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DEPOSITS AND DOWN PAYMENT FROM CUSTOMERS
6 Months Ended
Jun. 30, 2025
DEPOSITS AND DOWN PAYMENT FROM CUSTOMERS  
DEPOSITS AND DOWN PAYMENT FROM CUSTOMERS

9.DEPOSITS AND DOWN PAYMENT FROM CUSTOMERS

The deposits and down payment received in advance from customers for sales of automobiles, e-scooters and service parts were as follows:

As of December 31,

As of June 30,

2024

2025

2025

    

VND million

    

VND million

    

USD

Refundable deposit liabilities

 

2,524,022

 

757,903

 

30,253,193

Non-refundable down-payment of contract liabilities

 

1,041,441

 

1,169,654

 

46,689,047

TOTAL

 

3,565,463

 

1,927,557

 

76,942,240

Revenue recognized from non-refundable down-payment from these contract liabilities as of December 31, 2024 and 2023 for the six-month ended June 30, 2025 and 2024 was VND879,566 million (USD35.1 million) and VND546,523 million, respectively.