VPB’s 1Q23 Analyst Meeting Takeaways

1Q23 PATMI was VND2.5 tn (+12% QoQ/ -71% YoY), fulfilling just 11% of full-year guidance and 13% of our forecast. The QoQ increase was due to lower opex and provisioning, while the YoY decline was due to the one-off upfront fee recorded in 1Q22 and higher YoY provisioning.

For the complete report, please access here: VPB_1Q23_Analyst Meeting

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