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LEASES (Tables)

12 Months Ended

Dec. 31, 2024

LEASES

Schedule of operating leases

​

​	​	​	​	​	​	​
​		As of December 31,
​	​	2023		2024		2024
​	​	VND million	​	VND million	​	USD
Operating lease
Right-of-use assets – Operating lease		7,081,509		5,042,347		207,205,548
Total operating lease liabilities		6,854,700		5,485,846		225,430,286
In which:		​		​		​
Current portion of operating lease liabilities		1,524,356		1,486,822		61,098,090
Non-current operating lease liabilities		5,330,344		3,999,024		164,332,196
In which:		​		​		​
Lease liabilities from related parties (*)		1,098,369		524,032		21,534,087
Lease liabilities from third parties		5,756,331		4,961,814		203,896,199

(*) Detail of balance of lease liabilities from related parties are as follows:

​	​	​	​	​	​	​
​	​	As of December 31,
​		2023		2024		2024
​	​	VND million	​	VND million	​	USD
Vinhomes JSC		36,133		48,750		2,003,287
VHIZ JSC	​	480,290	​	—	​	—
VHIZ Hai Phong JSC	​	—	​	399,513	​	16,417,219
Vincom Retail JSC		251,927		10,762		442,244
Vincom Retail Operation LLC	​	310,162	​	21,297	​	875,159
Others		19,857		43,710		1,796,178
TOTAL		1,098,369		524,032		21,534,087

Schedule of components of lease expense, other information and supplemental cash flow information related to operating leases

The components of lease expense are as follows:

​	​	​	​	​	​	​	​	​
​	​	For the year ended December 31,
​		2022	​	2023		2024		2024
​	​	VND million	​	VND million	​	VND million	​	USD
Operating lease expense		757,710	​	1,729,244		1,905,922		78,320,197

​

Other information related to operating leases where the Group is the lessee is as follows:

​	​	​	​	​	​
​	​	As of December 31,
​		2023		2024
Weighted-average remaining lease term: (months)	​	​	​	​	​
Operating lease		76		66	​
Weighted-average discount rate:					​
Operating leases		11.26	%	10.71	%

Supplemental cash flow information related to operating leases where the Group is the lessee was as follows:

​	​	​	​	​	​	​	​	​
​	​	For the year ended December 31,
​		2022		2023		2024		2024
​	​	VND million	​	VND million	​	VND million	​	USD
Cash paid for amounts included in the measurement of lease liabilities:					​	​
Operating cash outflows from operating leases		638,235		1,549,627	​	1,385,185		56,921,512

Schedule of maturities of operating lease liabilities

​

​	​	​	​	​	​	​
​	​	As of December 31,
​		2023		2024		2024
​	​	VND million	​	VND million	​	USD
Less than 1 year		1,611,095		1,639,537		67,373,618
From 1 to 2 years		1,829,025		1,513,802		62,206,780
From 2 to 3 years		1,700,901		1,385,638		56,940,127
From 3 to 4 years		1,513,648		819,732		33,685,309
From 4 to 5 years		949,310		514,174		21,128,991
Thereafter		2,711,213		1,782,592		73,252,188
TOTAL		10,315,192		7,655,475		314,587,013
Less: Imputed interest		3,460,492		2,169,629		89,156,727
Present value of lease obligations		6,854,700		5,485,846		225,430,286
Less: Current portion		1,524,356		1,486,822		61,098,090
Non-current portion of lease obligations		5,330,344		3,999,024		164,332,196

Schedule of maturities of operating lease and sales-type lease receivables from customers

​

​	​	​	​	​	​	​	​	​	​	​	​	​
​	​	Sale-type lease					​	Operating lease
​	​	As of December 31,					​	As of December 31,
​	​	2023	​	2024	​	2024	​	2023	​	2024	​	2024
​		VND million		VND million		USD		VND million		VND million		USD
Less than 1 year		107,553		199,350		8,191,905		165,767		512,432		21,057,407
From 1 to 2 years		107,553		199,350		8,191,905		165,767		507,346		20,848,408
From 2 to 3 years		107,553		199,350		8,191,905		165,767		492,241		20,227,697
From 3 to 4 years		107,553		199,350		8,191,905		165,767		469,014		19,273,228
From 4 to 5 years		107,553		199,350		8,191,905		165,767		453,054		18,617,382
Thereafter		322,353		442,176		18,170,372		653,545		1,270,215		52,197,041
TOTAL		860,118		1,438,926		59,129,897		1,482,380		3,704,302		152,221,163

Schedule of lease receivables relating to sales-type leases

​

​	​	​	​	​	​	​
​	​	As of December 31,
​		2023		2024		2024
​	​	VND million	​	VND million	​	USD
Gross lease receivables		904,418		1,642,125		67,479,967
Received cash		(53,765)		(203,199)		(8,350,072)
Unearned interest income		(142,436)		(279,473)		(11,484,405)
Net investment in sales-type leases		708,217		1,159,453		47,645,490
Reported as:		​		​		​
Current net investment in sales-type lease		87,552		134,713		5,535,772
Non-current net investment in sales-type lease		620,665		1,024,740		42,109,719
Net investment in sales-type leases		708,217		1,159,453		47,645,490

Schedule of lease income in operating lease

​

​	​	​	​	​	​	​	​	​
​	​	For the year ended December 31,
​		2022		2023		2024		2024
​	​	VND million	​	VND million	​	VND million	​	USD
Lease income relating to lease payments		26,387		233,817	​	341,296		14,024,902
Lease income relating to variable lease payments not included in the measurement of the lease receivable		14,065		67,272	​	41,617		1,710,171

​

X

- Definition

Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478964/842-20-50-4

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- Definition

Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478964/842-20-50-6

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- Definition

Tabular disclosure of components of income from operating lease.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 842
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479773/842-30-50-5

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482964/270-10-50-6A

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The tabular disclosure of leases of lessee.

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Tabular disclosure of net investment in sales-type lease.

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The tabular disclosure of maturities of operating lease and sales-type lease receivables from customers.

+ References

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