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CONSOLIDATED STATEMENT OF OPERATIONS
₫ in Millions
 12 Months Ended
Dec. 31, 2024
VND (₫)
Dec. 31, 2024
USD ($)
Dec. 31, 2023
VND (₫)
 [1]
Dec. 31, 2022
VND (₫)
 [1]
Revenue from leasing activities ₫ 1,052,873 $ 43,265,790 ₫ 1,005,388 ₫ 220,570
Revenues [2] 44,019,015 1,808,876,721 27,883,821 13,927,746
Cost of leasing activities (877,860) (36,073,968) (971,154) (205,882)
Cost of sales (69,296,654) (2,847,612,657) (41,594,732) (26,974,525)
Gross loss (25,277,639) (1,038,735,936) (13,710,911) (13,046,779)
Operating expenses:        
Research and development costs (10,025,329) (411,971,605) (15,414,442) (21,196,862)
Selling and distribution costs (7,995,602) (328,563,879) (5,661,737) (5,222,963)
Administrative expenses (8,892,429) (365,417,259) (5,611,548) (4,210,502)
Net other operating expenses (3,208,159) (131,833,121) (1,572,015) (879,141)
Operating loss (55,399,158) (2,276,521,800) (41,970,653) (44,556,247)
Finance income 354,530 14,568,728 422,746 163,120
Finance costs (19,108,150) (785,212,657) (13,782,105) (8,729,279)
Net gain/(loss) on financial instruments at fair value through profit or loss (3,183,030) (130,800,493) (4,879,833) 1,226,012
Share of profit/ (losses) from equity investees (48,836) (2,006,821) 36,422 32
Loss before income tax expense (77,384,644) (3,179,973,043) (60,173,423) (51,896,362)
Tax expense 29,695 1,220,259 (76,925) (1,062,335)
Net loss for the year (77,354,949) (3,178,752,784) (60,250,348) (52,958,697)
Net loss attributable to non-controlling interests (89,585) (3,681,323) (82,222) (70,885)
Net loss attributable to controlling interest (77,265,364) (3,175,071,461) (60,168,126) (52,887,812)
Vehicles        
Revenues 40,145,556 1,649,704,376 25,398,136 12,655,158
Cost of sales, excluding leasing activities (66,117,104) (2,716,955,167) (38,809,282) (25,635,068)
Merchandise        
Revenues 101,134 4,155,907 142,800 112,206
Cost of sales, excluding leasing activities (104,845) (4,308,404) (155,959) (151,353)
Spare parts and components        
Revenues 1,823,617 74,938,032 882,146 717,080
Cost of sales, excluding leasing activities (700,805) (28,798,233) (608,611) (592,587)
Rendering of services        
Revenues 895,835 36,812,616 455,351 222,732
Cost of sales, excluding leasing activities ₫ (1,496,040) $ (61,476,885) ₫ (1,049,726) ₫ (389,635)
[1] As adjusted to reflect the historical financial statements of VinES JSC acquired in January 2024, deemed as reorganization under common control (Note 3).
[2] Including sales to related parties in 2022, 2023 and 2024 of VND1,023.3 billion, VND19,305.4 billion and VND13,482.8 billion (USD554 million), respectively.