VCB_2Q23 Results Highlights

VCB’s 2Q23 PATMI reached VND7.4 tn (-17% QoQ / but +25% YoY). The QoQ decrease was due to higher provisioning, while the YoY increase was driven by higher net interest income and fee income. 1H23 PATMI was VND16.4 tn (+18% YoY), completing 48% of the bank’s full-year guidance and 42% of our forecast.

For the complete report, please access here: VCB_2Q23_Results Highlights

Analyst: Tanh Tran, tanh.tran@yuanta.com.vn