Published Date: 14/08/2024
- We expect VCB’s net profit in 2025 to increase by 15% yoy thanks to sustained credit demand of 13% and NIM improvement of 13 bps.
- VCB's asset quality continues to lead the industry with the highest LLR ratio (212%) in peer average and group 2 debt decreased sharply since 2Q24.
- Upgrade to ADD rating with TP of VND110,500/share
