XML 31 R7.htm IDEA: XBRL DOCUMENT v3.25.1
CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY
₫ in Millions
Ordinary shares
VND (₫)
shares
Ordinary shares
USD ($)
shares
Additional paid-in capital
VND (₫)
Additional paid-in capital
USD ($)
Accumulated losses
VND (₫)
Accumulated losses
USD ($)
Other comprehensive income/(loss)
VND (₫)
Other comprehensive income/(loss)
USD ($)
Non-controlling interests
VND (₫)
Non-controlling interests
USD ($)
VND (₫)
shares
USD ($)
shares
Beginning balance at Dec. 31, 2021 [1] ₫ 553,892   ₫ 3,582,000   ₫ (77,456,119)   ₫ (63,494)   ₫ (5,696)   ₫ (73,389,417)  
Beginning balance (in shares) at Dec. 31, 2021 | shares [1] 2,298,963,211 2,298,963,211                    
Net loss for the year         (52,887,812)       (70,885)   (52,958,697) [1]  
Foreign currency translation adjustment             (40,571)       (40,571) [1]  
Additional Capital Contribution to VinFast Auto ₫ 317,129                   317,129  
Additional Capital Contribution to VinFast Auto (in shares) | shares 1,036,787 1,036,787                    
Additional capital contribution to VinFast Vietnam                 77,515,874   77,515,874  
Partial disposal of a subsidiary         12,258       3,251   15,509  
Deemed contribution from owners through cash donation to the Company     12,311,667               12,311,667  
Ending balance at Dec. 31, 2022 [1] ₫ 871,021   15,893,667   (130,331,673)   (104,065)   77,442,544   (36,228,506)  
Ending balance (in shares) at Dec. 31, 2022 | shares [1] 2,299,999,998 2,299,999,998                    
Net loss for the year         (60,168,126)       (82,222)   (60,250,348) [1]  
Foreign currency translation adjustment             (281,808)       (281,808) [1]  
Issuance of ordinary shares ₫ 6,076,150   (1,470,984)               4,605,166  
Issuance of ordinary shares (in shares) | shares 26,897,366 26,897,366                    
Share based compensation to service providers ₫ 6,020                   6,020  
Share based compensation to service providers (in shares) | shares 32,463 32,463                    
Allocation of commitment shares issued under Standby Equity Subscription Agreement ₫ 118,828   (6,528)               112,300  
Allocation of commitment shares issued under Standby Equity Subscription Agreement (in shares) | shares 800,000 800,000                    
Warrants exercised and additional paid to convert into capital ₫ 2,775,517   122,403               2,897,920  
Warrants exercised and additional paid to convert into capital (in shares) | shares 10,058,671 10,058,671                    
Changes in ownership in existing subsidiaries without losing control         (2,757)       2,757      
Deemed contribution through awards granted by shareholders to the Company's employees and others     144,083               144,083  
Deemed contribution from owners through cash donation to the Company     23,575,858           7,600   23,583,458  
Ending balance at Dec. 31, 2023 [1] ₫ 9,847,536   38,258,499   (190,502,556)   (385,873)   77,370,679   ₫ (65,411,715)  
Ending balance (in shares) at Dec. 31, 2023 | shares 2,337,788,498 [1] 2,337,788,498 [1]                 2,337,788,498 2,337,788,498
Net loss for the year         (77,265,364)       (89,585)   ₫ (77,354,949) $ (3,178,752,784)
Foreign currency translation adjustment             (74,771)       ₫ (74,771) $ (3,072,570)
Issuance of ordinary shares (in shares) | shares                     9,751,587,414 9,751,587,414
Share based compensation to service providers ₫ 19,631   115,630               ₫ 135,261  
Share based compensation to service providers (in shares) | shares 1,023,998 1,023,998                    
Allocation of commitment shares issued under Standby Equity Subscription Agreement     (40,416)               (40,416)  
Changes in ownership in existing subsidiaries without losing control         (24,249)       24,249      
Deemed contribution through awards granted by shareholders to the Company's employees and others     (53,566)               (53,566)  
Additional capital contribution to VinFast Vietnam [2]                 20,000,000   20,000,000  
Deemed contribution from owners through cash donation to the Company [3]     21,994,658               21,994,658  
Deemed contribution from owner through free electric charging offered to VinFast's customers [4]     5,900,755               5,900,755  
Change in terms of previous issued Dividend Preference Shares [2]     27,498,416           (27,498,416)      
Ending balance at Dec. 31, 2024 ₫ 9,867,167 $ 405,472,242 ₫ 93,673,976 $ 3,849,351,798 ₫ (267,792,169) $ (11,004,403,904) ₫ (460,644) $ (18,929,279) ₫ 69,806,927 $ 2,868,581,344 ₫ (94,904,743) $ (3,899,927,799)
Ending balance (in shares) at Dec. 31, 2024 | shares 2,338,812,496 2,338,812,496                 2,338,812,496 2,338,812,496
[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] Refer to Note 22
[3] This represents financial supports in form of cash injected into the Group from Mr. Pham Nhat Vuong, the Managing Director and CEO of the Company, (“Mr. Pham”), being recognized in the consolidated statements of shareholders’ equity. Please refer to Note 22, Section “Capital Funding Agreement” for details. This also includes cash received during the year from the previous disposal of ICE assets.
[4] This represents the grant to be paid by Mr.Pham for the entire free charging period for all applicable sales up to December 31, 2024 under the program (excluding the free charging programs that announced and committed by VinFast previously). This amount was recognised as a revenue deduction and deemed contribution from owner in our consolidated financial statements for fiscal year 2024. Please refer to Note 2 Section “Sale of vehicles (automobiles, escooters)” for details.