(2,006,821)
Attributable to the other partner in the joint venture	​	38,501		(56,504)		(2,321,924)

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X

- References

No definition available.

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- Definition

The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group.

+ References

Reference 1: http://www.xbrl.org/2003/role/recommendedDisclosureRef
-Topic 740
-SubTopic 323
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478156/740-323-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 323
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (a)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481687/323-10-50-3

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 323
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481687/323-10-50-3

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Topic 323
-Publisher FASB
-URI https://asc.fasb.org/323/tableOfContent

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