Earnings Report /
Vietnam

Ho Chi Minh City Development Bank: Lower-than-expected credit quota, but positive surprise in asset quality

  • Moderate credit quota puts pressure on growth

  • Cost efficiency a pivotal growth factor

  • We maintain a cautious view on the provisioning policy and its buffers; raise TP to VND32,000/share, Accumulate

Thanh Nguyen
Rong Viet
15 December 2021
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